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ACVA

ACV Auctions Inc.

ACVA

ACV Auctions Inc. • NASDAQ
$7.85 ▲ 1.55% (+0.12)
Market Cap $1.35 B
52w High $23.30
52w Low $4.95
Dividend Yield 0%
P/E -18.69
Volume 2.06M
Outstanding Shares 172.17M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $199.561M ▲ $152.419M ▲ $-24.465M ▼ -12.259% ▼ $-0.14 ▼ $-10.53M ▼
Q2-2025 $193.703M ▲ $109.67M ▼ $-7.298M ▲ -3.768% ▲ $-0.04 ▲ $5.859M ▲
Q1-2025 $182.697M ▲ $113.749M ▼ $-14.817M ▲ -8.11% ▲ $-0.09 ▲ $-1.995M ▲
Q4-2024 $159.514M ▼ $124.112M ▲ $-26.137M ▼ -16.385% ▼ $-0.16 ▼ $-13.514M ▼
Q3-2024 $171.329M $107.228M $-16.029M -9.356% $-0.097 $-5.32M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $316.019M ▲ $1.166B ▲ $732.046M ▲ $434.45M ▼
Q2-2025 $304.733M ▼ $1.138B ▼ $689.49M ▼ $448.783M ▲
Q1-2025 $341.812M ▲ $1.152B ▲ $712.769M ▲ $439.57M ▼
Q4-2024 $270.101M ▼ $984.149M ▼ $544.145M ▼ $440.004M ▼
Q3-2024 $287.752M $1.034B $578.141M $456.212M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-24.465M ▼ $10.253M ▼ $-31.124M ▲ $27.817M ▲ $6.978M ▲ $-1.253M ▼
Q2-2025 $-7.298M ▲ $13.715M ▼ $-62.778M ▼ $15.366M ▼ $-33.52M ▼ $19.587M ▼
Q1-2025 $-14.817M ▲ $66.624M ▲ $-30.868M ▼ $32.032M ▲ $67.82M ▲ $56.547M ▲
Q4-2024 $-26.137M ▼ $-3.219M ▼ $-28.177M ▼ $3.053M ▲ $-28.459M ▼ $-11.188M ▼
Q3-2024 $-16.029M $21.125M $16.311M $98K $37.552M $12.58M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Auction Marketplace Revenue
Auction Marketplace Revenue
 $150.00M ▲$90.00M ▼$90.00M ▲$90.00M ▲
Other Marketplace Revenue
Other Marketplace Revenue
 $120.00M ▲$70.00M ▼$80.00M ▲$80.00M ▲

Five-Year Company Overview

Income Statement

Income Statement ACV has grown its sales steadily every year, showing strong demand for its digital auction platform. The core business is scaling, and gross profit has risen along with it, which suggests the model works economically at the top line. However, the company still spends heavily on operations, technology, and growth, so operating profit and net income remain in the red. Losses peaked a couple of years ago and have since improved somewhat, but the firm is not yet consistently profitable. Overall, the income statement tells a story of a company prioritizing growth and product build‑out over near‑term earnings, with some early signs of margin progress but a continued profitability gap to close.

Balance Sheet

Balance Sheet The balance sheet looks relatively solid for a young, still‑unprofitable business. Total assets have grown and are fairly stable, and the company holds a meaningful cash cushion, though cash is lower than right after the IPO. Debt exists but is modest compared with the overall size of the business, which limits financial strain from interest payments. Shareholders’ equity has moved from negative to clearly positive over the last few years, reflecting capital raises and accumulated growth investment. In simple terms, ACV appears reasonably well-capitalized, not over-leveraged, and with enough financial flexibility to keep investing, though not with the excess cash levels it had immediately post‑IPO.

Cash Flow

Cash Flow ACV’s cash flow profile is gradually improving. The business went through a period of burning cash as it invested in growth, but operating cash flow has recently turned positive again, suggesting better cost control and more efficient scale. Free cash flow has followed a similar pattern, recently edging into positive territory after earlier years of outflows. Capital spending is relatively light, so most cash movements are driven by operating performance rather than heavy physical investment. The key watch point is whether the company can sustain and build on this positive cash flow trend while still investing in growth and technology.

Competitive Edge

Competitive Edge ACV is positioning itself as a digital-first alternative to traditional wholesale auto auctions. Its main advantages are transparency, convenience, and speed: detailed inspection reports, online-only auctions, and integrated services for transport and financing make transactions simpler for dealers. A growing base of buyers and sellers reinforces the marketplace, creating network effects that make the platform more attractive over time. On the other hand, ACV is competing with large, entrenched incumbents that are also investing in digital tools and have long-standing relationships with dealers and commercial sellers. The opportunity is sizable, but success depends on ACV continuing to differentiate on data quality, ease of use, and service breadth while defending its lead against well-funded rivals.

Innovation and R&D

Innovation and R&D Innovation is at the center of ACV’s strategy. The company has built proprietary tools that make online car buying and selling more trustworthy, such as detailed digital inspections, engine sound analysis, and undercarriage imaging. Its acquisition-driven AI capabilities help automate damage detection and refine pricing, and the huge dataset from millions of inspections strengthens this advantage over time. ACV is also expanding into new areas like commercial remarketing centers, advanced inspection hardware (“Project Viper”), and deeper AI-based pricing and workflow tools, including a partnership powering trade‑in valuations on Amazon’s platform. These efforts support a strong technology and data moat, but they also require ongoing, substantial investment that weighs on current profitability.

Summary

ACV Auctions is a fast-growing, tech-driven player reshaping how used vehicles are traded between dealers. Financially, it shows a classic high-growth profile: strong and steady revenue expansion, improving but still negative earnings, a reasonably healthy balance sheet with modest debt, and cash flows that are moving in the right direction but are not yet firmly established at high, consistent levels. Strategically, the company’s edge comes from its inspection technology, data depth, and integrated services, which together create a more transparent and efficient marketplace than traditional physical auctions. The main uncertainties lie in the company’s ability to convert this growth and innovation into durable profitability, maintain its lead as competitors respond, and manage exposure to the broader auto cycle. Overall, it is an ambitious, innovation-heavy platform business with clear strengths and equally clear execution and scaling challenges ahead.

NEWS

November 17, 2025 · 2:26 PM UTC

ACV Showcases AI-Powered Data Solutions at Used Car Week 2025

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November 5, 2025 · 4:05 PM UTC

ACV Announces Third Quarter 2025 Results

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October 20, 2025 · 5:07 PM UTC

ACV to Report Third Quarter 2025 Financial Results on November 5, 2025

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September 15, 2025 · 9:00 AM UTC

ACV CEO, George Chamoun, Named to Automotive News' 2025 All-Stars List

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