ACV Auctions Inc. ACVA
Our mission is to build and enable the most trusted and efficient marketplace for buying and selling used vehicles with transparency and comprehensive data that was previously unimaginable.
We provide a highly efficient and vibrant marketplace platform ("marketplace platform" or "marketplace") for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information to our customers. Our marketplace platform leverages data insights and technology to power our digital marketplace and data services, enabling our dealers and commercial partners to buy, sell, and value vehicles with confidence and efficiency. Our marketplace platform is also supported by remarketing centers in various locations throughout the United States. We strive to solve the challenges that the used automotive industry has faced for generations and provide powerful technology-enabled capabilities to our dealers and commercial partners who fulfill a critical role in the automotive ecosystem. We help dealers source and manage inventory and accurately price their vehicles as well as process payments, transfer titles, manage arbitrations, and finance and transport vehicles. Our marketplace platform encompasses:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $759.6M | $637.2M | $481.2M | $421.5M | $358.4M | $208.4M | $106.8M | — |
| SG&A | $235.0M | $217.4M | $166.5M | $143.6M | $121.2M | $64.9M | $62.4M | — |
| Total operating expenses | $822.8M | $721.3M | $570.9M | $527.7M | $435.2M | $249.0M | $186.1M | — |
| Operating income | -$63.2M | -$84.1M | -$89.7M | -$106.2M | -$76.8M | -$40.6M | -$79.3M | — |
| Interest expense | $9.6M | $4.2M | $1.6M | $979.0K | $782.0K | $633.0K | $0 | — |
| Pre-tax income | -$64.8M | -$79.0M | -$74.7M | -$102.1M | -$77.5M | -$40.5M | -$77.2M | — |
| Income tax | $1.3M | $688.0K | $526.0K | $87.0K | $724.0K | $489.0K | $27.0K | — |
| Net income | -$66.1M | -$79.7M | -$75.3M | -$102.2M | -$78.2M | -$41.0M | -$77.2M | — |
| EPS, basic | -0.39 | -0.48 | -0.47 | -0.65 | -0.62 | -1.90 | — | — |
| EPS, diluted | -0.39 | -0.48 | -0.47 | -0.65 | -0.62 | -1.90 | -4.20 | — |
| Shares, diluted (wtd. avg.) | 170.6M | 164.9M | 160.0M | 157.0M | 125.3M | 21.6M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $271.5M | $224.1M | $182.6M | $280.8M | $566.0M | $233.7M | $182.3M | $117.9M |
| Short-term investments | $0 | $46.0M | $228.8M | — | — | — | — | — |
| Receivables | $197.2M | $168.8M | $164.0M | $168.7M | $222.8M | $104.1M | — | — |
| Total current assets | $673.5M | $593.2M | $706.9M | $754.8M | $857.4M | $354.4M | — | — |
| Property, plant and equipment | $12.9M | $7.6M | $4.9M | $5.7M | $4.9M | $4.9M | — | — |
| Goodwill | $183.7M | $180.5M | $103.4M | $91.8M | $78.8M | $21.8M | $16.1M | — |
| Other intangibles | $81.0M | $90.8M | $34.2M | $19.3M | $18.1M | $11.5M | — | — |
| Total assets | $1.09B | $984.1M | $922.9M | $914.9M | $983.0M | $404.6M | — | — |
| Accounts payable | $390.8M | $345.6M | $305.8M | $323.7M | $396.0M | $152.0M | — | — |
| Total current liabilities | $420.8M | $381.2M | $333.9M | $348.2M | $423.4M | $166.7M | — | — |
| Long-term debt | — | — | — | $75.5M | $500.0K | $4.8M | — | — |
| Total liabilities | $655.9M | $544.1M | $466.4M | $429.2M | $426.9M | $177.9M | — | — |
| Retained earnings | -$568.5M | -$502.3M | -$422.6M | -$347.4M | -$245.2M | -$167.0M | — | — |
| Total equity | $429.7M | $440.0M | $456.5M | $485.7M | $556.1M | -$139.7M | -$106.1M | -$41.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $78.2M | $65.4M | -$17.9M | -$75.2M | $85.3M | $10.4M | -$72.5M | — |
| Depreciation and amortisation | $43.7M | $36.8M | $19.3M | $11.4M | $8.8M | $7.2M | $1.8M | — |
| Stock-based compensation | $56.9M | $68.0M | $49.6M | $39.3M | $23.2M | $5.7M | $998.0K | — |
| Capital expenditure | $9.1M | $4.5M | $2.3M | $3.2M | $2.6M | $3.5M | $3.4M | — |
| Investing cash flow | -$74.1M | -$15.9M | -$111.0M | -$283.0M | -$129.3M | -$19.7M | -$24.7M | — |
| Financing cash flow | $43.0M | -$7.9M | $30.6M | $72.9M | $376.2M | $60.8M | $161.5M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-158987.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | $106.8M | $208.4M | $358.4M | $421.5M | $481.2M | $637.2M | $759.6M |
| Gross profit | — | — | — | — | — | — | — | — |
| Net income | — | -$77.2M | -$41.0M | -$78.2M | -$102.2M | -$75.3M | -$79.7M | -$66.1M |
Recent filings and events
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed Item 1.01
- Results announced Item 2.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced Item 2.02
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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