ACV Q2 revenue $97.4M (+117% YoY); raises FY 2021 revenue outlook to $332-338M

ACV Auctions Inc.

2022-Q2 EPS reported -$0.29 revenue$166,460,000

Revenue $97.4M, up 117% YoY; GAAP net loss $9.7M vs $4.4M loss a year ago.
Adjusted EBITDA loss $3.7M vs $1.5M loss in Q2 2020.
Marketplace units 153,274 (+74% YoY); GMV $2.1B (+234% YoY).
Raises FY 2021 revenue guidance to $332-338M (59-62% YoY growth); Q3 revenue guidance $82-85M.
CEO cites market share gains, value-added services, and recent MAX Digital acquisition.

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