secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2021-08-11T23:59:59+00:00
Accession:  0000950170-21-001266
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000095017021001266/0000950170-21-001266-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000095017021001266/acva-20210811.htm
  HTML page:      https://secwatch.observer/filing/0000950170-21-001266

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer