earnings
confidence high
sentiment neutral
materiality 0.60
ACV Q3 revenue $91.8M (+36% YoY); net loss $24.8M vs profit year ago; raises FY21 guidance
ACV Auctions Inc.
2021-Q3 EPS reported
-$0.45
revenue$258,258,000
- Q3 total revenue $91.8M (+36% YoY); GAAP net loss $24.8M vs net income $3.2M in Q3 2020.
- Adjusted EBITDA loss $12.4M vs $3.3M profit YoY; marketplace GMV $2.0B (+79% YoY).
- Full-year 2021 revenue guidance raised to $341-344M (64-65% YoY growth), $8M above prior midpoint.
- Q4 2021 guidance: revenue $83-86M (+54-60% YoY); adj EBITDA loss $22-26M.
- Marketplace units 140,734 (+19% YoY); used-vehicle demand strong despite supply chain pressures.