earnings
confidence high
sentiment neutral
materiality 0.70
ACV Auctions Q1 revenue $103M (+49% YoY); guides FY22 revenue $452-460M
ACV Auctions Inc.
2023-Q1 EPS reported
-$0.19
revenue$103,065,000
- Revenue $103M (+49% YoY); Marketplace GMV $2.4B (+83%); units 140,125 (+9%).
- GAAP net loss $29M; Adjusted EBITDA loss $18M vs. $12M loss YoY.
- Q2 2022 guidance: revenue $109-112M; Adjusted EBITDA loss $16-17M.
- FY 2022 guidance: revenue $452-460M (26-28% YoY); Adj. EBITDA loss $53-57M.
- CEO cites market share gains, adoption of value-added services, and data/SaaS traction.