secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2022-05-11T23:59:59+00:00
Accession:  0000950170-22-009314
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACV Auctions Q1 revenue $103M (+49% YoY); guides FY22 revenue $452-460M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000095017022009314/0000950170-22-009314-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000095017022009314/acva-20220511.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-009314

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