earnings
confidence high
sentiment negative
materiality 0.70
ACV Q2 revenue $115M (+18% YoY); guides FY22 revenue $427-432M, lowers spend outlook
ACV Auctions Inc.
2022-Q2 EPS reported
-$0.35
revenue$218,137,000
- Q2 revenue $115M (+18% YoY); GAAP net loss $25M; Adjusted EBITDA loss $14M, margin improvement ~500 bps QoQ.
- Marketplace GMV $2.7B (+27% YoY); units 148,047 (-3% YoY, +6% QoQ).
- Full-year 2022 revenue guidance $427-432M (19-21% growth); Adjusted EBITDA loss $57-59M.
- Reduced non-GAAP operating expense run rate by ~$40M vs initial 2022 guidance due to demand/supply headwinds.
- Weakening consumer demand and ongoing OEM production challenges cited as constraints on wholesale volumes.