secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2022-08-10T23:59:59+00:00
Accession:  0000950170-22-016461
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACV Q2 revenue $115M (+18% YoY); guides FY22 revenue $427-432M, lowers spend outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000095017022016461/0000950170-22-016461-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000095017022016461/acva-20220810.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-016461

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