ACV Q3 revenue $105M (+15% YoY); guides FY revenue $421-424M, Adj. EBITDA loss $59-61M

ACV Auctions Inc.

2022-Q3 EPS reported -$0.50 revenue$323,556,000

Q3 revenue $105M (+15% YoY); GAAP net loss $24M; Adjusted EBITDA loss $12M with ~200bps margin expansion.
Marketplace GMV $2.1B (+6% YoY); units 133,165 (-5% YoY), reflecting constrained wholesale volumes.
FY 2022 guidance: revenue $421-424M (17-18% growth); Adj. EBITDA loss $59-61M (~14% margin).
Q4 2022 guidance: revenue $97-100M; Adj. EBITDA loss $15-17M; GAAP net loss $31-33M.
CEO cites weakening consumer demand and below-historical auction conversion rates driving guidance cut.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ACV Auctions Inc. reported third quarter ended September 30, 2022 results: revenue $105 million. Guidance lowered.

Period: third quarter ended September 30, 2022
Revenue: $105 million
Guidance: lowered
Result: reported results

Exact text from the filing

Exhibit 99.1 ACV Announces Third Quarter 2022 Results Gains Market Share, Delivers Solid Revenue Growth and Margin Improvement Updates 2022 Guidance ● Third quarter revenue of $105 million, up 15% YoY ● Third quarter GAAP net loss of $24 million ● Third quarter Adjusted EBITDA loss of $12 million; Adjusted EBITDA margin expansion of ~200 basis points from third

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Source: SEC EDGAR

accession 0000950170-22-023840

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