secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2022-11-09T23:59:59+00:00
Accession:  0000950170-22-023840
Event type: earnings
Sentiment:  neutral
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000095017022023840/0000950170-22-023840-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000095017022023840/acva-20221109.htm
  HTML page:      https://secwatch.observer/filing/0000950170-22-023840

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