earnings
confidence high
sentiment positive
materiality 0.70
ACV Auctions Q1 revenue $120M (+16% YoY) beats guidance; raises full-year 2023 outlook
ACV Auctions Inc.
2023-Q1 EPS reported
-$0.11
revenue$119,626,000
- Q1 revenue of $120M, up 16% YoY, above guidance range.
- GAAP net loss of $18M; Adjusted EBITDA of -$6M, improved from -$18M YoY.
- Marketplace units 151,563 (+8% YoY); GMV $2.4B, flat YoY.
- Full-year 2023 guidance raised: revenue $468-478M (11-13% YoY growth), Adj EBITDA -$27 to -$32M.
- Q2 2023 guidance: revenue $117-120M, Adj EBITDA -$8 to -$10M.