secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2023-05-10T23:59:59+00:00
Accession:  0000950170-23-020538
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACV Auctions Q1 revenue $120M (+16% YoY) beats guidance; raises full-year 2023 outlook
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000095017023020538/0000950170-23-020538-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000095017023020538/acva-20230510.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-020538

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