ACV Q3 revenue $119M (+13% YoY); raises FY 2023 guidance above prior range

ACV Auctions Inc.

2023-Q3 EPS reported -$0.33 revenue$362,857,000

Q3 revenue of $119M, up 13% year-over-year; Marketplace & Service revenue $105M (+15% YoY).
GAAP net loss $18M; Adjusted EBITDA loss $4M, improved from -$12M in prior year.
Marketplace units 150,057 (+13% YoY); GMV $2.1B flat vs Q3 2022.
FY 2023 guidance raised: revenue $479-483M (14-15% YoY growth); Adjusted EBITDA loss $20-22M.
Q4 2023 guidance: revenue $116-120M (+18-23% YoY); Adjusted EBITDA loss $7-9M.

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 the quarter ended September 30, 2023 results: revenue $119 million, net income ($18) million. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $119 million
Net income: ($18) million
Guidance: raised
Result: reported results

Exact text from the filing

Third quarter revenue of $119 million, up 13% year over year ● Third quarter GAAP net income (loss) of ($18) million

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Source: SEC EDGAR

accession 0000950170-23-059377

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