secwatch.observer — SEC 8-K summary
======================================

Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2023-11-06T23:59:59+00:00
Accession:  0000950170-23-059377
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000095017023059377/0000950170-23-059377-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000095017023059377/acva-20231106.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-059377

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