secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0000950170-24-017935
Event type: earnings
Sentiment:  positive
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACV Q4 revenue $118M (+21% YoY); guides FY2024 rev $610-625M, Adj EBITDA $20-25M
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- Q4 GAAP net loss $23M; full-year loss $75M vs $56M Adj EBITDA loss (improved from $56M loss in 2022).
- Marketplace units 143,999 (+15% YoY); GMV $1.8B (+6% YoY) despite industry headwinds.
- FY2024 revenue guidance $610-625M (27-30% growth); Adj EBITDA $20-25M vs ($18)M in 2023.
- Recently acquired Texas auction group expected to contribute ~5% of 2024 revenue and be accretive to Adj EBITDA.
- Q1 2024 guidance: rev $141-146M (+18-22% YoY); Adj EBITDA $2-4M (first positive quarterly Adj EBITDA).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000095017024017935/0000950170-24-017935-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000095017024017935/acva-20240221.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-017935

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