{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-021682","form_type":"8-K","ticker":"ACVA","cik":"0001637873","company_name":"ACV Auctions Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.366642+00:00","generated_at":"2026-06-02T10:30:34.941001+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"ACV Q1 revenue $146M (+22% YoY), first non-GAAP profit; guides Q2 rev $154-158M","bullets":["Revenue $146M (+22% YoY); GAAP net loss ($20M), non-GAAP net income $1M (first profitable non-GAAP quarter).","Adjusted EBITDA $4M vs ($6M) YoY; marketplace units up 15% to 174,631; GMV down 4% to $2.3B.","Full-year 2024 guidance: revenue $610-625M (+27-30% YoY), Adj. EBITDA $20-25M.","Q2 2024 guidance: revenue $154-158M (+24-27% YoY), Adj. EBITDA $6-8M.","CEO cites market share gains; expects modest dealer wholesale volume recovery in H2 2024."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-021682","json":"https://secwatch.observer/filing/0001628280-24-021682.json","markdown":"https://secwatch.observer/filing/0001628280-24-021682.md","text":"https://secwatch.observer/filing/0001628280-24-021682.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1637873/000162828024021682/0001628280-24-021682-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1637873/000162828024021682/acva-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T10:30:34.941001+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"370881fec1ec80dd64e3ffda910cc03d961b670c","claim":"ACV Auctions Inc. reported first quarter ended March 31, 2024 results: revenue $146 million, net income ($20) million. Guidance reaffirmed.","evidence_excerpt":"EX-99.1 (EX-99.1) --- ACV Announces First Quarter 2024 Results Delivered 22% Revenue Growth Revenue and Adjusted EBITDA at the High-End of Guidance • First quarter revenue of $146 million • First quarter GAAP net income (loss) of ($20) million • First quarter non-GAAP net income of $1 million • First quarter Adjusted EBITDA of $4 million • Expects 2024 revenue of","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1637873/000162828024021682/0001628280-24-021682-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$146 million"},{"label":"Net income","value":"($20) million"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}