---
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"
generated_at: "2026-06-02T10:30:34.941001+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# ACV Q1 revenue $146M (+22% YoY), first non-GAAP profit; guides Q2 rev $154-158M

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-021682
- JSON: https://secwatch.observer/filing/0001628280-24-021682.json
- Plain text: https://secwatch.observer/filing/0001628280-24-021682.txt

## Key facts
- Earnings Releases
  ACV Auctions Inc. reported first quarter ended March 31, 2024 results: revenue $146 million, net income ($20) million. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $146 million
  - Net income: ($20) million
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1637873/000162828024021682/0001628280-24-021682-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.