ACV Auctions Q2 revenue $161M (+29% YoY), beats high-end guidance

ACV Auctions Inc.

2024-Q2 EPS reported -$0.23 revenue$306,313,000

Revenue $161M, up 29% YoY, exceeding high-end of guidance range.
GAAP net loss $17M; non-GAAP net income $3M; Adjusted EBITDA $7M vs ($4M) a year ago.
Marketplace units 186,526 (+22% YoY); GMV $2.4B (-1% YoY).
Full-year 2024 guidance: revenue $615-$625M (+28-30% YoY), Adjusted EBITDA $21-$25M.
Q3 2024 guidance: revenue $158-$162M (+33-36% YoY), Adjusted EBITDA $6-$8M.

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