secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2024-08-07T23:59:59+00:00
Accession:  0001628280-24-035624
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000162828024035624/0001628280-24-035624-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000162828024035624/acva-20240807.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035624

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