ACV Auctions Q3 revenue $171M (+44% YoY), EBITDA $11M; raises FY 2024 guidance

ACV Auctions Inc.

2024-Q3 EPS reported -$0.33 revenue$477,642,000

Q3 revenue $171M, up 44% YoY; marketplace units 198,354 (+32% YoY); GMV $2.5B.
GAAP net loss ($16M); non-GAAP net income $8M; Adjusted EBITDA $11M vs. ($4M) a year ago.
FY 2024 revenue guidance raised to $630-634M (31-32% growth); Adjusted EBITDA $25-27M.
Q4 2024 revenue guided $152-156M (28-32% YoY); Adjusted EBITDA $2-4M, including ~$2M hurricane impact.
Revenue and Adjusted EBITDA in Q3 exceeded the high-end of prior guidance.

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