secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2024-11-07T23:59:59+00:00
Accession:  0001628280-24-046269
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000162828024046269/0001628280-24-046269-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000162828024046269/acva-20241107.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-046269

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