secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2026-05-06T23:59:59+00:00
Accession:  0001637873-26-000019
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACV Q1 revenue $204M (+12% YoY); Adj. EBITDA $17M beats guidance; $100M buyback authorized
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- Q1 revenue $204M (+12% YoY); Marketplace & Service revenue $182M (+10% YoY); Marketplace GMV $2.7B (+5%).
- GAAP net loss ($11M) improved from ($15M) a year ago; non-GAAP net income $7M (flat YoY); Adj. EBITDA $17M vs guided $14-16M.
- Board authorized $100M share repurchase program; intends $50M accelerated share repurchase in coming days.
- Q2 guidance: revenue $213-217M (+10-12% YoY); Adj. EBITDA $18-20M. FY 2026 reaffirmed: rev $845-855M, Adj. EBITDA $73-77M.
- CEO cited market share gains in dealer wholesale and launch of VIPER AI tool with select dealers; commercial wholesale pipeline expanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000163787326000019/0001637873-26-000019-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000163787326000019/acva-20260506.htm
  HTML page:      https://secwatch.observer/filing/0001637873-26-000019

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