secwatch.observer — SEC 8-K summary
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Issuer:     ACV Auctions Inc. (ACVA)
CIK:        0001637873
Form:       8-K
Filed at:   2026-08-10T20:11:55+00:00
Accession:  0001637873-26-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

ACV Q2 revenue $214M (+10%), beats EBITDA; CFO Zerella resigns, Fox promoted
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- Q2 revenue $214M, up 10% YoY; GAAP net loss $8M; non-GAAP net income $10M; Adjusted EBITDA $21M vs $19M.
- Reaffirms FY26 guidance: revenue $845-855M, Adj. EBITDA $73-77M, GAAP loss $49-44M; Q3 revenue guide $219-225M.
- CFO Bill Zerella resigns effective Aug 10, 2026 to join another company; stays advisory through Oct 2 at $125K salary.
- Tim Fox promoted to CFO effective Aug 11, 2026; base $399K, 80% bonus, RSU $1.05M, PSU $450K.
- Marketplace units flat at 211,472; GMV $2.7B flat YoY; dealer wholesale market headwinds noted.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1637873/000163787326000031/0001637873-26-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1637873/000163787326000031/acva-20260806.htm
  HTML page:      https://secwatch.observer/filing/0001637873-26-000031

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