NYSE$ACVA
ACV Auctions Inc · Q1 2021 earnings
Q1 2021 earnings · · Investor relations
Briefing
ACV Auctions' first quarter results reflected growth driven by its trusted, digitally native platform.
ACV Auctions reported a strong start to 2021, with revenue up 64% year-over-year, driven by its data-powered solutions and marketplace experience. The company is increasing investment to expand its team and drive innovation.
- Completed its initial public offering and began trading on Nasdaq on March 24, 2021.
- Revenue of $69.1 million, an increase of 64% year over year.
- Marketplace GMV of $1.3 billion, an increase of approximately 107% year over year.
- Adjusted EBITDA loss of $12.4 million, compared to Adjusted EBITDA loss of $24.4 million in first quarter 2020.
Headline financials
Revenue & EPS history
ACV Auctions · Revenue · Quarterly
$69.1M
Revenue by segment
ACV Auctions · $69.1M total across 2 segments · Q1 2021
- Marketplace and Service$58.4M+68.8%84.5%
- Customer Assurance$10.7M+40.0%15.5%
Forward guidance
ACV Auctions provided revenue guidance for the second quarter of 2021 of $72 to $75 million, representing a 60% to 67% year-over-year increase. Full year 2021 revenue is projected to be $307 to $313 million, up 47% to 50% year-over-year.
Tailwinds
- Strong demand and unit prices are expected to continue in the near-term.
- Second quarter total revenue of $72 to $75 million, an increase of 60% to 67% year over year
- Total revenue of $307 to $313 million, an increase of 47% to 50% year over year
- Favorable market dynamics driving strong demand
- Unit prices are expected to continue in the near-term
Headwinds
- A return to more normalized levels later in fiscal 2021.
- Adjusted EBITDA loss of $20 to $22 million for the second quarter
- Adjusted EBITDA loss of $79 to $82 million for the full year
- Total operating expense growth of approximately 63%
- High variability, complexity and low visibility with respect to the charges excluded from this non-GAAP measure
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2021
+3.7%
Avg return
Earnings day
+4.4%
Avg return
5 days after
+7.2%
Avg return
30 days after
50%
11 / 22 earnings
Positive
+23.9%
Q2 2022
Best reaction
-14.9%
Q4 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.3% | +13.0% | +4.8% | |
| Q4 2025 | -14.9% | -14.4% | -23.8% | |
| Q3 2025 | +6.7% | +7.9% | +60.1% | |
| Q1 2025 | +4.4% | +7.7% | +5.3% | |
| Q4 2024 | -10.0% | -20.3% | -25.9% | |
| Q3 2024 | +5.2% | +8.2% | +16.7% | |
| Q2 2024 | +19.6% | +17.4% | +20.3% | |
| Q1 2024 | -1.6% | -2.0% | +0.4% | |
| Q4 2023 | +16.9% | +16.7% | +36.4% | |
| Q3 2023 | -3.7% | -4.6% | -1.7% | |
| Q2 2023 | +0.7% | -4.0% | +0.4% | |
| Q1 2023 | +22.5% | +26.5% | +31.0% | |
| Q4 2022 | +20.5% | +15.9% | +18.5% | |
| Q3 2022 | +19.1% | +23.2% | +26.5% | |
| Q2 2022 | +23.9% | +23.8% | +35.2% | |
| Q1 2022 | -7.1% | -4.5% | -18.1% | |
| Q4 2021 | +11.6% | +12.7% | +27.8% | |
| Q3 2020 | -4.2% | +3.3% | -0.7% | |
| Q3 2021 | -4.2% | +3.3% | -0.7% | |
| Q2 2021 | -8.6% | -11.9% | -16.9% | |
| Q4 2020 | -5.5% | -10.3% | -19.3% | |
| Q1 2021 | -5.5% | -10.3% | -19.3% | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — | |
| Q4 2019 | — | — | — | |
| Q3 2019 | — | — | — | |
| Q2 2019 | — | — | — | |
| Q1 2019 | — | — | — |
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