NYSE$ACVA
ACV Auctions Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
ACV Auctions' second quarter performance in 2021 was marked by significant revenue growth and increased marketplace activity.
ACV Auctions reported a substantial 117% year-over-year increase in total revenue, reaching $97.4 million. The company experienced growth in marketplace GMV and units, alongside a GAAP net loss of $9.7 million and an adjusted EBITDA loss of $3.7 million.
- Total revenue increased by 117% year-over-year to $97.4 million.
- Marketplace and Service revenue grew by 119% year-over-year to $83.9 million.
- Marketplace GMV increased by approximately 234% year-over-year, reaching $2.1 billion.
- Marketplace Units increased by 74% year-over-year to 153,274.
Headline financials
Revenue & EPS history
ACV Auctions · Revenue · Quarterly
$97.4M
Revenue by segment
ACV Auctions · $97.4M total across 2 segments · Q2 2021
- Marketplace and Service$83.9M+119.1%86.2%
- Customer Assurance$13.4M+104.0%13.8%
Forward guidance
ACV provided guidance for the third quarter and full year 2021, anticipating continued revenue growth alongside adjusted EBITDA losses.
Tailwinds
- Third quarter revenue is expected to be $82 to $85 million, an increase of 22% to 26% year-over-year.
- Full year revenue is projected to be $332 to $338 million, representing a 59% to 62% year-over-year increase.
- The company is focused on geographic expansion.
- The company is focused on new platform features and offerings.
- The company expects long-term growth drivers for its business.
Headwinds
- Third quarter adjusted EBITDA loss is expected to be $20 to $22 million.
- Full year adjusted EBITDA loss is projected to be $62 to $65 million.
- Market conditions that contributed to strong demand and higher unit prices in recent quarters are expected to continue to normalize in the second half of the year.
- Total operating expenses, excluding cost of revenue, are expected to grow approximately 66% year over year.
- Reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure is not available without unreasonable efforts on a forward-looking basis due to the 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 Q2 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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