NYSE$ACVA
ACV Auctions Inc · Q2 2022 earnings
Q2 2022 earnings · · Investor relations
Briefing
ACV Auctions' second quarter performance showed solid revenue growth and margin improvement, with gains in market share.
ACV Auctions reported a revenue of $115 million, up 18% year-over-year. The company experienced a GAAP net loss of $25 million and an adjusted EBITDA loss of $14 million. Despite headwinds in the automotive industry, ACV exceeded revenue expectations and demonstrated strong quarter-over-quarter margin expansion.
- Revenue reached $115 million, reflecting an 18% increase year-over-year.
- Marketplace and Service revenue was $98 million, up 16% year-over-year.
- Marketplace GMV increased by approximately 27% year-over-year, totaling $2.7 billion.
- Adjusted EBITDA loss was $14 million, with margin expansion of approximately 500 basis points from the first quarter of 2022.
Headline financials
Revenue & EPS history
ACV Auctions · Revenue · Quarterly
$115M
Revenue by segment
ACV Auctions · $115M total across 2 segments · Q2 2022
- Marketplace and Service$97.8M+16.5%84.9%
- Customer Assurance$17.3M+28.9%15.1%
Forward guidance
ACV expects third quarter 2022 revenue between $104 to $107 million, an increase of 13% to 17% year over year. Adjusted EBITDA loss of $13 to $15 million. GAAP net loss of $29 to $31 million. Non-GAAP net loss of $15 to $16 million.
Tailwinds
- Total revenue of $104 to $107 million, an increase of 13% to 17% year over year
- Adjusted EBITDA loss of $13 to $15 million
- GAAP net loss of $29 to $31 million
- Non-GAAP net loss of $15 to $16 million
Headwinds
- Wholesale volumes are expected to remain constrained due to the ongoing automotive OEM production challenges and softening retail demand for used vehicles.
- Marketplace conversion rates are expected to remain at the lower-end of our historical range until seller and buyer price expectations converge to more normalized levels.
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 2022
+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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