NYSE$ACVA
ACV Auctions Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
ACV Auctions reported third quarter results, demonstrating revenue growth and margin improvement.
ACV Auctions reported Q3 2022 results with revenue of $105 million, a 15% increase year-over-year. The company experienced a GAAP net loss of $24 million and an adjusted EBITDA loss of $12 million. They updated their 2022 guidance to reflect weakening consumer demand.
- Revenue of $105 million, up 15% year over year.
- Marketplace and Service revenue of $91 million, up 15% year over year.
- Marketplace GMV of $2.1 billion, up approximately 6% year over year.
- Marketplace Units of 133,165, down 5% year over year.
Headline financials
Revenue & EPS history
ACV Auctions · Revenue · Quarterly
$105M
Revenue by segment
ACV Auctions · $105M total across 2 segments · Q3 2022
- Marketplace and Service$90.9M+14.6%86.2%
- Customer Assurance$14.6M+16.6%13.8%
Forward guidance
ACV provided guidance for the fourth quarter of 2022, expecting total revenue between $97 to $100 million and an Adjusted EBITDA loss of $15 to $17 million. They also provided full year 2022 guidance.
Tailwinds
- Total revenue of $97 to $100 million is expected.
- Adjusted EBITDA loss of $15 to $17 million is expected.
- GAAP net loss of $31 to $33 million is expected.
- Non-GAAP net loss of $17 to $19 million is expected.
- Total revenue of $421 to $424 million, an increase of 17% to 18% year over year is expected.
Headwinds
- Wholesale volumes are expected to remain constrained due to the ongoing automotive OEM production challenges and softening retail vehicle demand.
- Marketplace conversion rates are expected to remain at or below the lower-end of our historical range until seller and buyer price expectations converge to more normalized levels.
- Total non-GAAP operating expenses, excluding cost of revenue, are expected to grow approximately 24% year over year in 2022, and exclude approximately $40 million of stock-based compensation and $5 million of intangible amortization.
- Fourth quarter non-GAAP net loss excludes approximately $13 million of stock-based compensation and approximately $1 million of intangible amortization.
- Adjusted EBITDA loss of $59 to $61 million is expected.
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 Q3 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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