NYSE$ACVA

ACV Auctions Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

ACV Auctions achieved $100 million in quarterly revenue, exceeding expectations, driven by market share gains and adoption of value-added services.

ACV Auctions reported strong Q4 2021 results, achieving $100.2 million in revenue, an 86% increase year-over-year. The company reached nationwide coverage and launched new offerings, positioning it for long-term growth.

  • Revenue of $100.2 million, an increase of 86% year over year.
  • Marketplace and Service revenue of $86.7 million, an increase of 98% year over year.
  • Marketplace GMV of $2.5 billion, an increase of approximately 170% year over year.
  • Marketplace Units of 138,565, an increase of 35% year over year.

Headline financials

Total Revenue

$100M

Previous: $53.8M+86.3%
EPS (adj)

-$0.17

Previous: -$0.56+69.6%
Adjusted EBITDA

-$15.7M

Previous: -$8.2M-91.5%
Marketplace GMV

$2.5B

Previous: $926M+170.0%
Marketplace Units

138.6K

Previous: 102.6K+35.0%
Capital Expenditures

$372K

Previous: $514K-27.6%
Free Cash Flow

-$3.5M

Previous: -$10.5M+66.6%
Net Income

-$26.3M

Previous: -$12.3M-114.6%
Operating Income

-$25.7M

Previous: -$12M-114.2%
Gross Profit

$42.2M

Previous: $23.4M+80.1%
Cash & Equivalents

$566M

Previous: $234M+142.2%
Total Assets

$983M

Previous: $405M+143.0%
Stock-Based Comp

$6.8M

Previous: $2.23M+204.8%

Revenue & EPS history

ACV Auctions · Revenue · Quarterly

$100M

Q4 2021+86.3%vs Q4 2020
Beat estimate in 5 of 8 quarters(63%)
ActualEstimate

Revenue by segment

ACV Auctions · $100M total across 2 segments · Q4 2021

  • Marketplace and Service
    $86.7M+97.7%
  • Customer Assurance
    $13.5M+35.7%

Forward guidance

ACV expects 2022 revenue of $450 million to $460 million, representing growth of 26% to 28% year-over-year. The company anticipates an Adjusted EBITDA loss of $53 million to $57 million for 2022.

Tailwinds

  • Total revenue of $100 to $102 million, an increase of 45% to 48% year over year

Headwinds

  • Adjusted EBITDA loss of $17 to $18 million
  • Ongoing automotive supply chain issues have made it challenging to predict both used-vehicle values and vehicle trade volumes

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 Q4 2021

Historical avgQ4 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

Earnings price reactions
QuarterReport dateReaction (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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