NYSE$ACVA

ACV Auctions Inc · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

ACV Auctions reported Q4 2022 results, showing revenue in line with guidance and Adjusted EBITDA ahead of guidance.

ACV Auctions reported Q4 2022 revenue of $98 million and an Adjusted EBITDA loss of $13 million. The company continued to gain market share and expand its dealer partnership network despite challenging market conditions.

  • Revenue of $98 million, a decrease of 2% year over year.
  • Marketplace and Service revenue of $85 million, a decrease of 2% year over year.
  • Marketplace GMV of $1.8 billion, a decrease of approximately 29% year over year.
  • Adjusted EBITDA loss of $13 million, compared to Adjusted EBITDA loss of $16 million in the fourth quarter 2021.

Headline financials

Total Revenue

$98M

Previous: $100M-2.2%
EPS (adj)

-$0.15

Previous: -$0.17+11.8%
Marketplace GMV

$1.8B

Previous: $2.5B-28.0%
Marketplace Units

124.8K

Previous: 138.6K-10.0%
Capital Expenditures

$559K

Previous: $372K+50.3%
Free Cash Flow

-$425K

Previous: -$3.5M+87.9%
Net Income

-$24.5M

Previous: -$26.3M+6.8%
Operating Income

-$27.3M

Previous: -$25.7M-6.2%
Gross Profit

$45.2M

Previous: $42.2M+7.1%
Cash & Equivalents

$281M

Previous: $566M-50.4%
Total Assets

$915M

Previous: $983M-6.9%
Stock-Based Comp

$13.4M

Previous: $6.8M+97.5%

Revenue & EPS history

ACV Auctions · Revenue · Quarterly

$98M

Q4 2022-2.2%vs Q4 2021
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Revenue by segment

ACV Auctions · $85M total across 1 segment · Q4 2022

  • Marketplace and Service
    $85M-2.0%

Forward guidance

ACV expects 2023 revenue of $460 million to $470 million, representing growth of 9% to 11% YoY; expects 2023 Adjusted EBITDA loss of $30 million to $35 million

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 2022

Historical avgQ4 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

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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