Overview

* ACV Auctions ( ACVA ) Q2 rev grows 21% yr/yr to $194 mln

* Adjusted EBITDA of $19 mln missed analyst expectations, per LSEG data

* Co updates 2025 revenue guidance, maintaining midpoint of Adjusted EBITDA guidance

Outlook

* ACV expects Q3 revenue of $198 mln to $203 mln

* Company forecasts full-year revenue of $765 mln to $775 mln

* ACV anticipates Q3 GAAP net loss of $13 mln to $11 mln

* Company sees full-year Adjusted EBITDA of $68 mln to $72 mln

Result Drivers

* MARKET SHARE GAINS - Co attributes record revenue to continued market share gains and strong adoption of Marketplace Services

* DEALER SOLUTIONS - Suite of dealer solutions gained further market traction, supporting commercial wholesale strategy

* WHOLESALE MARKET - Dealer wholesale market grew modestly with decelerating demand, prompting updated revenue guidance

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net -$7.30

Income mln

Q2 Miss $19 mln $19.40

Adjusted mln (12

EBITDA Analysts

)

Q2 Basic -$0.04

EPS

Q2 $200.90

Operatin mln

g

Expenses

Q2 -$7.20

Operatin mln

g Income

Q2 -$7.33

Pretax mln

Profit

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the online services peer group is "buy"

* Wall Street's median 12-month price target for ACV Auctions Inc ( ACVA ) is $23.50, about 42% above its August 8 closing price of $13.62

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)