ACV Auctions Q3 revenue up 16%

ACV Auctions

05/11/2025 21:49

Overview

ACV Auctions Q3 revenue grows 16% yr/yr to $200 mln, driven by market share gains

Adjusted EBITDA for Q3 misses analyst expectations

Company updates guidance due to challenging market conditions

Outlook

ACV Auctions expects Q4 revenue of $180 mln to $184 mln, up 13% to 15% YoY

Company forecasts full-year 2025 revenue of $756 mln to $760 mln, growth of 19% YoY

Company anticipates mid-single digit decline in dealer wholesale market for Q4

Result Drivers

MARKET SHARE GAINS - Record revenue driven by increased market share and record unit volume, per CEO George Chamoun

MARKETPLACE SERVICES - Strong adoption of Marketplace Services contributed to revenue growth

COMMERCIAL WHOLESALE STRATEGY - Company executed initiatives to support commercial wholesale strategy

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Net Income
-$24.47 mln
Q3 Adjusted EBITDA
Miss
$19 mln
$19.40 mln (12 Analysts)
Q3 Basic EPS
-$0.14


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 is $17.50, about 48.9% above its November 4 closing price of $8.95

Press Release: ID:nBw2dB2W5a

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(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.)