ACV Auctions reaffirms FY revenue forecast after beating estimates in Q1

ACV Auctions

06/05/2026 21:32

Overview

U.S. digital auto marketplace's Q1 revenue rose 12% yr/yr, beating analyst expectations

Q1 adjusted EBITDA exceeded estimates, driven by market share gains and service adoption

Company authorized $100 mln share buyback, including $50 mln accelerated repurchase program

Outlook

ACV Auctions sees Q2 revenue of $213 mln to $217 mln

Company reaffirms 2026 revenue guidance of $845 mln to $855 mln

Dealer wholesale market expected to decline mid-single digits in 2026, higher than previously expected

Result Drivers

MARKET SHARE GAINS - Co said continued market share gains in dealer wholesale drove Q1 results

SERVICE ADOPTION - Strong adoption of Marketplace Services contributed to revenue growth, per CEO George Chamoun

AI SOLUTION LAUNCH - Launch of AI-powered VIPER with select dealer partners supported wallet share expansion and unit growth

Company press release: ID:nBw6qqpsja

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$204.20 mln
$201.66 mln (11 Analysts)
Q1 Net Income
-$10.89 mln
Q1 Adjusted EBITDA
Beat
$17 mln
$14.68 mln (10 Analysts)
Q1 Basic EPS
-$0.06
Q1 Operating Expenses
$213.43 mln
Q1 Operating Income
-$9.24 mln
Q1 Pretax Profit
-$10.36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 8 "strong buy" or "buy", 4 "hold" and 1 "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 $8.00, about 48.1% above its May 5 closing price of $5.40

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)