ACV Auctions Reports Strong 2024 Financial Performance

Acv Auctions, Inc. ( (ACVA) ) has released its Q4 earnings. Here is a breakdown of the information Acv Auctions, Inc. presented to its investors.

ACV Auctions, Inc. is a prominent digital automotive marketplace and data services company that facilitates the buying and selling of used vehicles, primarily serving dealers and commercial clients. In its recent earnings report, ACV Auctions disclosed robust financial performance for the fourth quarter and full year of 2024, with revenue and adjusted EBITDA surpassing the high-end of their guidance. The company reported fourth-quarter revenue of $160 million, a substantial 35% increase year-over-year, and full-year revenue reaching $637 million, marking a 32% rise from the previous year. Despite a GAAP net loss of $26 million in the fourth quarter and $80 million for the full year, the company achieved a positive adjusted EBITDA of $6 million in the fourth quarter and $28 million annually, reflecting strong operational improvements. Key metrics highlighted include a 38% increase in marketplace and service revenue and a 22% rise in marketplace GMV year-over-year. Looking ahead, ACV Auctions forecasts continued revenue growth of 20% to 23% for 2025, with expectations of achieving adjusted EBITDA growth of approximately 150% at the midpoint of guidance. The company remains optimistic about sustaining market share gains and margin expansion, leveraging its scalable business model in a stable dealer wholesale market.