Companies /Consumer Cyclical

ACV Auctions Inc - Class A

NASDAQ: ACVA Auto & Truck Dealerships
$6.76
▼ $0.28 (−3.91%) today
Markets open · 4:15pm ET

Q2 2026 Earnings

Reported Aug 10, 2026, 4:11pm ET · SEC source
$0.06
Beat +18.11%
EPS · est. $0.05 Adjusted
$213.9M
Miss −0.44%
Revenue · est. $214.9M
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+20%+40%Aug 10Aug 11report 4:11pm ETearnings−0.3%+16.9%
0+20%+40%Aug 10Aug 11earnings−0.3%+16.9%
ACVA +16.9%S&P 500 −0.3%
0+20%+40%Aug 10Aug 11report 4:11pm ETearnings−0.3%+17.3%
0+20%+40%Aug 10Aug 11earnings−0.3%+17.3%
ACVA +17.3%NASDAQ −0.3%
0+20%Aug 10Aug 18report 4:11pm ETearnings−0.7%+20.1%
0+20%Aug 10Aug 18earnings−0.7%+20.1%
ACVA +20.1%S&P 500 −0.7%
0+20%Aug 10Aug 18report 4:11pm ETearnings−0.5%+20.1%
0+20%Aug 10Aug 18earnings−0.5%+20.1%
ACVA +20.1%NASDAQ −0.5%
+0.00%
Day of report
+6.89%
Next session
+5.10%
One week

Did ACVA Beat Earnings? Q2 2026 Results

ACV Auctions delivered a mixed but largely encouraging second quarter, beating on the bottom line while coming in fractionally light on revenue. The digital automotive marketplace posted adjusted EPS of $0.06, clearing the $0.05 consensus by 18.11%, even as revenue of $213.94 million edged 0.44% below estimates; on a year-over-year basis, the top line still grew 10.4%, with Marketplace and Service Revenue up 8% to $189.25 million. The key profit driver was Adjusted EBITDA of $20.77 million, which came in above the high end of prior guidance and improved from $18.58 million a year ago, helping offset a slightly wider GAAP net loss of $8.23 million. The quarter also brought a notable leadership change, with CFO Bill Zerella set to depart and Tim Fox stepping into the role on August 11. Looking ahead, management reaffirmed full-year 2026 revenue guidance of $845 million to $855 million, pointing to dealer wholesale market stabilization and continued adoption of AI-powered tools like VIPER as key growth levers; analysts currently maintain a buy-equivalent rating with a $9.37 price target.

Key Takeaways
  • Market share gains in dealer wholesale
  • Strong adoption of Marketplace Services
  • Expansion of VIPER with dealer partners
  • Commercial wholesale strategy gaining wallet share with captives, banks, fleet companies, and auto finance providers

“ACV delivered solid financial results in Q2-26, reporting another record revenue quarter with Adjusted EBITDA above the high-end of guidance. Results were driven by market share gains in dealer wholesale and strong adoption of our Marketplace Services.”

ACV Auctions CEO, on the earnings call

Forward Guidance & Outlook

ACV reaffirmed full-year 2026 guidance: total revenue of $845 million to $855 million (11%-13% YoY growth), Adjusted EBITDA of $73 million to $77 million, GAAP net loss of ($49) million to ($44) million, and non-GAAP net income of $32 million to $37 million. For Q3 2026, the company guided total revenue of $219 million to $225 million (10%-13% YoY growth), Adjusted EBITDA of $21 million to $24 million, GAAP net loss of ($11) million to ($7) million, and non-GAAP net income of $11 million to $15 million. Key assumptions include dealer wholesale market stabilization in the back half of 2026, normal seasonal patterns for conversion rates and wholesale price depreciation, and non-GAAP operating expense growth of approximately 6% year-over-year.

ACVA YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$70.0M$140.0M$210.0M$193.7M$213.9MRevenue$-5,213,417$-6,046,000Operating Income$-9,427,065$-8,227,000Net Income
$0$70.0M$140.0M$210.0MRevenueOperating IncomeNet Income

ACVA Revenue by Segment

Marketplace and Service Revenue$189.2M+8.0%
Marketplace and Service
Customer Assurance Revenue$24.7M+39.5%
Customer Assurance

Figures from SEC filings and company reports. Not investment advice.