ACV Auctions Inc - Class A

ACV Auctions posted a mixed second quarter for 2025, delivering 20.6% revenue growth to $193.70 million while falling short of Wall Street's expectations on both top and bottom lines. The company reported a GAAP loss per share of $0.04, a significant miss against the $0.07 consensus estimate, as revenue also came in $2.27 million below forecasts. The most material drag was a softening dealer wholesale market in the back half of the quarter, with weakening retail demand and elevated trade retention rates at dealerships weighing on volumes despite 210,429 units transacted and $2.70 billion in marketplace GMV. Profitability momentum was nonetheless real, with Adjusted EBITDA more than doubling to $18.58 million from $7.08 million a year ago and the GAAP net loss narrowing sharply to $7.30 million. The company recently expanded its No Reserve Sale to four days a week, signaling continued investment in dealer engagement. Looking ahead, ACV trimmed its full-year revenue guidance to $765 million to $775 million, citing macroeconomic crosscurrents, while keeping Adjusted EBITDA guidance steady, a trend worth watching alongside broader <a href="https://247wallst.com/investing/2025/07/30/live-will-carvanas-nyse-cvna-q2-earnings-continue-its-epic-rally/">used vehicle marketplace results</a> this earnings season.