Companies /Consumer Cyclical

ACV Auctions Inc - Class A

NASDAQ: ACVA Auto & Truck Dealerships
$6.75
▼ $0.28 (−3.98%) today
Markets closed · 6:01pm ET

Q4 2025 Earnings

Reported Feb 23, 2026, 4:09pm ET · SEC source
$-0.11
Miss −787.10%
EPS · est. $-0.01
$183.6M
Beat +0.93%
Revenue · est. $182.0M
−2.7%
Trailing market
ACVA vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−16%−8%0+8%Feb 23Feb 24report 4:09pm ETearnings+0.7%−18.4%
−16%−8%0+8%Feb 23Feb 24earnings+0.7%−18.4%
ACVA −18.4%S&P 500 +0.7%
−16%−8%0+8%Feb 23Feb 24report 4:09pm ETearnings+1.0%−18.4%
−16%−8%0+8%Feb 23Feb 24earnings+1.0%−18.4%
ACVA −18.4%NASDAQ +1.0%
−20%−10%0Feb 23Mar 3report 4:09pm ETearnings−0.6%−9.8%
−20%−10%0Feb 23Mar 3earnings−0.6%−9.8%
ACVA −9.8%S&P 500 −0.6%
−20%−10%0Feb 23Mar 3report 4:09pm ETearnings−0.2%−9.8%
−20%−10%0Feb 23Mar 3earnings−0.2%−9.8%
ACVA −9.8%NASDAQ −0.2%
−16.37%
Day of report
−5.05%
Next session
+16.63%
One week
−8.84%
30 days

S&P 500 over the same 30 days: −6.15%.

Did ACVA Beat Earnings? Q4 2025 Results

ACV Auctions delivered a mixed Q4 2025 report, beating on revenue while posting a deeper-than-expected loss that rattled investors. The digital wholesale auto marketplace posted revenue of $183.65 million, a 15.1% year-over-year gain that edged past the $181.36 million consensus, yet its GAAP loss per share of $-0.11 fell well short of the $-0.01 estimate, a miss of 1,000%. The outsized loss was driven in part by an $18.71 million charge tied to a bankruptcy at an ACV Capital customer, a one-time hit that weighed heavily on the bottom line. On an adjusted basis, the picture was more constructive, with Adjusted EBITDA exceeding the high end of guidance and full-year non-GAAP net income swinging to $29.85 million from $10.97 million in 2024. Investors in <a href="https://247wallst.com/investing/2026/02/18/live-analysis-will-carvana-soar-after-earnings-tonight/">adjacent used-car marketplace names</a> will note ACV's 2026 revenue guidance of $845 million to $855 million, implying 11% to 13% growth, alongside Adjusted EBITDA expected to rise roughly 28% at the midpoint to $73 million to $77 million.

Key Takeaways
  • Market share gains in wholesale digital marketplace
  • 15% year-over-year revenue growth in Q4
  • Marketplace Units grew 5% YoY to 192,757 in Q4
  • Marketplace GMV of $2.3 billion, up 2% YoY in Q4
  • Accelerating adoption of dealer solutions suite
  • Continued margin expansion with Adjusted EBITDA exceeding high-end of guidance

“We are very pleased with our fourth quarter results, with revenue at the high-end of guidance and Adjusted EBITDA above the high-end of guidance, along with continued margin expansion. ACV's leading market position resulted in additional share gains and strong revenue growth in the quarter. Adoption of our suite of dealer solutions accelerated and we further executed on initiatives to support our commercial wholesale strategy.”

ACV Auctions CEO, on the earnings call

Forward Guidance & Outlook

For Q1 2026, ACV expects revenue of $200M–$204M (9%–12% YoY growth), GAAP net loss of ($14M)–($12M), non-GAAP net income of $5M–$7M, and Adjusted EBITDA of $14M–$16M. For full-year 2026, the company guides revenue of $845M–$855M (11%–13% YoY growth), GAAP net loss of ($54M)–($50M), non-GAAP net income of $31M–$35M, and Adjusted EBITDA of $73M–$77M (24%–31% YoY growth). Conversion rates and wholesale price depreciation are expected to follow normal seasonal patterns, and revenue growth is expected to outpace non-GAAP operating expense growth by approximately 300 basis points.

ACVA YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$60.0M$120.0M$180.0M$159.5M$183.6MRevenue$-13,643,174$-17,848,000Operating Income$-15,628,795$-19,561,000Net Income
$0$60.0M$120.0M$180.0MRevenueOperating IncomeNet Income

ACVA Revenue by Segment

Marketplace and Service Revenue$159.5M+11.0%
Marketplace and Service
Customer Assurance Revenue$24.1M
Customer Assurance

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