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

Q1 2026 Earnings

Reported May 6, 2026, 4:13pm ET · SEC source
$0.04
Beat +25.39%
EPS · est. $0.03
$204.2M
Beat +1.24%
Revenue · est. $201.7M
−12.8%
Trailing market
ACVA vs S&P since report
2 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+9%+18%+27%May 6May 7report 4:13pm ETearnings−0.6%+25.7%
0+9%+18%+27%May 6May 7earnings−0.6%+25.7%
ACVA +25.7%S&P 500 −0.6%
0+9%+18%+27%May 6May 7report 4:13pm ETearnings−0.6%+25.7%
0+9%+18%+27%May 6May 7earnings−0.6%+25.7%
ACVA +25.7%NASDAQ −0.6%
−9%0+9%+18%May 5May 14report 4:13pm ETearnings+1.9%+1.2%
−9%0+9%+18%May 5May 14earnings+1.9%+1.2%
ACVA +1.2%S&P 500 +1.9%
−9%0+9%+18%May 5May 14report 4:13pm ETearnings+3.5%+1.2%
−9%0+9%+18%May 5May 14earnings+3.5%+1.2%
ACVA +1.2%NASDAQ +3.5%
+24.52%
Day of report
−1.38%
Next session
−12.00%
One week
−12.00%
30 days

S&P 500 over the same 30 days: +0.75%.

Did ACVA Beat Earnings? Q1 2026 Results

ACV Auctions Inc. posted a strong first quarter for fiscal 2026, beating Wall Street expectations on both the top and bottom lines as the digital wholesale vehicle marketplace continued to win dealer share and deepen its services mix. The company reported earnings per share of $0.04, clearing the $0.03 consensus estimate by 25.39%, while revenue of $204.19 million edged past the $201.70 million forecast and grew 11.8% year over year. The primary engine behind the results was continued market share gains in dealer wholesale paired with robust adoption of Marketplace Services, with Customer Assurance Revenue alone climbing to $21.98 million from $16.76 million a year ago. Adjusted EBITDA of $17.10 million came in above the high end of prior guidance, and operating cash flow strengthened to $76.51 million. Management also authorized a $100 million share repurchase program, planning an initial $50 million accelerated buyback. Looking ahead, ACV reaffirmed full-year 2026 revenue guidance of $845 million to $855 million, though it flagged a steeper-than-expected mid-single-digit decline in the broader dealer wholesale market as a watchpoint for the year.

Key Takeaways
  • Continued market share gains in dealer wholesale
  • Strong adoption of Marketplace Services
  • 12% year-over-year revenue growth
  • Marketplace GMV of $2.7 billion, up 5% YoY
  • Marketplace Units of 213,492, up 3% YoY

“ACV delivered solid financial results in Q1-26, reporting record revenue and Adjusted EBITDA above the high-end of guidance. Results were driven by continued 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 revenue guidance of $845 million to $855 million (11%-13% YoY growth) and Adjusted EBITDA of $73 million to $77 million, with GAAP net loss of ($51) million to ($47) million. For Q2 2026, the company guided revenue of $213 million to $217 million (10%-12% YoY growth), Adjusted EBITDA of $18 million to $20 million, and GAAP net loss of ($14) million to ($12) million. Guidance assumes the dealer wholesale market will decline in the mid-single digits year over year in 2026, a steeper decline than previously expected, with conversion rates and wholesale price depreciation expected to follow normal seasonal patterns. Non-GAAP operating expenses (excluding cost of revenue) are expected to increase approximately 8% year over year.

ACVA YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$60.0M$120.0M$180.0M$182.7M$204.2MRevenue$-6,791,176$-9,236,000Operating Income$-8,610,957$-10,892,000Net Income
$0$60.0M$120.0M$180.0MRevenueOperating IncomeNet Income

ACVA Revenue by Segment

Marketplace and Service Revenue$182.2M+10.0%
Marketplace and Service
Customer Assurance Revenue$22.0M
Customer Assurance

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