# ACV Auctions Inc. (ACVA)

> Source: Nexqual · https://nexqual.com/ACVA · data as of 2026-10-15 20:00 UTC · cite as "Nexqual, ACV Auctions Inc. (ACVA), nexqual.com/ACVA" · informational, not investment advice.

**Price:** USD 10.5 (+0.00% on the day) · last close of Oct 15, 2026; US market pre market, not a live price. Prev close 10.5 · day 10.49–10.51 · 52w 4.07–10.51 · market cap $1.78B · NYQ

## Key facts
- Last four reported quarters (through Jun 30, 2026): revenue $801M, net income -$63.1M (-7.9% margin), free cash flow $29.1M (SEC filings).
- Total return with dividends: 1Y +12.2% vs S&P 500 +14.9%; 5Y -47.2% vs S&P 500 +80.3%.
- Next earnings: 2026-11-04, EPS estimate USD 0.07, revenue estimate $223M.

## Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $358M | $422M | $481M | $637M | $760M | $801M |
| Operating income | -$76.8M | -$106M | -$89.7M | -$84.1M | -$63.2M | -$56.8M |
| Net income | -$78.2M | -$102M | -$75.3M | -$79.7M | -$66.1M | -$63.1M |
| EPS (diluted) | -$0.62 | -$0.65 | -$0.47 | -$0.48 | -$0.39 | — |
| Free cash flow | $82.7M | -$78.4M | -$20.2M | $60.9M | $69.1M | $29.1M |
| Operating margin | -21.4% | -25.2% | -18.6% | -13.2% | -8.3% | -7.1% |
| Net margin | -21.8% | -24.2% | -15.6% | -12.5% | -8.7% | -7.9% |
| Revenue growth | +72.0% | +17.6% | +14.2% | +32.4% | +19.2% | — |
| Cash + short-term investments | $566M | $281M | $411M | $270M | $271M | — |
| Total debt | $500K | $75.5M | — | — | — | — |
Fiscal years end Dec. EPS is split-adjusted.

## Valuation (price ÷ last four quarters, through Jun 30, 2026)
P/S 2.2x · P/FCF 61.2x · P/B 4.6x · FCF yield 1.63% · Earnings yield -3.54%

## Analysts
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-09-15 | CJS Securities | Downgrade | Market Outperform → Market Perform |  |
| 2026-09-14 | Citigroup | Target raised | Neutral | $8.5 → $10.5 |
| 2026-09-11 | Barrington Research | Downgrade | Outperform → Underperform |  |
| 2026-09-11 | Needham | Downgrade | Buy → Hold |  |
| 2026-08-17 | Citigroup | Target raised | Neutral | $7 → $8.5 |
| 2026-08-11 | Barclays | Downgrade | Equal-Weight → Underweight | $8 → $6 |
| 2026-07-22 | Barclays | Target raised | Equal-Weight | $7 → $8 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-18) |
|---|---|---|
| Total return | +12.2% | -47.2% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | +12.4% | -12.0% |
| Volatility (annualized) | 85.7% | 62.9% |
| Max drawdown | -56.4% (Oct 2025→Mar 2026) | -81.7% (Nov 2024→Mar 2026) |

## Peers (Auto & Truck Dealerships)
DRVN (Driven Brands Holdings Inc.) USD 11.82 +3.50% · SAH (Sonic Automotive, Inc.) USD 63.14 +4.05% · BGSI (Boyd Group Services Inc.) USD 83.44 +4.31% · GPI (Group 1 Automotive, Inc.) USD 242.79 +7.98% · ABG (Asbury Automotive Group Inc) USD 173.43 +5.72% · VVV (Valvoline Inc.) USD 32.44 +4.24%

## More
Full page: https://nexqual.com/ACVA · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in ACVA's own 10-K filed 2026-02-23 (https://www.sec.gov/Archives/edgar/data/1637873/000163787326000011/acva-20251231.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | FedEx (FDX) | "For example, we rely on FedEx to ship and deliver titles in connection with vehicle sales through our marketplace, and the disruption to FedEx's service as a result of a natural disaster could have an adverse effect on o…" |
| Customer | ACV Transportation | "Our comprehensive suite of services includes ACV Transportation, ACV Capital, and our Customer Assurance offerings, which help create a seamless and frictionless buying and selling experience for our customers to further…" |
| Customer | ACV Capital | "Our comprehensive suite of services includes ACV Transportation, ACV Capital, and our Customer Assurance offerings, which help create a seamless and frictionless buying and selling experience for our customers to further…" |

## Revenue by product line (quarter ended 2026-06-30)

| Line | Revenue | Share | YoY |
|---|---|---|---|
| Marketplace and service | $189.2M | 88.5% | +7.5% |
| — Auction marketplace revenue (part of Marketplace and service) | $92.4M | 43.2% | +0.1% |
| — Other marketplace revenue (part of Marketplace and service) | $88.3M | 41.3% | +17.1% |
| — Data services revenue (part of Marketplace and service) | $8.5M | 4.0% | +2.5% |
| Customer assurance | $24.7M | 11.5% | +39.5% |
| Total revenue | $213.9M | 100% | — |

## Company outlook (8-K filed 2026-08-10)

- "Reaffirms 2026 Guidance • Second quarter revenue of $214 million • Second quarter GAAP net income (loss) of ($8) million • Second quarter non-GAAP net income of $10 million • Second quarter Adjusted EBITDA of $21 million • Reaffirms 2026 revenue guidance of $845 million to $855 million and Adjusted EBITDA of $73 million to $77 million;"
- "And, despite the uncertain macroeconomic backdrop we are reaffirming our 2026 revenue and Adjusted EBITDA guidance," concluded Zerella."

Analysts expect $222.7M for the current quarter, -73.8% vs the guidance midpoint $850.0M. Source: https://www.sec.gov/Archives/edgar/data/1637873/000163787326000031/q2-26earningspressrelease.htm

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.07 | $0.08 | -3.9% | $222.7M | 6 |
| Next quarter (ends 2026-12-31) | $0.02 | $0.03 | -41.0% | $206.9M | 6 |
| Current fiscal year (ends 2026-12-31) | $0.19 | $0.20 | -2.0% | $847.6M | 6 |
| Next fiscal year (ends 2027-12-31) | $0.31 | $0.33 | -7.0% | $937.5M | 6 |

## Options: expected move (Cboe, 15-min delayed)

| Expiration | Days | ATM IV | Expected move |
|---|---|---|---|
| 2026-11-20 | 28 | 0.0% | ±5.0% |
| 2027-02-19 | 119 | 0.0% | ±5.2% |