ACV Auctions Q2 adjusted core profit beats, partly on Marketplace Services strength
ACVA•Overview
- US digital auto marketplace's Q2 revenue grew 10% yr/yr to record level
- Q2 adjusted EBITDA beat analyst expectations
- Company reaffirmed 2026 guidance amid dealer wholesale market headwinds
Outlook and result drivers
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ACV sees Q3 revenue of $219 mln to $225 mln and adjusted EBITDA of $21 mln to $24 mln
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Company reaffirms 2026 revenue guidance of $845 mln to $855 mln and adjusted EBITDA of $73 mln to $77 mln
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Company expects dealer wholesale market to stabilize in the second half of 2026
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Market share gains - Co said Q2 results were driven by market share gains in dealer wholesale
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Service adoption - Strong adoption of Marketplace Services contributed to revenue growth
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AI solutions expansion - Continued expansion of AI-powered dealer solutions, including VIPER, supported wallet share expansion and unit growth
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