ACV Auctions Reports $204.2 Million Revenue with 11.7% Year-Over-Year Growth

ACV Auctions Inc. reported a total revenue of $204.2 million for the three months ended March 31, 2026, marking a 11.7% increase from $182.7 million in the same period last year. The growth was primarily driven by a rise in marketplace and service revenue, which increased to $182.2 million from $165.9 million, and customer assurance revenue, which rose to $22.0 million from $16.8 million. The company recorded a net loss of $10.9 million, an improvement from the $14.8 million loss reported in the prior year, resulting in a net loss per share of $0.06 compared to $0.09.

In terms of operational metrics, ACV Auctions facilitated the sale of 213,492 vehicles during the quarter, a slight increase from 208,025 vehicles in the previous year. The company's marketplace gross merchandise value (GMV) reached $2.7 billion, up from $2.6 billion, indicating a healthy demand for its services. The increase in revenue was attributed to higher auction marketplace revenue and a significant rise in other marketplace revenue, which includes transportation and financing services. The average revenue per marketplace unit also increased, reflecting higher buyer rates and the adoption of additional services.

ACV Auctions has continued to invest in its growth strategy, which includes expanding its marketplace platform and enhancing its technology offerings. The company reported a 5% increase in operating expenses to $213.4 million, driven by higher costs associated with marketplace operations and technology investments. Notably, selling, general, and administrative expenses decreased by 5% to $56.2 million, reflecting improved cost management. The company’s employee headcount has also grown, supporting its expansion efforts.

Looking ahead, ACV Auctions remains focused on increasing its market share and expanding its customer base. The company plans to enhance its marketing efforts to attract new buyers and sellers while continuing to improve its technology and service offerings. Management anticipates that the ongoing transition to digital transactions in the wholesale automotive market will provide significant growth opportunities. However, the company acknowledges potential challenges, including macroeconomic conditions and competition, which could impact its performance in the near term.