ACV Auctions Inc (NASDAQ: ACVA) is a digital wholesale vehicle marketplace company that connects dealers and commercial partners to buy and sell used vehicles through an online auction platform. Revenue comes from transaction fees on wholesale vehicle sales and fees for value-added services including transportation, financing, and data products. In FY2025, the platform had 22,062 active Marketplace Buyers and 14,905 active Marketplace Sellers generating $10.4 billion in Marketplace GMV, up 9% from the prior year. ACV operates a digital-first model, supplemented by physical remarketing centers, and competes in a wholesale used-vehicle auction market that includes traditional physical auction operators. The company has a history of operating losses and does not pay dividends. Key products include its core online auction, ACV Transportation, ACV Capital, Customer Assurance offerings, True360 vehicle condition reports, ACV Market Report, and proprietary inspection hardware called Apex.

Revenue model

Transaction fees on wholesale vehicle auctions conducted through its digital marketplace, plus fees for value-added services including ACV Transportation (logistics), ACV Capital (financing), Customer Assurance products, and data services such as True360 reports and ACV Market Reports sold to dealers and commercial partners.

Products and services

Core online wholesale vehicle auction platform; ACV Transportation; ACV Capital; Customer Assurance offerings including Go Green seller assurance; True360 proprietary vehicle condition and inspection reports; ACV Market Report (pricing and transaction data); Apex wireless sensor suite for engine diagnostics; vehicle intelligence and pricing analytics; inventory management software; remarketing centers.

Customers and end markets

Franchised and independent automotive dealers (buyers and sellers); commercial partners including fleet and finance companies with used vehicle inventory. End market is the U.S. wholesale used-vehicle market.

Value-chain role

Digital marketplace intermediary and data services provider sitting between wholesale vehicle sellers and buyers; also provides ancillary transaction services including financing, transportation, and condition reporting.

Geographic exposure

United States (nationwide per 10-K FY2025 disclosures); no material international revenue disclosed in the filing excerpts.

Source: SEC 10-K, filed 2026-02-23

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