ACV Auctions Inc
acvauctions.comWhat Do They Do?
Runs an online marketplace for wholesale used vehicles and sells vehicle data and services to dealers and commercial automotive businesses.
10-K for FY2025, filed Feb 23, 2026We provide a highly efficient and vibrant marketplace platform ("marketplace platform" or "marketplace") for wholesale vehicle transactions…View ↗
Digital Marketplace. Connects buyers and sellers of wholesale vehicles in an intuitive and efficient manner. Our core digital marketplace…View ↗
We power our marketplace with technology-driven products and value-added services that address the entire transaction journey, ranging from…View ↗
How Do They Make Money?
Dealers and commercial partners pay auction fees when a vehicle sells, with buyer fees varying by vehicle price and seller fees including a fixed auction fee. They also pay fees for related services, data services, and customer assurance; services are charged when provided.
10-K for FY2025, filed Feb 23, 2026We have historically generated the majority of our revenue from our digital marketplace where we earn auction and ancillary fees from both…View ↗
Revenue Recognition – The Company generates revenue from contracts with customers. Revenue is recognized when control of the promised…View ↗
The following table summarizes the primary components of Marketplace and service revenue. This level of disaggregation takes into…View ↗
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10-K for FY2025, filed Feb 23, 2026
FY2025 revenue by product or service ↗
$759.6M
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10-K for FY2025, filed Feb 23, 2026
$759.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Marketplace and service
Sold outright
10-K for FY2025, filed Feb 23, 2026 |
89%
FY2022: 86%
|
Marketplace and service, FY2025
$678M Sources
|
Sold outright |
|
Customer assurance
|
11%
FY2022: 14%
|
Customer assurance, FY2025
$81.6M Sources
|
Who Are Their Customers?
Dealers and commercial automotive businesses buy and sell vehicles through the marketplace; dealers also purchase data services. ACV supports dealers through account managers, territory managers, and customer visits.
10-K for FY2025, filed Feb 23, 2026Our digital marketplace connects buyers and sellers of wholesale vehicles nationwide, enabling them to transact intuitively and efficiently.View ↗
We offer data services for our dealer and commercial partners that bring transparency and offer insights into the condition and value of…View ↗
Our sales team is responsible for onboarding our dealers and commercial partners and ensuring their success and satisfaction on our…View ↗
Our territory managers also function as sales representatives, where they develop personal relationships with local dealers. Territory…View ↗
The ACV segment provides The Marketplace to facilitate business-to-business used vehicle sales between a seller and a buyer. Customers…View ↗
Do Revenues Turn Into Profits?
Not on paper. It lost $66.1M in FY2025, but brought in more cash than it spent: $69.1M of free cash flow.
10-K for FY2025, filed Feb 23, 2026
−$63.2MView ↗
10-K for FY2025, filed Feb 23, 2026
−$66.1MView ↗
10-K for FY2025, filed Feb 23, 2026
$69.1MView ↗
How Are They Changing?
- Net income
-
Sources
10-Q for Q2 FY2026, filed Aug 10, 2026
−$8.2MView ↗
- ▲ +13% (Loss)
- vs −$7.3M in Q2 FY2025
10-Q for Q2 FY2026, filed Aug 10, 2026
Open tableView ↗
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Sep 10, 2026
Copart agreed to acquire ACV for cash
The agreement provides for a tender offer followed by a merger, subject to closing conditions.
Sources
8-K, filed Sep 10, 2026
On September 10, 2026, ACV Auctions Inc., a Delaware corporation ( “ACV”), entered into an Agreement and Plan of Merger (the “Merger…View ↗
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Aug 10, 2026
ACV appointed a new chief financial officer
Timothy Fox was promoted to CFO, effective August 11, 2026, after William Zerella resigned.
Sources
8-K, filed Aug 10, 2026
On August 10, 2026, the Company announced that it has promoted Timothy Fox, age 61, to Chief Financial Officer, effective as of August 11…View ↗
Growing. Revenue grew 2.1x in 4 years, from $358.4M in FY2021 to $759.6M in FY2025, about 21% a year.
Expanded auction formats
The earlier report described a fixed live-auction format and Run List; the latest report describes auctions in varying formats and emphasizes real-time transactions.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Feb 23, 2026
Added remarketing centers
The latest report adds remarketing centers as another channel for auction services, including vehicle reconditioning and storage for commercial partners.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Feb 23, 2026Digital Marketplace. Connects buyers and sellers of wholesale vehicles in an intuitive and efficient manner. Our core digital marketplace…View ↗
Remarketing CentersView ↗
Our remarketing centers offer expanded value-added services such as vehicle reconditioning and storage to facilitate auction business with…View ↗
New dealer software and tools
The latest report includes ClearCar, an artificial intelligence-powered suite for dealers' trade-in process; the earlier report described Max Digital inventory software.
10-K for FY2022, filed Mar 1, 2023 10-K for FY2025, filed Feb 23, 2026
Who Do They Compete With?
Competes with Manheim, Adesa, and OPENLANE
10-K for FY2025, filed Feb 23, 2026We mainly compete with large, national vehicle auction companies, such as Manheim, a subsidiary of Cox Enterprises, Inc., Adesa, a…View ↗
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