$ACVA
ACV Auctions Inc.

2022 Q2 Form 10-Q Financial Statement

#000095017022016519 Filed on August 10, 2022

View on sec.gov

Income Statement

Concept 2022 Q2 2022 Q1 2021 Q4
Revenue $115.1M $103.1M $100.2M
YoY Change 18.18% 49.18% 86.34%
Cost Of Revenue $64.47M $60.89M $58.02M
YoY Change 19.57% 56.52% 91.12%
Gross Profit $50.60M $42.18M $42.15M
YoY Change 16.45% 39.71% 80.07%
Gross Profit Margin 43.98% 40.92% 42.08%
Selling, General & Admin $36.14M $36.05M $37.18M
YoY Change 31.37% 50.44% 128.36%
% of Gross Profit 71.43% 85.48% 88.19%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $2.586M $2.515M $2.532M
YoY Change 40.7% 33.0% 45.52%
% of Gross Profit 5.11% 5.96% 6.01%
Operating Expenses $139.8M $132.2M $67.85M
YoY Change 31.03% 53.28% 91.66%
Operating Profit -$24.74M -$29.09M -$25.69M
YoY Change 165.16% 69.78% 114.28%
Interest Expense $238.0K $210.0K -$171.0K
YoY Change -5.18% 0.0% 14.0%
% of Operating Profit
Other Income/Expense, Net $400.0K -$166.0K
YoY Change -294.17% -9.78%
Pretax Income -$24.34M -$29.26M -$25.86M
YoY Change 155.23% 68.94% 112.86%
Income Tax $176.0K $240.0K $449.0K
% Of Pretax Income
Net Earnings -$24.52M -$29.50M -$26.31M
YoY Change 152.94% 69.76% 114.62%
Net Earnings / Revenue -21.3% -28.62% -26.27%
Basic Earnings Per Share -$0.16 -$0.19
Diluted Earnings Per Share -$0.16 -$188.9K -$168.6K
COMMON SHARES
Basic Shares Outstanding 156.7M 156.1M
Diluted Shares Outstanding 156.7M 156.1M

Balance Sheet

Concept 2022 Q2 2022 Q1 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $511.9M $564.3M $579.8M
YoY Change -25.9% -16.48% 148.05%
Cash & Equivalents $303.9M $543.2M $566.0M
Short-Term Investments $208.0M $21.08M $13.77M
Other Short-Term Assets $11.51M $16.79M $10.62M
YoY Change -6.0% 30.72% 32.11%
Inventory
Prepaid Expenses
Receivables $225.9M $228.1M $222.8M
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $826.6M $872.5M $857.4M
YoY Change -11.81% -0.52% 141.93%
LONG-TERM ASSETS
Property, Plant & Equipment $5.620M $5.579M $4.916M
YoY Change 5.48% 1.45% 0.08%
Goodwill $90.68M $97.39M $78.84M
YoY Change 315.59% 346.32% 261.32%
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $2.332M $2.404M $2.554M
YoY Change 92.41% 87.81% 18.96%
Total Long-Term Assets $150.9M $146.8M $125.5M
YoY Change 191.84% 189.27% 150.37%
TOTAL ASSETS
Total Short-Term Assets $826.6M $872.5M $857.4M
Total Long-Term Assets $150.9M $146.8M $125.5M
Total Assets $977.5M $1.019B $983.0M
YoY Change -1.16% 9.86% 142.98%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $356.5M $389.2M $396.0M
YoY Change -3.02% 32.66% 160.56%
Accrued Expenses $12.00M $11.31M $11.96M
YoY Change -2.56% -4.62% 47.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $385.9M $422.1M $423.4M
YoY Change -1.14% 33.06% 153.96%
LONG-TERM LIABILITIES
Long-Term Debt $70.50M $60.50M $500.0K
YoY Change 14000.0% 816.67%
Other Long-Term Liabilities $1.470M $1.376M $952.0K
YoY Change -71.82% -73.21% -81.16%
Total Long-Term Liabilities $1.470M $1.376M $952.0K
YoY Change -71.82% -73.21% -81.16%
TOTAL LIABILITIES
Total Short-Term Liabilities $385.9M $422.1M $423.4M
Total Long-Term Liabilities $1.470M $1.376M $952.0K
Total Liabilities $461.8M $485.7M $426.9M
YoY Change 16.33% 47.14% 139.93%
SHAREHOLDERS EQUITY
Retained Earnings -$299.2M -$274.7M -$245.2M
YoY Change 54.18% 48.98% 46.82%
Common Stock $0.00
YoY Change -100.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $515.7M $533.6M $556.1M
YoY Change
Total Liabilities & Shareholders Equity $977.5M $1.019B $983.0M
YoY Change -1.16% 9.86% 142.98%

Cashflow Statement

Concept 2022 Q2 2022 Q1 2021 Q4
OPERATING ACTIVITIES
Net Income -$24.52M -$29.50M -$26.31M
YoY Change 152.94% 69.76% 114.62%
Depreciation, Depletion And Amortization $2.586M $2.515M $2.532M
YoY Change 40.7% 33.0% 45.52%
Cash From Operating Activities -$41.10M -$31.46M -$3.127M
YoY Change -252.47% -168.59%
INVESTING ACTIVITIES
Capital Expenditures -$5.808M $748.0K -$3.286M
YoY Change 77.56% 8.09%
Acquisitions $18.91M
YoY Change
Other Investing Activities -$202.4M -$45.74M -$28.33M
YoY Change 1812.25% 504.28%
Cash From Investing Activities -$208.2M -$50.43M -$31.62M
YoY Change 1402.68% 377.69%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 9.996M 59.14M -910.0K
YoY Change -218.14% -84.86%
NET CHANGE
Cash From Operating Activities -41.10M -31.46M -3.127M
Cash From Investing Activities -208.2M -50.43M -31.62M
Cash From Financing Activities 9.996M 59.14M -910.0K
Net Change In Cash -239.3M -22.75M -35.66M
YoY Change -5258.03% -105.34%
FREE CASH FLOW
Cash From Operating Activities -$41.10M -$31.46M -$3.127M
Capital Expenditures -$5.808M $748.0K -$3.286M
Free Cash Flow -$35.29M -$32.20M $159.0K
YoY Change -216.75% -171.29%

Facts In Submission

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ACV Auctions Inc.
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us-gaap Stock Issued During Period Value Restricted Stock Award Net Of Forfeitures
StockIssuedDuringPeriodValueRestrictedStockAwardNetOfForfeitures
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acva Common Stock To Be Issued And Held In Escrow Amount
CommonStockToBeIssuedAndHeldInEscrowAmount
0
us-gaap Stock Issued During Period Value Employee Stock Purchase Plan
StockIssuedDuringPeriodValueEmployeeStockPurchasePlan
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CY2022Q2 us-gaap Stockholders Equity
StockholdersEquity
515665000
CY2021Q1 us-gaap Stockholders Equity
StockholdersEquity
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CY2021Q2 acva Other Offering Costs In Connection With Initial Public Offering Amount
OtherOfferingCostsInConnectionWithInitialPublicOfferingAmount
26000
acva Stock Issued During Period Value Conversion Of Class B Common Stocks To Class A Common Stocks
StockIssuedDuringPeriodValueConversionOfClassBCommonStocksToClassACommonStocks
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CY2021Q2 us-gaap Net Income Loss
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CY2021Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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3764000
CY2021Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
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CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
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CY2020Q4 us-gaap Stockholders Equity
StockholdersEquity
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us-gaap Stock Issued During Period Value Conversion Of Convertible Securities
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acva Sale Of Common Stock To Underwriters
SaleOfCommonStockToUnderwriters
0
acva Reclassification Of Common Stock Amount
ReclassificationOfCommonStockAmount
0
acva Stock Issued During Period Value Conversion Of Class B Common Stocks To Class A Common Stocks
StockIssuedDuringPeriodValueConversionOfClassBCommonStocksToClassACommonStocks
0
us-gaap Net Income Loss
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us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
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6630000
us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
679000
CY2021Q2 us-gaap Stockholders Equity
StockholdersEquity
592002000
us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5101000
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3728000
us-gaap Share Based Compensation
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16293000
us-gaap Share Based Compensation
ShareBasedCompensation
6630000
acva Provision For Bad Debt
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acva Provision For Bad Debt
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1589000
us-gaap Other Noncash Income Expense
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Accounts Receivable
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us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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134000
us-gaap Increase Decrease In Prepaid Deferred Expense And Other Assets
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4209000
us-gaap Increase Decrease In Accounts Payable
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us-gaap Increase Decrease In Accounts Payable
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215286000
us-gaap Increase Decrease In Employee Related Liabilities
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us-gaap Increase Decrease In Employee Related Liabilities
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4208000
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895000
us-gaap Increase Decrease In Other Accrued Liabilities
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1532000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
739000
us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
2182000
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213000
us-gaap Increase Decrease In Other Noncurrent Liabilities
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163000
us-gaap Increase Decrease In Other Current Assets
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209000
us-gaap Increase Decrease In Other Current Assets
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218000
us-gaap Net Cash Provided By Used In Operating Activities
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-72552000
us-gaap Net Cash Provided By Used In Operating Activities
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72814000
us-gaap Increase Decrease In Finance Receivables
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33892000
us-gaap Increase Decrease In Finance Receivables
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18153000
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1809000
us-gaap Payments To Acquire Property Plant And Equipment
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1664000
us-gaap Payments For Software
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8689000
us-gaap Payments For Software
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4597000
us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
197312000
us-gaap Payments To Acquire Marketable Securities
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0
acva Maturities And Redemptions Of Marketable Securities
MaturitiesAndRedemptionsOfMarketableSecurities
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acva Maturities And Redemptions Of Marketable Securities
MaturitiesAndRedemptionsOfMarketableSecurities
0
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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18913000
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
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0
us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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us-gaap Proceeds From Issuance Initial Public Offering
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0
us-gaap Proceeds From Issuance Initial Public Offering
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385852000
us-gaap Proceeds From Issuance Of Long Term Debt
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130000000
us-gaap Proceeds From Issuance Of Long Term Debt
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5250000
acva Payments Towards Long Term Debt
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acva Payments Towards Long Term Debt
PaymentsTowardsLongTermDebt
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us-gaap Proceeds From Stock Options Exercised
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759000
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
679000
acva Payment Of Rsu Tax Withholdings In Exchange For Common Shares Surrendered By Rsu Holders
PaymentOfRsuTaxWithholdingsInExchangeForCommonSharesSurrenderedByRsuHolders
2556000
acva Payment Of Rsu Tax Withholdings In Exchange For Common Shares Surrendered By Rsu Holders
PaymentOfRsuTaxWithholdingsInExchangeForCommonSharesSurrenderedByRsuHolders
0
acva Proceeds From Employee Stock Purchase Plan
ProceedsFromEmployeeStockPurchasePlan
930000
acva Proceeds From Employee Stock Purchase Plan
ProceedsFromEmployeeStockPurchasePlan
0
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
69133000
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
382199000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-18000
us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
0
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-262052000
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
430599000
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
565994000
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
233725000
CY2022Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
303942000
CY2021Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
664324000
us-gaap Interest Paid Net
InterestPaidNet
201000
us-gaap Interest Paid Net
InterestPaidNet
185000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
299000
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
112000
acva Cash Paid Included In Measurement Of Operating Lease Liabilities
CashPaidIncludedInMeasurementOfOperatingLeaseLiabilities
662000
acva Cash Paid Included In Measurement Of Operating Lease Liabilities
CashPaidIncludedInMeasurementOfOperatingLeaseLiabilities
0
acva Stock Issuance Costs In Accounts Payable
StockIssuanceCostsInAccountsPayable
0
acva Stock Issuance Costs In Accounts Payable
StockIssuanceCostsInAccountsPayable
140000
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
750000
us-gaap Capitalized Computer Software Additions
CapitalizedComputerSoftwareAdditions
0
acva Noncash Or Part Noncash Acquisition Fixed Assets And Intangible Assets Acquired
NoncashOrPartNoncashAcquisitionFixedAssetsAndIntangibleAssetsAcquired
288000
acva Noncash Or Part Noncash Acquisition Fixed Assets And Intangible Assets Acquired
NoncashOrPartNoncashAcquisitionFixedAssetsAndIntangibleAssetsAcquired
858000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
3219000
us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1443000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
3198000
us-gaap Number Of Operating Segments
NumberOfOperatingSegments
1
CY2022Q2 us-gaap Deferred Offering Costs
DeferredOfferingCosts
3900000
CY2020Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2093000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
1833000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Period Increase Decrease
AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease
693000
CY2022Q2 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
209092000
us-gaap Debt Securities Trading Unrealized Gain
DebtSecuritiesTradingUnrealizedGain
15000
us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
1129000
CY2022Q2 us-gaap Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
207978000
CY2021Q4 us-gaap Trading Securities Debt Amortized Cost
TradingSecuritiesDebtAmortizedCost
13769000
CY2021 us-gaap Debt Securities Trading Unrealized Loss
DebtSecuritiesTradingUnrealizedLoss
4000
CY2021Q4 us-gaap Debt Securities Trading And Equity Securities Fv Ni Cost
DebtSecuritiesTradingAndEquitySecuritiesFvNiCost
13765000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Next Rolling Twelve Months Fair Value
AvailableForSaleSecuritiesDebtMaturitiesNextRollingTwelveMonthsFairValue
138725000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Rolling Year Two Through Five Fair Value
AvailableForSaleSecuritiesDebtMaturitiesRollingYearTwoThroughFiveFairValue
75875000
CY2022Q2 us-gaap Available For Sale Securities Debt Maturities Single Maturity Date
AvailableForSaleSecuritiesDebtMaturitiesSingleMaturityDate
214600000
CY2022Q2 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
324397000
CY2021Q4 us-gaap Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
425835000
CY2022Q2 us-gaap Guarantees Fair Value Disclosure
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2000000.0
CY2021Q4 us-gaap Guarantees Fair Value Disclosure
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1200000
CY2022Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3528000
CY2021Q1 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
2591000
CY2021Q4 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3724000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
1005000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
5658000
us-gaap Allowance For Doubtful Accounts Receivable Write Offs
AllowanceForDoubtfulAccountsReceivableWriteOffs
2759000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2103000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
879000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2981000
us-gaap Allowance For Doubtful Accounts Receivable Recoveries
AllowanceForDoubtfulAccountsReceivableRecoveries
2381000
CY2022Q2 acva Allowance For Doubtful Accounts Receivable Write Offs Net
AllowanceForDoubtfulAccountsReceivableWriteOffsNet
1095000
CY2021Q2 acva Allowance For Doubtful Accounts Receivable Write Offs Net
AllowanceForDoubtfulAccountsReceivableWriteOffsNet
126000
acva Allowance For Doubtful Accounts Receivable Write Offs Net
AllowanceForDoubtfulAccountsReceivableWriteOffsNet
2677000
acva Allowance For Doubtful Accounts Receivable Write Offs Net
AllowanceForDoubtfulAccountsReceivableWriteOffsNet
378000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4266000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3158000
CY2022Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
4266000
CY2021Q2 us-gaap Allowance For Doubtful Accounts Receivable
AllowanceForDoubtfulAccountsReceivable
3158000
CY2022Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
704000
CY2021Q1 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
61000
CY2021Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
636000
CY2020Q4 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
40000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
474000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
119000
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
881000
us-gaap Financing Receivable Allowance For Credit Losses Period Increase Decrease
FinancingReceivableAllowanceForCreditLossesPeriodIncreaseDecrease
146000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
207000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
84000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
577000
us-gaap Financing Receivable Allowance For Credit Losses Write Offs
FinancingReceivableAllowanceForCreditLossesWriteOffs
90000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
30000
us-gaap Financing Receivable Allowance For Credit Losses Recovery
FinancingReceivableAllowanceForCreditLossesRecovery
0
CY2022Q2 acva Financing Receivable Allowance For Credit Losses Write Offs Net
FinancingReceivableAllowanceForCreditLossesWriteOffsNet
207000
CY2021Q2 acva Financing Receivable Allowance For Credit Losses Write Offs Net
FinancingReceivableAllowanceForCreditLossesWriteOffsNet
84000
acva Financing Receivable Allowance For Credit Losses Write Offs Net
FinancingReceivableAllowanceForCreditLossesWriteOffsNet
546000
acva Financing Receivable Allowance For Credit Losses Write Offs Net
FinancingReceivableAllowanceForCreditLossesWriteOffsNet
90000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
971000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
96000
CY2022Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
971000
CY2021Q2 us-gaap Financing Receivable Allowance For Credit Losses
FinancingReceivableAllowanceForCreditLosses
96000
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
150790
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8786724
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.72
us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
10 days excluding Sundays
CY2021 us-gaap Guarantee Obligations Term
GuaranteeObligationsTerm
10 days excluding Sundays
us-gaap Guarantee Obligations Liquidation Proceeds
GuaranteeObligationsLiquidationProceeds
273800000
CY2021 us-gaap Guarantee Obligations Liquidation Proceeds
GuaranteeObligationsLiquidationProceeds
257600000
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
5.46
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Expirations In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExpirationsInPeriod
33613
CY2022Q2 us-gaap Long Term Debt
LongTermDebt
70500000
CY2021Q4 us-gaap Long Term Debt
LongTermDebt
500000
CY2021Q1 acva Convertible Preferred Stock Shares Outstanding
ConvertiblePreferredStockSharesOutstanding
0
us-gaap Common Stock Voting Rights
CommonStockVotingRights
The Class A common stock is entitled to one vote per share and the Class B common stock is entitled to ten votes per share.
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P0Y6M
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.680
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.0163
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
141659000
CY2021 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P7Y10D
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
0
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0
us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
441422
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
1.72
us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExpirationsInPeriodWeightedAverageExercisePrice
5.14
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
8160899
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
2.71
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingIntrinsicValue
32083000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
P6Y6M10D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
6100126
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
1.85
CY2022Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
28921000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableWeightedAverageRemainingContractualTerm1
P6Y3D
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber
2060773
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
5.26
CY2022Q2 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Aggregate Intrinsic Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingAggregateIntrinsicValue
3162000
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1
P8Y25D
acva Common Stock To Be Issued And Held In Escrow
CommonStockToBeIssuedAndHeldInEscrow
620877
CY2022Q2 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Stock Options
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedStockOptions
7000000.0
us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P2Y7M24D
CY2022Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01
CY2021Q2 us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.02
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0.01
CY2021Q1 us-gaap Stockholders Equity Reverse Stock Split
StockholdersEquityReverseStockSplit
On March 11, 2021, the Board of Directors and the stockholders of the Company approved a 1-for-2 reverse stock split of the Company’s outstanding common stock and convertible preferred stock. All common stock, convertible preferred stock, and per share information have been retroactively adjusted to give effect to this reverse stock split for all periods presented. Shares of common stock underlying outstanding stock options, restricted stock units, and restricted stock awards were proportionately decreased and the retrospective per share value and exercise prices, if applicable, were proportionately increased in accordance with the terms of the agreements governing such securities. There were no changes in the par values of the Company’s common stock and convertible preferred stock as a result of the reverse stock split.
CY2021Q1 acva Stockholders Equity Reverse Stock Split Converstion Ratio
StockholdersEquityReverseStockSplitConverstionRatio
1-for-2
CY2021Q1 acva Stockholders Equity Reverse Stock Split Effect On Par Value
StockholdersEquityReverseStockSplitEffectOnParValue
0
CY2021Q4 us-gaap Business Combination Contingent Consideration Liability
BusinessCombinationContingentConsiderationLiability
2000000.0

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