Business
ACV Announces First Quarter 2025 Results
Strong Revenue Growth with Adjusted EBITDA Exceeding High-End of GuidanceReiterates 2025 Guidance First quarter revenue of $183 millionFirst quarter GAAP net income (loss) of ($15) millionFirst quarter non-GAAP net income of $7 millionFirst quarter Adjusted EBITDA of $14 million Expects 2025 revenue of $765 million to $785 million, growth of 20% to 23% YoY, GAAP net income (loss) of ($60) million to ($50) million and Adjusted EBITDA of $65 million to $75 million BUFFALO, May 07, 2025 (GLOBE NEWS
About this update from Acv Auctions Inc.
[{"type":"image","alt":"ACV","displaySize":"","headline":null,"caption":"ACV","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":133,"url":"https://media.zenfs.com/en/globenewswire.com/c0e1e53be27fa7d28a9be5899c7a4b1d"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/fS4H0YLYjAlrxvAFVMR9VQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE4NjtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/c0e1e53be27fa7d28a9be5899c7a4b1d","width":300,"height":133}},"lazy":false},{"type":"text","content":"Strong Revenue Growth with Adjusted EBITDA Exceeding High-End of GuidanceReiterates 2025 Guidance","length":98,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"First quarter revenue of $183 million","length":37,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter GAAP net income (loss) of ($15) million","length":53,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter non-GAAP net income of $7 million","length":47,"tagName":"p"}]},{"val":[{"type":"text","content":"First quarter Adjusted EBITDA of $14 million ","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"Expects 2025 revenue of $765 million to $785 million, growth of 20% to 23% YoY, GAAP net income (loss) of ($60) million to ($50) million and Adjusted EBITDA of $65 million to $75 million","length":186,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":367,"olType":false},{"type":"text","content":"BUFFALO, May 07, 2025 (GLOBE NEWSWIRE) -- ACV (NYSE: ACVA), a leading digital automotive marketplace and data services partner for dealers and commercial clients, today reported results for its first quarter ended March 31, 2025.","length":234,"tagName":"p"},{"type":"text","content":"“We are very pleased with our first quarter results. We delivered strong revenue growth and Adjusted EBITDA above the high-end of our guidance range, along with continued margin expansion. ACV's leading market position resulted in additional share gains, our suite of dealer solutions gained further market traction, and we executed on initiatives to support our commercial wholesale strategy,” said George Chamoun, CEO of ACV.","length":431,"tagName":"p"},{"type":"text","content":"“The dealer wholesale market grew modestly year-over-year during the quarter, but remained well below historical levels primarily due to the ongoing shortage of...