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Mar 31
ACV Auctions Q1 2025 Earnings Report
Reported strong revenue growth and Adjusted EBITDA exceeding guidance for the first quarter of 2025.
Key Takeaways
ACV Auctions delivered robust performance in the first quarter of 2025, with revenue increasing by 25% year-over-year to $183 million and Adjusted EBITDA reaching $14 million, surpassing the high end of their guidance range. The company also saw significant growth in Marketplace and Service Revenue, Marketplace GMV, and Marketplace Units, indicating continued market share gains and traction with their dealer solutions.
First quarter revenue increased 25% year-over-year to $183 million.
Adjusted EBITDA for the first quarter was $14 million, exceeding the high end of guidance.
Marketplace and Service Revenue grew by 28% year-over-year to $166 million.
Marketplace Units increased by 19% year-over-year to 208,025.
ACV Auctions
ACV Auctions
ACV Auctions Revenue by Segment
Revenue by Segment
Marketplace and Service Revenue
CapyFin.comCustomer Assurance Revenue
CapyFin.com Forward Guidance
ACV expects full-year 2025 revenue between $765 million and $785 million and Adjusted EBITDA between $65 million and $75 million. Second quarter guidance includes total revenue of $193 million to $198 million and Adjusted EBITDA of $18 million to $20 million.
Positive Outlook
- Expected full-year revenue growth of 20% to 23% year-over-year.
- Anticipated full-year Adjusted EBITDA of $65 million to $75 million.
- Expected second quarter revenue of $193 million to $198 million.
- Anticipated second quarter Adjusted EBITDA of $18 million to $20 million.
- 2025 Revenue growth is expected to outpace Non-GAAP Operating Expense growth by approximately 500 basis points.
Challenges Ahead
- Expected full-year GAAP net income (loss) of ($60) million to ($50) million.
- Anticipated second quarter GAAP net income (loss) of ($13) million to ($11) million.
- The dealer wholesale market is expected to be approximately flat year over year in 2025.
- Challenging market conditions experienced in February 2025.
- Ongoing shortage of used vehicle inventory impacting the dealer wholesale market.