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Jun 30
ACV Auctions Q2 2025 Earnings Report
ACV Auctions reported record revenue and Adjusted EBITDA for the second quarter of 2025.
Key Takeaways
ACV delivered strong second quarter results, achieving record revenue of $194 million and Adjusted EBITDA of $19 million, driven by market share gains and increased adoption of Marketplace Services. Despite a decelerating dealer wholesale market, the company maintained its profitability objectives.
Second quarter revenue reached a record $194 million, marking a 21% increase year-over-year.
Adjusted EBITDA for the second quarter was $19 million, significantly up from $7 million in the same period last year.
GAAP net loss improved to ($7) million in Q2 2025, compared to ($17) million in Q2 2024.
Marketplace GMV grew by 12% year-over-year to $2.7 billion, and Marketplace Units increased by 13% to 210,429.
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 updated its full-year 2025 revenue guidance to $765 million to $775 million, reflecting ongoing macroeconomic crosscurrents, but maintained the midpoint of its Adjusted EBITDA guidance at $68 million to $72 million, demonstrating commitment to profitability.
Positive Outlook
- Full-year 2025 revenue expected to grow 20% to 22% year-over-year.
- Adjusted EBITDA for full-year 2025 is projected to be between $68 million and $72 million, maintaining the midpoint despite market challenges.
- Non-GAAP net income for full-year 2025 is expected to be $38 million to $42 million.
- Third quarter 2025 total revenue is guided to be $198 million to $203 million, an increase of 16% to 18% year-over-year.
- Third quarter 2025 Adjusted EBITDA is guided to be $18 million to $20 million.
Challenges Ahead
- Full-year 2025 GAAP net income (loss) is projected to be ($51) million to ($47) million.
- Third quarter 2025 GAAP net income (loss) is guided to be ($13) million to ($11) million.
- The dealer wholesale market is expected to be flat to modestly down year over year in 2025.
- Weakening retail demand and elevated trade retention rates at dealerships are impacting the market.
- Revenue guidance was updated to reflect ongoing macroeconomic crosscurrents.