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Dec 31, 2022
ACV Auctions Q4 2022 Earnings Report
ACV Auctions reported Q4 2022 results, showing revenue in line with guidance and Adjusted EBITDA ahead of guidance.
Key Takeaways
ACV Auctions reported Q4 2022 revenue of $98 million and an Adjusted EBITDA loss of $13 million. The company continued to gain market share and expand its dealer partnership network despite challenging market conditions.
Revenue of $98 million, a decrease of 2% year over year.
Marketplace and Service revenue of $85 million, a decrease of 2% year over year.
Marketplace GMV of $1.8 billion, a decrease of approximately 29% year over year.
Adjusted EBITDA loss of $13 million, compared to Adjusted EBITDA loss of $16 million in the fourth quarter 2021.
ACV Auctions
ACV Auctions
ACV Auctions Revenue by Segment
Revenue by Segment
Marketplace and Service Revenue
CapyFin.com Forward Guidance
ACV expects 2023 revenue of $460 million to $470 million, representing growth of 9% to 11% YoY; expects 2023 Adjusted EBITDA loss of $30 million to $35 million