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Dec 31, 2024
ACV Auctions Q4 2024 Earnings Report
ACV Auctions reported its Q4 2024 earnings, with revenue surpassing guidance and improved adjusted EBITDA.
Key Takeaways
ACV Auctions delivered strong Q4 2024 results with revenue growing 35% YoY to $160 million. Adjusted EBITDA improved to $6 million, compared to a loss in the previous year. GAAP net income remained negative at -$26 million, while non-GAAP net income improved to -$1 million. The company anticipates continued revenue and margin growth in 2025.
Revenue increased 35% YoY to $160 million.
Adjusted EBITDA turned positive at $6 million, from a loss of $5 million last year.
GAAP net loss widened slightly to $26 million.
Strong marketplace unit growth of 27% YoY.
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 strong revenue growth of 20-23% in 2025, with improved profitability and adjusted EBITDA expansion.
Positive Outlook
- 2025 revenue projected to grow 20-23% YoY.
- Adjusted EBITDA expected to rise 131-167% YoY.
- Non-GAAP net income projected to be between $32M and $42M.
- Market share gains and business model scalability expected.
- Continued investment in dealer and commercial solutions.
Challenges Ahead
- GAAP net loss projected to remain between $52M and $62M.
- Dealer wholesale market expected to be flat in 2025.
- Stock-based compensation expected to remain high at $76M.
- Expected intangible amortization costs of $10M.
- Potential impact of seasonal fluctuations on wholesale pricing.