ACV Auctions reported Q2 revenue of $193.7 million, missing analyst estimates of $196.1 million, but sales rose 20.6% YoY. The company's GAAP loss per share was $0.04, beating estimates by $0.02. ACV Auctions dropped its revenue guidance for the full year to $770 million, a 0.6% decrease, and EBITDA guidance to $70 million, below analyst estimates.
ACV Auctions (NASDAQ: ACVA), a leading online used car auction platform, announced its second-quarter (Q2) 2025 financial results today. The company reported revenue of $193.7 million, a 20.6% year-over-year (YoY) increase, but fell short of analysts' expectations of $196.1 million [1]. Despite the revenue miss, ACV Auctions showed strong sales growth, with units sold increasing by 13% YoY to 210,429 [3].
The company's GAAP net income per share was $0.04, beating analysts' estimates of $0.06 per share by $0.02. However, ACV Auctions reported a GAAP loss of $7 million for the quarter, compared to a GAAP loss of $17 million in the same quarter last year. The company's non-GAAP net income was $12 million, up from $3 million in the same quarter last year [3].
ACV Auctions also lowered its full-year 2025 revenue guidance to $770 million, a 0.6% decrease from its previous estimate of $775 million, and its EBITDA guidance to $70 million, below analysts' estimates of $72 million [3]. The company attributed the downward revision to ongoing macroeconomic uncertainties and the dealer wholesale market's expected flat to modestly down performance in 2025.
Looking at ACV Auctions' peers in the online marketplace segment, Shutterstock reported year-on-year revenue growth of 21.3%, beating analysts' expectations by 7.5%, while eHealth reported a revenue decline of 7.7%, topping estimates by 31% [1]. ACV Auctions' stock price has been down 11% over the last month, with an average analyst price target of $22.81 compared to the current share price of $14.33 [1].
ACV Auctions will host a conference call and live webcast today, August 11, 2025, at 5:00 p.m. ET to discuss the financial results in detail.
References:
[1] https://finance.yahoo.com/news/earnings-watch-acv-auctions-acva-030137343.html
[2] https://www.tradingview.com/news/stockstory:5629a5a4c094b:0-earnings-to-watch-acv-auctions-acva-reports-q2-results-tomorrow/
[3] https://www.morningstar.com/news/globe-newswire/9510316/acv-announces-second-quarter-2025-results
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