ACVA on NYSE

ACV Auctions Inc.

American business services company based in Buffalo, listed on NYSE (ACVA)1

In its 2026 annual report the company says: “We provide a highly efficient and vibrant marketplace platform for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information to our customers. Our marketplace platform leverages data insights and technology to power our digital marketplace and data services, enabling our dealers and commercial partners to buy, sell, and value vehicles with confidence and efficiency. Our marketplace platform is also supported by remarketing centers in various locations throughout the United States.”3

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Last updated Oct 21, 2026.

Overview

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  • TickerACVA on NYSE1
  • IndustryServices-Business Services, NEC1
  • HeadquartersBuffalo, New York1
  • Incorporated inDE2
  • Business address640 Ellicott Street, Buffalo, Ny 142032
  • Filer categoryLarge accelerated filer2

Our mission is to build and enable the most trusted and efficient marketplace for buying and selling used vehicles with transparency and comprehensive data that was previously unimaginable.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

-8.3%Operating margin4
-8.7%Net margin4
19.2%Revenue growth, 20254
-15.4%Return on equity4
$69.1MFree cash flow4

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Auction Marketplace Revenue brought in 46% of the revenue ACV Auctions Inc. broke down this way in fiscal 2025.

  1. Auction Marketplace Revenue$347.6M446%up 15% from 2024
  2. Other Marketplace Revenue$295.8M439%up 25% from 2024
  3. Customer Assurance$81.6M411%up 27% from 2024
  4. Data Services Revenue$34.5M45%up 4% from 2024
Products and services by year
Products and services202320242025
Auction Marketplace Revenue$210.9M$303.0M$347.6M
Other Marketplace Revenue$179.0M$236.7M$295.8M
Customer Assurance$58.7M$64.2M$81.6M
Data Services Revenue$32.6M$33.3M$34.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Selling, general and admin31¢$235.0M
  • Other costs69¢$523.3M
  • Income tax0¢$1.3M

Out of $759.6M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Capital spending12¢$9.1M
  • Kept or used elsewhere88¢$69.1M

Out of $78.2M of cash from operations.4

Financial statements

Revenue5674$759.6M in 2025+611% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $106.8M$106.8M20192020: $208.4M$208.4M2020+95%2021: $358.4M$358.4M2021+72%2022: $3.8M$3.8M2022−99%2023: $481.2M$481.2M2023+12564%2024: $637.2M$637.2M2024+32%2025: $759.6M$759.6M2025+19%
Operating income56784-$63.2M in 2025−20% since 2019
-$150.0M-$100.0M-$50.0M02019: -$79.3M-$79.3M20192020: -$40.6M-$40.6M2020−49%2021: -$76.8M-$76.8M2021+89%2022: -$106.2M-$106.2M2022+38%2023: -$89.7M-$89.7M2023−16%2024: -$84.1M-$84.1M2024−6%2025: -$63.2M-$63.2M2025−25%
Net income56784-$66.1M in 2025−14% since 2019
-$150.0M-$100.0M-$50.0M02019: -$77.2M-$77.2M20192020: -$41.0M-$41.0M2020−47%2021: -$78.2M-$78.2M2021+91%2022: -$102.2M-$102.2M2022+31%2023: -$75.3M-$75.3M2023−26%2024: -$79.7M-$79.7M2024+6%2025: -$66.1M-$66.1M2025−17%

Every line of the income statement as filed: the last 3 fiscal years, latest first.4

Period ending2025-12-312024-12-312023-12-31
Total revenue$759.6M$637.2M$481.2M
Operations and technology$182.7M$162.7M$141.0M
Selling, general, and administrative$235.0M$217.4M$166.5M
Depreciation and amortization$43.7M$36.7M$19.0M
Total operating expenses$822.8M$721.3M$570.9M
Loss from operations-$63.2M-$84.1M-$89.7M
Interest income$8.0M$9.3M$16.5M
Interest expense-$9.6M-$4.2M-$1.6M
Total other (expense) income-$1.6M$5.1M$14.9M
Total loss before income taxes-$64.8M-$79.0M-$74.7M
Provision for income taxes$1.3M$688.0K$526.0K
Net loss-$66.1M-$79.7M-$75.3M
Weighted-average shares - basic (in shares)170.6M shares164.9M shares160.0M shares
Weighted-average shares - diluted (in shares)170.6M shares164.9M shares160.0M shares
Net loss per share - basic (in dollars per share)-$0.39-$0.48-$0.47
Net loss per share - diluted (in dollars per share)-$0.39-$0.48-$0.47

Compare ACV Auctions Inc. with another company

Corporate structure

ACV Auctions Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of ACV Auctions Inc.

  • ACV Auctions Inc. Buffalo, New York

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What ACV Auctions Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Computer equipment and software$149.8M4 Dec 31, 2025$107.1M4 Dec 31, 2024+39.9%
Property and equipment, before depreciation$19.4M4 Dec 31, 2025$12.9M4 Dec 31, 2024+51.3%
Accumulated depreciation$6.6M4 Dec 31, 2025$5.2M4 Dec 31, 2024+26.1%
Property and equipment, net$12.9M4 Dec 31, 2025$7.6M4 Dec 31, 2024+68.6%
Operating-lease assets (leased space)$46.4M4 Dec 31, 2025$41.4M4 Dec 31, 2024+12.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$271.5M4 Dec 31, 2025$224.1M4 Dec 31, 2024+21.2%
Marketable securities, current$04 Dec 31, 2025$46.0M4 Dec 31, 2024−100.0%
Debt securities available for sale$46.0M4 Dec 31, 2024$228.8M8 Dec 31, 2023−79.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$183.7M4 Dec 31, 2025$180.5M4 Dec 31, 2024+1.8%
Finite-lived intangibles, gross$121.2M4 Dec 31, 2025$119.8M4 Dec 31, 2024+1.2%
Accumulated amortization$40.2M4 Dec 31, 2025$29.0M4 Dec 31, 2024+38.8%
Finite-lived intangibles, net$81.0M4 Dec 31, 2025$90.8M4 Dec 31, 2024−10.8%

Properties, in its own words

Our corporate headquarters are located at 640 Ellicott Street, Buffalo, New York. We lease other offices and facilities around the world, primarily in the United States. We do not own any real property.

We believe that our current facilities are suitable and adequate to meet our current needs, and if we require additional space, we anticipate we will be able to obtain additional suitable facilities.

Item 2 of the 10-K filed Feb 23, 2026.3

Leadership

Who has led ACV Auctions Inc., and when. Pick a name to see everywhere that person has worked.

Chief operating officer

  1. Vikas Mehta2021–now
2025
Board members and other officers (12)

Timeline

  1. Sep 10, 20268-K Entered a material agreement; Regulation FD disclosure26
  2. Aug 10, 20268-K Results of operations; Executive or director change27
  3. Jun 2, 20268-K Shareholder vote28
  4. May 13, 20268-K Entered a material agreement29
  5. May 6, 20268-K Results of operations30
  6. Feb 23, 20268-K Results of operations31
  7. Dec 18, 20258-K Entered a material agreement32
  8. Nov 5, 20258-K Results of operations33
  9. Sep 11, 20258-K Regulation FD disclosure34
  10. Aug 11, 20258-K Results of operations35
  11. Jul 1, 20258-K Entered a material agreement36
  12. Jun 3, 20258-K Shareholder vote37
  13. Mar 23, 2021New chief executive George Chamoun becomes CEO11

Calendar

Coming up

  1. Around Nov 14, 2026Next results, estimated About a quarter after its last report. The company hasn't announced the date.

When it reported results

  1. Aug 10, 2026Reported quarterly or annual results27
  2. May 6, 2026Reported quarterly or annual results30
  3. Feb 23, 2026Reported quarterly or annual results31
  4. Nov 5, 2025Reported quarterly or annual results33
  5. Aug 11, 2025Reported quarterly or annual results35
  6. May 7, 2025Reported quarterly or annual results38
  7. Feb 19, 2025Reported quarterly or annual results39
  8. Nov 7, 2024Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

703 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 34 major events, 403 insider forms, 47 large holders, 199 other. The latest 20:

  1. Oct 14, 2026SC 14D9/A EDGAR
  2. Oct 14, 2026SC TO-T/A EDGAR
  3. Oct 8, 2026SC 14D9/A EDGAR
  4. Oct 8, 2026SC TO-T/A EDGAR
  5. Oct 5, 20264 EDGAR
  6. Oct 5, 20264 EDGAR
  7. Oct 5, 20264 EDGAR
  8. Oct 5, 20264 EDGAR
  9. Oct 5, 20264 EDGAR
  10. Oct 5, 20264 EDGAR
  11. Oct 5, 20264 EDGAR
  12. Oct 1, 2026SC 14D9/A EDGAR
  13. Oct 1, 2026SC TO-T/A EDGAR
  14. Sep 29, 2026SC 14D9/A EDGAR
  15. Sep 29, 2026SC TO-T/A EDGAR
  16. Sep 17, 2026SC 14D9 EDGAR
  17. Sep 17, 2026SC TO-T EDGAR
  18. Sep 14, 2026144 EDGAR
  19. Sep 11, 2026SC TO-C EDGAR
  20. Sep 11, 2026SC14D9C EDGAR

The 703 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

251 open-market trades by officers, directors and large owners since October 2021: 9 buys and 242 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 9, 2026Chamoun GeorgeChief Executive OfficerBuy24,272$5.05$122.6KForm 4
Feb 26, 2026Waterman MichaelChief Sales OfficerBuy214,600$4.66$1.0MForm 4
Feb 9, 2026Chamoun GeorgeChief Executive OfficerBuy16,892$7.30$123.3KForm 4
Jan 15, 2026Peer AndrewVP, Corporate Controller & CAOSale1,750$8.85$15.5KForm 4
Jan 12, 2026Chamoun GeorgeChief Executive OfficerBuy14,286$8.81$125.9KForm 4
Dec 15, 2025Peer AndrewVP, Corporate Controller & CAOSale1,750$8.03$14.1KForm 4
Dec 15, 2025Chamoun GeorgeChief Executive OfficerBuy31,172$7.97$248.4KForm 4
Dec 1, 2025Peer AndrewVP, Corporate Controller & CAOSale1,750$8.00$14.0KForm 4
Nov 17, 2025Castillo KirstenDirectorBuy5,000$6.27$31.4KForm 4
Nov 14, 2025Hirsch BrianDirectorBuy80,571$6.21$500.3KForm 4
Nov 14, 2025Castillo KirstenDirectorBuy15,000$6.26$93.9KForm 4
Nov 10, 2025GOODMAN ROBERT PDirectorBuy912,408$5.61$5.1MForm 4
Oct 15, 2025Peer AndrewVP, Corporate Controller & CAOSale1,750$8.84$15.5KForm 4
Sep 15, 2025Peer AndrewVP, Corporate Controller & CAOSale1,750$10.11$17.7KForm 4
Jul 22, 2025Anderson Craig EricCCDSOSale15,000$15.04$225.6KForm 4
Jul 8, 2025Waterman MichaelChief Sales OfficerSale34,339$16.05$551.1KForm 4
Jun 11, 2025Chamoun GeorgeChief Executive OfficerSale142,422$16.92$2.4MForm 4
Jun 10, 2025Chamoun GeorgeChief Executive OfficerSale207,578$16.73$3.5MForm 4
Jun 10, 2025Waterman MichaelChief Sales OfficerSale22,171$16.75$371.4KForm 4
Jun 10, 2025KAMERICK EILEEN ADirectorSale9,239$16.70$154.3KForm 4

All 251 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025GEORGE CHAMOUNChief Executive Officer51$482.5K$7.9M57
2025VIKAS MEHTAChief Operating Officer50$449.9K$4.9M57
2025WILLIAM ZERELLAChief Financial Officer69$449.9K$4.6M57
2025MICHAEL WATERMANChief Sales Officer57$403.9K$4.4M57
2025LEANNE FITZGERALDChief Legal Officer60$394.2K$3.3M57
2024GEORGE CHAMOUNChief Executive Officer51$475.0K$7.6M57
2024WILLIAM ZERELLAChief Financial Officer69$440.0K$4.4M57
2024VIKAS MEHTAChief Operating Officer50$440.0K$4.4M57
2024MICHAEL WATERMANChief Sales Officer57$395.0K$4.4M57
2023GEORGE CHAMOUNChief Executive Officer51$468.8K$6.6M57
2023WILLIAM ZERELLAChief Financial Officer69$423.8K$3.5M57
2023VIKAS MEHTAChief Operating Officer50$423.8K$3.5M57
2023MICHAEL WATERMANChief Sales Officer57$366.2K$3.4M57

SEC filer profile

How ACV Auctions Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARACV Auctions Inc.1
  • CIK0001637873
  • Employer ID (EIN)47-24152213
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7389 Services-Business Services, NEC1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address640 Ellicott Street, Buffalo, NY 142031
  • Phone585-317-04061
  • Shares outstanding169,807,980 as of Aug 3, 202610
  • Public float$2.7B as of Jun 30, 20253
  • AuditorErnst & Young LLP, Buffalo, NY PCAOB ID 42; it also attests to the company’s internal control over financial reporting3
  • On EDGAR sinceMar 31, 20151
  • Filings784 in all: 4 (426), 144 (157), 8-K (39), SC 13G/A (23), SC 13G (19), 10-Q (17), 3 (15), SCHEDULE 13G/A (11)1
    All 35 form types

    S-8 (7), DEFA14A (6), 10-K (5), DEF 14A (5), UPLOAD (5), 4/A (4), ARS (4), CORRESP (4), D (4), SC 14D9/A (4), SC TO-T/A (4), SC14D9C (3), 8-A12B (2), CERT (2), DRS/A (2), DRSLTR (2), S-1/A (2), SC TO-C (2), SCHEDULE 13G (2), 25 (1), 424B4 (1), DRS (1), EFFECT (1), PRE 14A (1), S-1 (1), SC 14D9 (1), SC TO-T (1)

  • Latest filingsAnnual report (10-K) Feb 23, 2026
    Quarterly report (10-Q) Aug 10, 2026
    Proxy statement (DEF 14A) Apr 16, 2026
    Latest 8-K (8-K) Sep 10, 2026

Securities registered for trading

ClassSymbolExchange
Common stock, par value $0.001 per shareACVANew York Stock Exchange

From the cover page of the 10-K filed Feb 23, 2026 (Section 12(b) of the Exchange Act).3

Risk factors and legal proceedings

The risks ACV Auctions Inc. names in Item 1A of its 10-K filed Feb 23, 2026: 52 risks under these headings, as written.3

  • Risks Related to Our Growth and Capital Requirements
  • Our recent growth may not be indicative of our future growth.
  • We have a history of operating losses and we may not achieve or maintain profitability in the future.
  • We have a limited operating history, and our future results of operations or financial condition may fluctuate significantly due to a wide range of factors, which makes it difficult to forecast our future results of operations or financial condition.
  • We may require additional debt and equity capital to pursue our business objectives and respond to business opportunities, challenges or unforeseen circumstances. If such capital is not available to us, our business may be harmed.
  • Pursuant to the terms of our outstanding indebtedness, we may be limited in our ability to incur future debt.
  • We may be adversely affected by fluctuations in benchmark interest rates because of our 2021 Revolver and Warehouse Facility.
  • We track certain operational metrics with internal systems and tools and do not independently verify such metrics.
  • Risks Related to Our Business, Our Brand and Our Industry
  • Our ability to expand our products and services may be limited, which could negatively impact our growth rate, revenue and financial performance.
  • We participate in a highly competitive industry, and pressure from existing and new companies may adversely affect our business, results of operations and financial condition.
  • Our business depends on growing the share of wholesale transactions from existing customers, and the failure to do so could have a material adverse effect on our business, results of operations and financial condition.
The other 42 risks
  • Decreases in the supply of used vehicles coming to the wholesale market may impact sales volumes, which may adversely affect our revenue and profitability.
  • Our business is sensitive to changes in the prices of used vehicles.
  • The loss of sellers could adversely affect our business, results of operations and financial condition, and an inability to increase our sources of vehicle supply could adversely affect our growth rates.
  • Failure to properly and accurately inspect the condition of vehicles sold through our marketplace could harm our business.
  • We have exposure to credit risk with our dealer borrowers, which could have a negative impact on our business, results of operation and financial condition.
  • Acquisitions, strategic investments, partnerships, or alliances could be difficult to identify, pose integration challenges, divert the attention of management, disrupt our business, dilute stockholder value, and adversely affect our business, results of operations and financial condition.
  • We bear settlement risk for vehicles sold through our marketplace platform.
  • Failure to deal effectively with fraudulent activities on our marketplace platform, could harm our business.
  • Prospective purchasers of vehicles may choose not to shop online, which could prevent us from growing our business.
  • We may experience seasonal and other fluctuations in our quarterly results of operations, which may not fully reflect the underlying performance of our business.
  • If the quality of our customer experience, our reputation or our brand were negatively affected, our business, results of operations and financial condition may be harmed.
  • Unfavorable media coverage could harm our business, results of operations and financial condition.
  • We rely on third-party carriers to transport vehicles throughout the United States and are subject to business risks and costs associated with such carriers and with the transportation industry, many of which are out of our control.
  • Our future growth and profitability relies on the effectiveness and efficiency of our sales and marketing efforts, and these efforts may not be successful.
  • Our insurance may not provide adequate levels of coverage against claims.
  • We depend on key personnel to operate our business, and if we are unable to retain, attract and integrate qualified personnel, our ability to develop and successfully grow our business could be harmed.
  • Risks Related to Socioeconomic and Geopolitical Factors
  • Our business is highly sensitive to changes in macroeconomic conditions, and risks related to the larger automotive ecosystem, including customer demand, could reduce auto sales and profitability, which may harm our business, results of operations and financial condition.
  • Risks Related to Information Technology and Intellectual Property
  • We may not properly leverage or make the appropriate investment in technology advancements, which could result in the loss of any sustainable competitive advantage in products, services and processes.
  • If we are unable to adequately address our customers’ increasing reliance on technology or provide a compelling vehicle search experience to customers through both our web and mobile platforms, the number of connections between buying and selling dealers using our marketplace may decline and our business, results of operations and financial condition may be harmed.
  • We rely on third-party technology and information systems to complete critical business functions and such reliance may negatively impact our business.
  • A significant disruption in service of, or other performance or reliability issues with, our marketplace platform could damage our reputation and result in a loss of customers, which could harm our brand or our business.
  • We are subject to stringent and changing data privacy and security laws, regulations, rules, industry code of conduct, policies, standards, and other obligations related to data privacy and security. Our actual or perceived failure to comply with such obligations could lead to adverse consequences.
  • Failure to adequately obtain, maintain, protect, defend and enforce our intellectual property rights, including our technology and confidential information, could harm our business.
  • Third parties may initiate legal proceedings alleging that we are infringing, misappropriating or otherwise violating their intellectual property rights, the outcome of which would be uncertain and could have a material adverse effect on our business, results of operations and financial condition.
  • If we are not able to maintain, enhance and protect our reputation and brand recognition through the maintenance and protection of trademarks, our business may be harmed.
  • We may be subject to claims asserting that our employees, consultants or advisors have wrongfully used or disclosed alleged trade secrets of their current or former employers or claims asserting ownership of what we regard as our own intellectual property.
  • Our use of “open source” software could adversely affect our ability to offer our products and services and subject us to possible litigation.
  • We rely on third-party providers to perform payment-related services on our behalf, and the failure of such third-parties to adequately perform such services or comply with applicable laws could harm our business.
  • We utilize artificial intelligence, which could expose us to liability or adversely affect our business.
  • Risks Related to Government Regulation and Litigation
  • We operate in highly regulated industries and either are or may be subject to a wide range of federal, state, local, and international laws and regulations and our failure to comply with these laws and regulations may force us to change our operations or harm our business.
  • Government regulation of the internet and ecommerce is evolving, and unfavorable changes or failure by us to comply with these regulations could harm our business.
  • We are, and may in the future be, subject to legal proceedings in the ordinary course of our business. If the outcomes of these proceedings are adverse to us, it could have an adverse effect on our business.
  • We may be limited in our ability to utilize, or may not be able to utilize, net operating loss carryforwards to reduce our future tax liability.
  • Risks Related to Being a Public Company
  • We will continue to incur costs as a result of operating as a public company, and our management will be required to continue to devote substantial time to compliance with our public company responsibilities and corporate governance practices.
  • We are obligated to maintain proper and effective internal controls over financial reporting, and any failure to maintain the adequacy of these internal controls may adversely affect investor confidence in our company and, as a result, the value of our Common stock.
  • Risks Related to Ownership of Our Common Stock
  • Our issuance of additional capital stock in connection with financings, acquisitions, investments, our equity incentive plans or otherwise will dilute all other stockholders.
  • Our stock price may be volatile, and the value of our Common stock may decline.
  • Sales of our Common stock in the public market could cause the market price of our Common stock to decline.
  • If securities or industry analysts do not publish research or publish unfavorable or inaccurate research about our business, the market price and trading volume of our Common stock could decline.
  • Anti-takeover provisions in our charter documents and under Delaware law could make an acquisition of our company more difficult, limit attempts by our stockholders to replace or remove our current management and limit the market price of our Common stock.
  • Our amended and restated certificate of incorporation provides that the Court of Chancery of the State of Delaware and the federal district courts of the United States of America will be the exclusive forums for substantially all disputes between us and our stockholders, which could limit our stockholders’ ability to obtain a favorable judicial forum for disputes with us or our directors, officers, or employees.
  • We do not intend to pay dividends for the foreseeable future.

Legal proceedings

From time to time, we may become involved in legal proceedings or be subject to claims arising in the ordinary course of our business. We are not presently subject to any pending or threatened litigation that we believe, if determined adversely to us, individually, or taken together, would reasonably be expected to have a material adverse effect on our business or financial results.

The opening of Item 3, Legal Proceedings.3

Sources

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