ACV Auctions(ACVA) - 2024 Q2 - Quarterly Results

ACV Announces Second Quarter 2024 Results Revenue Growth of 29% and Exceeds the High-End of Guidance • Second quarter revenue of $161 million • Second quarter GAAP net income (loss) of ($17) million • Second quarter non-GAAP net income of $3 million • Second quarter Adjusted EBITDA of $7 million • Expects 2024 revenue of $615 million to $625 million, growth of 28% to 30% YoY, net income (loss) of ($85) million to ($80) million and Adjusted EBITDA of $21 million to $25 million BUFFALO, August 7, 2024 — ACV ( ...