Company Overview - ACV Auctions reported a total revenue of $735.48 million for the trailing twelve months (TTM) and a net income loss of $72.72 million [4] - As of November 20, 2025, the stock price was $6.64, reflecting a 68.93% decline over the past year [4][8] - The company operates a digital auction marketplace for wholesale vehicles, focusing on online auctions, data analytics, and financing services for automotive dealerships and commercial fleet operators [9] Recent Developments - Inflection Point Investments LLP completely liquidated its position in ACV Auctions, selling 403,796 shares valued at approximately $6.55 million [1][2][8] - The fund's previous stake in ACV Auctions accounted for 12.40% of its assets under management (AUM) before the liquidation [8] - ACV Auctions experienced a 16% year-over-year revenue growth in the third quarter, despite a declining auto dealer wholesale market [7][10] Financial Performance - The company is projected to incur losses between $21 million and $23 million on a GAAP basis for the year, with adjusted losses expected to be between $2 million and $4 million [10] - The dealer wholesale market is anticipated to decline by a mid-single-digit percentage year-over-year in the fourth quarter [10]