Financial Data and Key Metrics Changes - The company reported consolidated revenues of $498 million for Q3 2025, representing an 8% year-over-year growth [19] - Adjusted EBITDA for the quarter was $87 million, reflecting a 17% increase, with an adjusted EBITDA margin of approximately 17%, which is an expansion of 130 basis points year-over-year [19][20] - Consolidated SG&A expenses increased by 14% to $111 million, primarily due to higher performance-related incentives and targeted investments [19] Business Line Data and Key Metrics Changes - The marketplace segment processed a gross merchandise value (GMV) of $7.3 billion, a 9% increase, driven by a 19% growth in dealer category and 4% in commercial category [21] - Auction fees in the marketplace grew by 20%, primarily due to volume growth in the U.S. dealer business [22] - Adjusted EBITDA for the marketplace segment was $44 million, representing a 22% growth and an adjusted EBITDA margin of 11% [23] Market Data and Key Metrics Changes - Dealer-to-dealer volumes increased by 14% year-over-year, marking the fourth consecutive quarter of double-digit volume increases [5][35] - The U.S. market contributed significantly to the growth, with dealer volumes in the high teens year-over-year [35] - The company noted a decline in commercial vehicle volumes, but the rate of decline was less than in the previous quarter [8] Company Strategy and Development Direction - The company's strategy focuses on making wholesale easy by enhancing marketplace offerings, technology, and customer experience [6][7] - The company aims to expand its market share with North America's largest franchise dealer groups and increase dealer registrations on its platform [10][12] - The company is investing in technology and innovation, including AI-driven features to improve customer experience [11][13] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of commercial vehicle volumes beginning in early 2026 and highlighted the ongoing shift from physical to digital channels in the wholesale industry [15][16] - The company is closely monitoring economic trends, including vehicle affordability and loan delinquencies, which could impact future performance [15] - Management revised the full-year 2025 adjusted EBITDA guidance to $328-$333 million, up from previous guidance, due to strong performance in the North American dealer business [28] Other Important Information - The company announced plans to repurchase approximately 53% of its outstanding Series A convertible preferred shares, funded through a term loan [27] - The company ended the quarter with a cash balance of $119 million and over $400 million in capacity on existing revolver facilities [27] Q&A Session Summary Question: Market growth and share gains - Management noted that dealer-to-dealer volumes were up 14%, with strong growth in the U.S. market, and emphasized the transition from physical to digital models as a key driver of growth [35][36] Question: Onboarding new customers - Management confirmed that onboarding for new customers is expected to occur in early Q1 2026, with technology ready for launch [41] Question: Cross-pollination between platforms - Management explained that independent dealers in the marketplace are increasingly utilizing AFC for financing, with a significant increase in registered dealers on the platform [51] Question: AuctionNet data and market performance - Management provided insights on AuctionNet data, indicating that dealer-to-dealer units were up about 14%, with growth driven by both existing and new dealers [54][57] Question: Competitor reactions - Management observed a stable competitive environment, with some smaller digital models exiting the market, and emphasized the company's leadership in digital platforms [65] Question: SG&A expenses - Management indicated that SG&A expenses may fluctuate quarterly but emphasized a focus on annual trends and cost synergies [73] Question: Purchased cars revenue - Management clarified that the growth in purchased cars revenue is driven by both European business and guarantees offered to buyers, although it is considered low-margin revenue [80][82] Question: Off-lease vehicle impact - Management discussed expectations for off-lease vehicles to increase in 2026, with a potential impact on gross margins and ARPU [90][94]

Image: SuppliedBuilding on its upcoming Dubai Financial Market (DFM) listing, Dubizzle Group, the MENA region’s leading digital classifieds marketplace, has reported robust growth, solid profitability, and continued market leadership in the UAE—its largest and core market.Through its flagship platforms dubizzle and Bayut, Dubizzle Group maintains a dominant position in the UAE’s property and automotive classifieds sectors. The two platforms connect millions of users daily with real estate agencies, develop ...

Financial Performance - ACV achieved a 95% year-over-year revenue growth[10], reaching $208 million in revenue[10] - Marketplace units increased to 391,000+[10], compared to 128,000+ in Q1 2020[10] - Gross Merchandise Volume (GMV) exceeded $3 billion[10], a significant increase from $1.3 billion in Q1 2020[10] - Adjusted EBITDA margin improved from -58% in Q1 2020 to -18% in Q1 2021[55] Market Opportunity and Growth Strategy - ACV operates in a large addressable market, estimated at ~$1.7 trillion annually in the US vehicle market[17] - The company is pursuing a long-term strategy focused on marketplace growth, product expansion, and operating scale[10] - ACV sees significant opportunities in commercial wholesale, dealer wholesale, and dealer-to-consumer transactions[21] - The company is focused on expanding its data services offerings to dealers and commercial partners[21] Future Outlook - ACV anticipates Q2 2021 revenue between $72 million and $75 million, representing a 60% to 67% year-over-year growth[74] - Full-year 2021 revenue is projected to be between $307 million and $313 million, a 47% to 50% increase year-over-year[74] - The company expects an Adjusted EBITDA loss between $20 million and $22 million for Q2 2021, and between $79 million and $82 million for the full year[74]

Q2 2021 Performance Highlights - Revenue reached $97 million, demonstrating a 117% year-over-year growth compared to $45 million in Q2 2020[6, 40] - Marketplace Gross Merchandise Volume (GMV) exceeded $2.1 billion, a 234% year-over-year increase [6, 10] - Marketplace Units transacted totaled over 153,000, representing a 74% year-over-year increase [6, 10] - Auction Marketplace Revenue grew to $47 million, a 98% year-over-year increase [19] Strategic Growth Initiatives - The company is expanding its national footprint and is on track to reach a target of 160 territories in 2021 [12] - Consumer sourcing experienced over 150% year-over-year unit growth in Q2 2021, representing a high single-digit percentage of total units sold [22] - Value-added services are gaining traction, with a Q2 2021 transportation attach rate of approximately 45%, representing around 70,000 transports [36] Financial Outlook and Operating Efficiency - Q3 2021 revenue is projected to be between $82 million and $85 million, with full-year 2021 revenue guidance revised to $332 million to $338 million [50] - Adjusted EBITDA loss for Q3 2021 is expected to be between $20 million and $22 million, with a full-year 2021 adjusted EBITDA loss projected at $62 million to $65 million [50] - Non-GAAP Total Operating Cost (excluding Cost of Revenue) decreased from 61% of revenue in Q2 2020 to 50% in Q2 2021 [43] - The company maintains a strong balance sheet with $664 million in cash and cash equivalents as of June 30, 2021 [51]