ACV Auctions(US:ACVA)2025-02-19 22:47Financial Performance & Growth - ACV's Q4 2024 revenue reached $160 million, a 35% year-over-year increase, surpassing the guidance of $152-$156 million[7, 26] - Full year 2024 revenue was $637 million, representing a 32% year-over-year growth compared to $481 million in 2023[7] - Marketplace units increased to 183,000 in Q4 2024, up from 144,000 in Q4 2023, and reached 743,000 for the full year 2024, compared to 599,000 in 2023[7] - The company's GMV (Gross Merchandise Volume) grew to $2.3 billion in Q4 2024 from $1.8 billion in Q4 2023, and reached $9.5 billion for the full year 2024, compared to $8.8 billion in 2023[7] - ACV Transportation experienced over 30% full-year revenue growth, transporting 410,000 vehicles[15] - ACV Capital achieved approximately 26% year-over-year revenue growth[19] Profitability & Margin Improvement - Adjusted EBITDA for Q4 2024 was $6 million, a significant improvement from $(5) million in Q4 2023, exceeding the guidance of $(1) million[26] - Non-GAAP net income for Q4 2024 was $(1) million, compared to $(6) million in Q4 2023, also exceeding the guidance of $2-$4 million[26] - Non-GAAP cost of revenue decreased from 51% of revenue in Q4 2023 to 47% in Q4 2024[30] - Adjusted EBITDA margin improved from (13%) in 2022 to 4% in 2024[34] Future Outlook - The company projects revenue between $765 million and $785 million for 2025, indicating a year-over-year growth of 20% to 23%[37] - Adjusted EBITDA is projected to be between $65 million and $75 million in 2025, with an Adjusted EBITDA margin of 8% to 10%[37]