ACV Auctions, Inc.

Overview

• Operates a digital marketplace platform for buying and selling used wholesale vehicles, supported by data services and technology.
• Enables dealers and commercial partners to source, price, transport, finance, and transfer vehicles using data-driven insights and AI-powered tools.
• Operates remarketing centers in the United States to support auction services and related activities.

Business model and marketplace platform

• Digital marketplace
  • Online auction platform for real-time wholesale vehicle transactions between sellers and buyers.
  • Run List for pre-filtering and pre-screening vehicles before auctions.
  • Transportation services through a nationwide network of carrier partners with real-time quotes.
  • ACV Capital provides floorplan financing for buyers.
  • Customer Assurance (Go Green) offers protections for disclosed and undisclosed vehicle defects.
  • Private Marketplaces deliver co-branded, customized auction experiences for dealer groups and commercial partners.
  • Programmatic Buying and SAM (Smart Acquisition Manager) enable API-based integration and automated bidding for customers using their own platforms.
• Remarketing centers
  • Provide auction channels and value-added services such as reconditioning and storage for fleet, rental, and finance customers.
• Data services
  • True360 Reports: proprietary, vehicle-specific inspections and intelligence.
  • ACV Market Report: transactional data and valuations for comparable vehicles.
  • ACV MAX: inventory management software that improves pricing and turn rates with predictive analytics.
• Data and technology
  • Inspection products and tools include Condition Reports, Virtual Lift (undercarriage view), Apex (engine acoustics sensor), Vehicle Intelligence, and MyACV (customer gateway).
  • Platform supports inventory management, pricing, and post-sale services including payments, arbitration, title transfer, and transportation.
• Insurance, guarantees, and compliance
  • Offers auto-insurance options, price guarantees, and compliance features to increase dealer confidence and reduce transaction friction.

Key metrics (as of 2025)

• Marketplace activity
  • Active Marketplace Buyers: 22,062
  • Active Marketplace Sellers: 14,905
  • Marketplace GMV: $10.4 billion
  • GMV change vs. prior year: up 9% (buyers up 5%, sellers up 4%)
• Customers and workforce
  • Employees: over 3,200 teammates
  • Field-operations personnel: more than 800 VCIs (vehicle commerce interpreters/in-country sales roles)
• Financials
  • Revenue: $759.6 million (2025); $637.2 million (2024)
  • Net income (loss): net loss of $66.1 million (2025); net loss of $79.7 million (2024)
  • Accumulated deficit: $568.5 million as of December 31, 2025

Corporate information

• Incorporated: December 2014 (Delaware)
• Headquarters: 640 Ellicott Street, Buffalo, New York 14203
• Principal offices and other facilities: United States
• Website: www.acvauto.com

Market position and competition

• Competes with large national auction companies (for example, Manheim, Adesa, OPENLANE) and smaller digital marketplace entrants.
• Focuses on a data-driven, transparent, digital-first approach to the wholesale vehicle market.

Notes

• The company emphasizes a marketplace flywheel: increased participation improves data and efficiency, which drives liquidity, pricing, and service expansion.
• Maintains a growth-focused approach with ongoing investments in technology, data, and geographic expansion while managing cash flow and profitability priorities.