Quarterly ResultMay 6, 2026, 04:21 PM
ACV Q1 Revenue $204M, Adj EBITDA $17M; Authorizes $100M Buyback
AI Summary
ACV Auctions reported record first-quarter 2026 revenue of $204 million, a 12% increase year-over-year, with Adjusted EBITDA reaching $17 million, exceeding guidance. The company also announced a $100 million share repurchase authorization, including a $50 million accelerated share repurchase program. Despite challenging market conditions, ACV reaffirmed its full-year 2026 revenue guidance of $845 million to $855 million and Adjusted EBITDA guidance of $73 million to $77 million.
Key Highlights
- ACV authorized a $100 million share repurchase program, including a $50 million accelerated share repurchase.
- Q1 2026 revenue reached a record $204 million, an increase of 12% year-over-year.
- Q1 2026 Adjusted EBITDA was $17 million, exceeding the company's guidance.
- Q1 2026 GAAP net loss improved to ($11) million, compared to ($15) million in Q1 2025.
- Marketplace GMV increased 5% year-over-year to $2.7 billion in Q1 2026.
- Full-year 2026 revenue guidance was reaffirmed at $845 million to $855 million.
- Full-year 2026 Adjusted EBITDA guidance was reaffirmed at $73 million to $77 million.
- The company successfully launched its AI-powered VIPER solution with dealer partners.