ACVA
ACV Auctions Inc.

ACV Auctions Inc.ACVA

Consumer Cyclical · Auto & Truck Dealerships
10.50USD
+0.00%
Nov 09, 2026
ACVA overview ready
Dealer-to-dealer digital wholesale vehicle auction platform
ACV is a direct operator of a dealer-to-dealer digital wholesale vehicle marketplace, monetizing auction transactions and attached inspection/data, transportation, inventory-finance, and dealer-workflow services.
Theme not measured
No economic group is assigned yet.
Consolidating price action
Longer-term context reads early recovery, with a near-term setup of breakout attempt.
Demanding valuation
The price embeds expectations that run ahead of the cash the business currently produces.
Solid fundamentals
Ev / sales is strong.
Primary risk
Dependence on automotive industry cyclicality.
Market Oct 16Filing Jun 30Price action Oct 25

Conviction Level

Theme Momentum has no canonical measurement for this company — a research-profile dimension, not an input to this score.

PriceAction8.9BusinessPerformance4.0BusinessQuality4.2Valuation2.2ThemeMomentum—Decelerating — Revenue is still growing (+10% YoY), but growth has slowed for 3 consecutive quarters, down from +17%. The company is still loss-making: the diluted loss per share widened to -$0.05 from -$0.04 a year earlier. — From filed financial statements. Describes the recent trajectory of the business, not the stock. 20 of the 100 Conviction points.

Conviction uses Price Action, Business Performance, Business Quality, Valuation. Theme Momentum is research context, not an input.

Theme momentumPrimary theme · group context, not entry timing
No economic group yet — pending research
Price
Loading price history…

Price Action

Consolidating price action
Longer-term context reads early recovery, with a near-term setup of breakout attempt.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$1.8B
Avg Volume (60D)
12.4M
60 sessions
Revenue Growth YoY
+19.2%
FY2025 vs FY2024
Gross Margin
+26.8%
Operating Margin
-7.1%
Trailing twelve months
Free Cash Flow Yield
+1.6%
P/E
N/M
EV / Sales
2.2x
Market metrics as of Oct 16, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026

Business Performance

Decelerating

Revenue is still growing (+10% YoY), but growth has slowed for 3 consecutive quarters, down from +17%. The company is still loss-making: the diluted loss per share widened to -$0.05 from -$0.04 a year earlier.

Latest reported: Q2 FY2026, ended Jun 30
Revenue growthSlowing
+10%
$214M in Q2 FY2026 · YoY
YoY growth, last 4 quarters
  1. +17%
  2. +15%
  3. +12%
  4. +10%
Earnings growthLoss widening
-$0.05
Diluted EPS -$0.05 vs -$0.04 a year earlier · GAAP
Too few comparable EPS quarters: a loss or a turn to profit has no meaningful percentage.
Operating marginStable
-2.8%
+0.9 pp YoY

Business Quality

4.2 / 10

How well the business earns on its assets, converts earnings to cash and funds itself — read from its SEC filings.

Fundamentals & Valuation

All three valuation perspectives agree this company is expensive.
ACV Auctions Inc. has an Expensive valuation stance because the price embeds expectations that run ahead of the cash the business currently produces. It trades at 2.2x revenue, which requires sustained delivery to be justified.

Company Research

Thesis
ACV is a direct operator of a dealer-to-dealer digital wholesale vehicle marketplace, monetizing auction transactions and attached inspection/data, transportation, inventory-finance, and dealer-workflow services. This is a real, company-independent automotive-commerce theme, and ACV is a direct beneficiary rather than a vague adjacency.
Opportunity
Limited opportunity
Dealer and commercial sellers increasingly use digital marketplaces, standardized vehicle-condition data, integrated logistics, and transaction services to source and remarket used vehicles more efficiently than through fragmented physical wholesale-auction workflows.
Key risk
Dependence on automotive industry cyclicality.

Economic classification

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Business & Markets

Consumer Cyclical · Auto & Truck Dealerships
What they do

ACV Auctions operates a digital wholesale auction marketplace that connects used vehicle dealers to facilitate business-to-business sales through real-time online auctions and integrated services.

How it earns

The company generates revenue primarily through transactional fees on auction sales and ancillary services such as inspection data, transportation, and inventory financing.

Products & services
Digital wholesale vehicle auction platform
Vehicle condition inspection and data services
Transportation logistics service
Short-term inventory financing
Customers & end markets
Used vehicle dealerships (buyers and sellers)
Commercial vehicle sellers
Market position

ACV Auctions is a leading operator in the dealer-to-dealer digital wholesale vehicle marketplace segment.

Demand drivers
Medium cyclicality

Demand for used vehicle remarketing services correlates with automotive sales cycles and broader economic conditions affecting vehicle turnover.