ACV Auctions, Inc. Class A (ACVA)

Over the past six months, ACV Auctions' stock has experienced a notable decline of 67.44%. In February 2026, the stock tumbled 15.1% following its Q4 2025 earnings report, despite beating sales forecasts but missing earnings projections. Full-year 2025 sales grew 19%, and losses narrowed compared to the previous year. Management projects total revenue between $845 million and $855 million for 2026, implying 11-13% growth, but anticipates continued GAAP net losses. Insider trading activity included CEO George Chamoun acquiring shares in December 2025, January 2026, and March 2026.

Demand seasonality for ACV Auctions' products and services generally follows normal seasonal patterns. However, in Q3 2025, the company observed elevated wholesale price depreciation that deviated from normal seasonal patterns due to affordability issues stemming from high interest rates and increasing vehicle prices.

ACV Auctions, Inc. operates a digital marketplace for business-to-business wholesale used vehicle sales, categorized in the Consumer Discretionary sector. The company's primary offering is its Digital Marketplace, complemented by data services providing insights into vehicle condition and value. Key products and services include ACV Transportation, ACV Capital, and Go Green assurance. The company also utilizes proprietary technology for vehicle inspections and offers data and SaaS products like ACV MAX and ClearCar.

ACV Auctions has a significant geographic presence across North America, serving every major U.S. market and having expanded into Canada. The company operates in over 150 major territories within the U.S., with a strong foothold in the Northeast and Midwest. It is also experiencing accelerating growth in regions like the Sun Belt, Texas, and Florida.

In the past year, ACV Auctions has solidified its brand reputation by transitioning to an institutional utility within the wholesale used car market. Its data-rich platform is widely referenced, and its commitment to transparency and machine learning-driven pricing has been instrumental. However, the company has faced challenges, including a slowdown in standalone auction marketplace revenue and a decrease in the supply of used vehicles. The bankruptcy of a former customer, Tricolor, resulted in an $18.7 million credit-loss provision for ACV Capital.

Ownership of ACV Auctions is primarily concentrated among institutional asset managers, with The Vanguard Group being the largest single holder. Other major institutional shareholders include BlackRock, Inc., Atreides Management, LP, and William Blair Investment Management, Llc. Insiders, including CEO George Chamoun, collectively hold roughly 4% of the company, with George Chamoun personally owning 1.96% of the shares.