Critical Shifts:
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Financial Performance and Growth: ACV achieved record quarterly revenue of $204 million, representing a 12% year-over-year increase, alongside significant marketplace GMV of $2.7 billion.
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Strategic Expansion and AI Integration: The company is expanding its addressable market through the launch of AI-powered solutions like VIPER and by securing engagements with over a dozen major commercial accounts, including banks and fleet companies.
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Capital Allocation and Profitability: While reporting a GAAP net loss of $11 million—an improvement from the previous year—the company maintained a steady non-GAAP net income of $7 million and authorized a $100 million share repurchase program.
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ACV, a digital automotive marketplace and data services partner for dealers and commercial clients, reported results for its first quarter ended March 31, 2026.
ACV’s first quarter 2026 highlights showed: revenue of $204 million, an increase of 12% year over year; marketplace and service revenue of $182 million, an increase of 10% year over year; marketplace GMV of $2.7 billion, an increase of 5% year over year; marketplace Units of 213,492, an increase of 3% year over year; GAAP net income (loss) of ($11) million, compared to GAAP net income (loss) of ($15) million in the first quarter of 2025 and non-GAAP net income of $7 million, compared to non-GAAP net income of $7 million in the first quarter of 2025.
“ACV delivered solid financial results in Q1-26, reporting record revenue and Adjusted EBITDA above the high-end of guidance,” said George Chamoun, CEO of ACV. “Results were driven by continued market share gains in dealer wholesale and strong adoption of our Marketplace Services.
“Our suite of AI-powered dealer solutions gained further market traction, highlighted by the successful launch of VIPER with select dealer partners, which creates a powerful new driver of wallet share expansion and unit growth. We also continued to execute on our commercial wholesale strategy having recently engaged with over a dozen commercial accounts across major captives, banks, fleet companies, and auto finance providers. We believe that along with delivering market share gains in dealer wholesale, ACV is well positioned to expand our TAM and drive sustainable long-term revenue growth,” concluded Chamoun.
Bill Zerella, CFO, added the first quarter “results reinforce our commitment to deliver profitable growth while also increasing investments to drive dealer wholesale market share, and to support our exciting new growth initiatives.”
He said, “ACV’s Board of Directors has authorized a share repurchase program of up to $100 million and intends, in the coming days, to enter into an accelerated share repurchase program under this authorization to repurchase an aggregate of $50 million of its common stock.”
