| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 35 | — | 17.8x | Bottom tier | |
Growth | 70 | 13.3% | 7.1% | Top tier | |
Quality | 39 | -8.9% | 4.5% | Bottom tier | |
Safety | 40 | — | 2.6x | Around median | |
Capital Return | 35 | — | 2.12% | Bottom tier | |
Momentum | 53 | -33.5% | 2.9% | Around median | |
Sentiment | 62 | 8 | 3 | Around median |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
ACV Auctions operates a digital marketplace for wholesale used vehicle sales, connecting dealers and commercial sellers with buyers while providing inspection, pricing, auction, and assurance services. The company generates revenue through three interconnected streams: auctions and assurance, marketplace services such as ACV Transport and ACV Capital, and software and data products such as ACV MAX, ClearCar, and ViPR. In fiscal Q2 2026, auctions and assurance accounted for 55% of revenue, marketplace services 41%, and software and data services 4%.
Fiscal Q2 2026 revenue reached a record $214 million, up 10% year over year, with 211 thousand vehicles sold despite an approximately 6% contraction in the dealer-to-dealer wholesale market. Adjusted earnings before interest, taxes, depreciation, and amortization were $21 million, exceeding the high end of guidance, while non-GAAP net income was $10 million, at the high end of guidance. Marketplace services grew 17%, compared with 6% for auctions and assurance and 3% for software and data services.
Full accounting results still reflect an unprofitable growth stage; ACV recorded a net loss of $10.9 million and negative earnings per share of $0.06 in fiscal Q1 2026, following a net loss of $66.1 million in fiscal 2025. In fiscal Q2 2026, non-GAAP cost of revenue as a percentage of revenue increased by approximately 300 basis points, primarily due to a higher mix of no-reserve auctions, but an approximately 300-basis-point decline in non-GAAP operating expenses as a percentage of revenue helped protect adjusted earnings growth.
Automated analysis for informational purposes only — not investment advice.
The analyst consensus is Buy with an average target of $10.17, within a wide range of $7 to $13; the average is approximately 15% below the 52-week range high of $11.91, while the highest target exceeds that high. No comparable price-to-earnings ratio is available because accounting losses persist, including a net loss of $62.2 million during the trailing twelve-month period ended in 2026, so the valuation depends heavily on achieving revenue growth of 11% to 13% and adjusted earnings expansion in fiscal 2026.
Figures in the text are as of 2026-09-02; the live price is shown at the top of the page.
ACV generates revenue from auctions and assurance, marketplace services, and software and data products. In fiscal Q2 2026, auctions and assurance represented 55% of revenue, compared with 41% for marketplace services and 4% for software and data services. Key services include ACV Transport and ACV Capital, while digital products include ACV MAX, ClearCar, and ViPR.
Revenue was $214 million, up 10% year over year, with 211 thousand vehicles sold. The company generated adjusted earnings before interest, taxes, depreciation, and amortization of $21 million and non-GAAP net income of $10 million. These results were achieved despite an approximately 6% contraction in the dealer-to-dealer wholesale market, while adjusted earnings per vehicle increased 11%.
ACV launched the commercial availability of ViPR on August 10, 2026, following an early access program, and was engaged with half of the top 50 dealer groups in the United States. The product helps dealers inspect and price customer vehicles and identify additional service opportunities within the service lane. Some dealers reported acquiring 20 to 50 additional vehicles per month, while the company targets building more than 100 units during fiscal 2026 and sees potential demand exceeding 500 units in fiscal 2027, without having approved a final plan for that year as of the call date.
Management expects revenue of $845 million to $855 million in fiscal 2026, equivalent to growth of 11% to 13%. It also expects adjusted earnings before interest, taxes, depreciation, and amortization of $73 million to $77 million, representing approximately 27% growth, and an approximately 100-basis-point expansion in its margin. For fiscal Q3 2026, it expects revenue of $219 million to $225 million and adjusted earnings of $21 million to $24 million.
The conversion rate declined by approximately 300 to 350 basis points in fiscal Q2 2026 due to the gap between seller and buyer prices, affecting unit growth by approximately 600 basis points. Non-GAAP cost of revenue as a percentage of revenue also increased by approximately 300 basis points due to a higher mix of no-reserve auctions. Annual guidance depends in part on improved conversion and the impact of approximately $10 million in marketplace investments emerging during the second half of fiscal 2026.
On the August 10, 2026 call, the company thanked William Zerella for his contributions during his tenure as chief financial officer and for his role during the initial public offering and the expansion of ACV's business. It announced the appointment of Timothy Fox as chief financial officer, after he had served as vice president of investor relations. The provided information did not include additional details about William Zerella's next step, so his destination or any other leadership changes cannot be inferred.
