ACV Auctions

Revenue growth is increasingly recurring and activity-driven, but end-market cyclicality (used vehicle supply/demand, dealer floorplan costs, credit conditions) remains meaningful.

ACV’s model is usage-based and diversified across fees, transportation, capital, and assurance, producing more even revenue than pure transaction spreads, yet unit volumes and arbitration/title dynamics can swing quarterly cash flows. 2026 guidance calls for 11% to 13% revenue growth despite management’s view that the dealer wholesale market may decline mid-single digits, suggesting share gains but also acknowledging macro risk.

Overall, we view mid-teens growth potential with moderate variability.