ACV Auctions

Evidence of pricing leverage exists: 2025 average revenue per marketplace unit rose and management cited higher buyer fee rates and greater attach of transportation/financing services. Marketplace and service revenue was $678 million on $10.4 billion of GMV, implying a ~6.5% take on marketplace+services (about 7.3% including assurance).

That said, powerful rivals are actively upgrading digital experiences and could restrain further fee hikes. We see modest, steady take‑rate expansion supported by data/assurance bundles, but not unconstrained pricing.