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August 11 , 2021 ACV ACV Announces Second Quarter 2021 Results Increases Full Year 2021 Guidance • Second quarter total revenue of $ 97.4 million , up 117 % YoY • GAAP net loss of $ 9.7 million , compared to GAAP net loss of $ 4.4 million in second quarter 2020 • Adjusted EBITDA loss of $ 3.7 million , compared to Adjusted EBITDA loss of $ 1.5 million in second quarter 2020 • Raises 2021 revenue guidance to a range of $ 332 to $ 338 million ; YoY growth of 59 % to 62 % BUFFALO , N.Y. , Aug. 11 , 2021 ( GLOBE NEWSWIRE ) -- ACV ( Nasdaq : ACVA ) , the leading online automotive marketplace for dealers , today reported results for its second quarter ended June 30 , 2021 . " We were very pleased with our strong results in the second quarter , which were driven by continued market share gains , growing adoption of ACV's value - added services , and favorable conditions in the automotive market , ” said George Chamoun , CEO of ACV . " Our investments in geographic expansion , and new platform features and offerings , are creating long - term growth drivers for our business to address the large market opportunity ahead of us . And , with the recent acquisition of MAX Digital we have broadened our suite of data services and digital solutions that we believe further strengthens our leading market position , " concluded Chamoun . Second Quarter 2021 Highlights • Revenue of $ 97.4 million , an increase of 117 % year over year . • Marketplace and Service revenue of $ 83.9 million , an increase of 119 % year over year . • Auction Marketplace revenue of $ 46.6 million , an increase of 98 % year over year . • Marketplace GMV of $ 2.1 billion , an increase of approximately 234 % year over year . • Marketplace Units of 153,274 , an increase of 74 % year over year . • Adjusted EBITDA loss of $ 3.7 million , compared to Adjusted EBITDA loss of $ 1.5 million in second quarter 2020 . Third Quarter and Full Year 2021 Guidance