ACV Auctions Inc. (ACVA)

ACV Auctions operates a digital marketplace platform for wholesale used vehicle transactions and related data services. Its mission is to build the most trusted and efficient marketplace for buying and selling used vehicles, using data and technology to give dealers and commercial partners transparent, accurate vehicle information. The platform helps customers source and manage inventory, price vehicles, process payments, transfer titles, manage arbitrations, and finance and transport vehicles. The company was incorporated in Delaware in December 2014.

The platform has four parts. The digital marketplace centers on online auctions in several formats, accessible by mobile app, desktop and API, plus Run List pre-screening, ACV Transportation, ACV Capital (short-term floorplan inventory financing) and Customer Assurance offerings such as Go Green seller assurance and price guarantees. Remarketing centers across the United States offer onsite and digital auctions along with reconditioning and storage. Data services include True360 Reports, the ACV Market Report, the ACV MAX inventory management and pricing software, and the recently added ClearCar AI trade-in tools. The underlying data and technology covers condition report inspections, Virtual Lift undercarriage imaging, Apex engine-sound sensors, vehicle intelligence and pricing engines, the MyACV app, private marketplaces, operations automation and programmatic buying.

Customers are used vehicle dealers and commercial partners such as fleet, rental car and financial sector consignors. In 2025 the marketplace had 22,062 active buyers and 14,905 active sellers, generating $10.4 billion of Marketplace GMV. Customers are served by account managers, territory managers, sales development teams and more than 800 vehicle condition inspectors (VCIs), and the company acquires customers through digital marketing, direct marketing and outbound business development. Auction volume is seasonal, with the fourth quarter and winter typically weaker.

ACV relies on third-party carrier partners for transportation and on third-party market data and vehicle history report providers such as CarFax and AutoCheck. It protects its intellectual property through trademarks, copyrights, trade secrets, patents and contractual restrictions. It mainly competes with large national auction companies including Manheim, Adesa (a Carvana subsidiary) and OPENLANE, as well as smaller physical auction chains, independent auctions and smaller digital marketplaces. The business is subject to state and federal regulation of vehicle wholesale, financing and transportation, as well as data privacy and e-commerce laws. As of December 31, 2025, it had over 3,200 employees. Its headquarters are in Buffalo, New York.