INFORMATION ABOUT KEY OPERATING AND FINANCIAL METRICS AND NON-GAAP FINANCIAL MEASURES
Statements in this presentation regarding future performance and future expectations, beliefs, goals, plans or prospects include forward looking statements for purposes of federal and state securities laws, including statements regarding ACV's avenues for long term growth and total addressable market expansion, our financial guidance for the fourth quarter and full year of 2022, and 2026 financial targets, and operational and product strategy. Any statements that are not statements of historical fact (including statements containing the words "believes," "plans," "anticipates," "expects," "intends" or "estimates" or similar expressions) should also be considered to be forward-looking statements. These forward looking statements are subject to risk and uncertainties and involve factors that could cause actual results to differ materially form those expressed or implied from such statements. A discussion of the risks and uncertainties related to our business is contained in our Quarterly Report on Form 10-Q for the quarter ended September 30, 2022 filed on November 9, 2022 and other fillings and reports that we may file from time to with the Securities and Exchange Commission. Our remarks during today's discussion should be considered to incorporate this information by reference. We do not intend, and undertake no obligation, to update any forward-looking statements.
This presentation contains estimates and other statistical data made by independent parties and us relating to data about our industry. This involves a number of assumptions and limitations, and you are cautioned not to give undue weight to such data. Neither we nor any other person makes any representation as to the accuracy or completeness of such data or undertakes any obligation to update such data after the date of this presentation.
This presentation refers to certain operating and financial metrics that are not calculated in accordance with U.S. generally accepted accounting principles or GAAP. These non-GAAP financial measures are in additional to, and not as a substitute or superior too, measures of financial performance in accordance with GAAP. Reconciliations of the non-GAAP measures, including Adjusted EBITDA to net loss and non-GAAP operating expenses to GAAP operating expenses are included in the appendix to this presentation.
01
HIGHLIGHTS
George Chamoun
C H I E F E X E C U T I V E O F F I C E R
Q 3 - 2 2 _ E A R N I N G S
N O V _ 9 _ 2 0 2 2
HIGHLIGHTS
Q3-21
$92M Revenue
YoYRevenue
36% Growth
$2.0B GMV
Marketplace
141K Units
Q3-22
$105M
15%
$2.1B
133K
4
MAXIMIZING LONG - TERM
SHAREHOLDER VALUE
GROWTH
INNOVATION
SCALE
Transforming the automotive market with
Leveraging technology to extend ACV's
Proven business model delivering
the leading digitally native, data-driven
competitive moat and to create additional
growth at scale, with attractive
platform, creating the most trusted and
growth vectors with an expanding suite of
Marketplace cohort dynamics, and
efficient marketplace in the industry.
innovative products and data services.
long-term operating leverage.
5
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ACV Auctions Inc. published this content on 09 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2022 21:18:41 UTC.
ACV Auctions Inc. provides a vibrant digital marketplace for wholesale vehicle transactions and data services, which offers transparent and accurate vehicle information to its customers. The Companyâs platform leverages data insights and technology to power its digital marketplace and data services, enabling its dealers and commercial partners to buy, sell and value vehicles. Its platform includes Digital Marketplace, Data Services and Data and Technology. The Digital Marketplace connects buyers and sellers of wholesale vehicles. The Data Services offers insights into the condition and value of used vehicles for transactions both on and off its marketplace and helps dealers, their end consumers, and commercial partners make more informed decisions to transact with confidence and efficiency. The Data and Technology underpins everything its do, and powers its vehicle inspections, comprehensive vehicle intelligence reports, digital marketplace, and operations automation.