ACV Auctions Inc.
- ACV Auctions said revenue in the fourth quarter declined 2% to $98 million and net loss shrank to $24.5 million from $26.3 million a year ago. Vehicles sold on auction marketplace declined 10% to 124,751 units and gross merchandise volume fell 29% to $1.8 billion.
In 2022, revenue increased to $421.5 million from $358.4million and net loss expanded to $102.2 million from $78.2 million and diluted loss per share rose to 65 cents from 62 cents a year ago. Vehicles sold on auction platform fell 3% to 546,088 units but gross merchandise volume increased 14% to $9 billion.
Feb 22, 2023
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