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ACV Auctions Inc. 8-K Filings

ACVA NYSE

Every 8-K that ACV Auctions Inc. (ACVA) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow ACVA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ACVA filings page.

Rhea-AI Summary

ACV Auctions Inc. (ACVA) agreed to be acquired by Copart, Inc. via a cash tender offer and follow-on merger. Copart, through a wholly owned subsidiary, will offer $10.50 in cash per ACV share, with all remaining shares converted into the same cash consideration in a subsequent merger, leaving ACV as a wholly owned Copart subsidiary.

The offer must begin within 5–7 business days after the September 10, 2026 merger agreement and remain open at least 10 business days. Completion is conditioned on more than 50% of ACV shares being tendered, required antitrust clearances under the Hart-Scott-Rodino Act, absence of blocking court orders, and other customary conditions; there is no financing condition. Certain stockholders owning about 4.1% of ACV’s shares agreed to tender. The agreement includes a no-shop with a fiduciary out, a $57.7 million termination fee payable by ACV in specified circumstances, and a $115.3 million reverse termination fee payable by Copart under certain regulatory-related failures.

A joint press release states the $10.50 price implies about $1.9 billion in equity value and represents premiums of approximately 45% to ACV’s unaffected August 10, 2026 closing price and 41% to its 30-day VWAP through September 9, 2026.

Rhea-AI Summary

ACV Auctions Inc. reported second quarter 2026 revenue of $213.9 million, up 10% year over year, including marketplace and service revenue of $189.2 million and customer assurance revenue of $24.7 million. Marketplace GMV was $2.7 billion and marketplace units were 211,472, both approximately flat.

The company recorded a GAAP net loss of $8.2 million (‑$0.05 per share), compared with a $7.3 million loss a year earlier, but generated non-GAAP net income of $10.4 million and Adjusted EBITDA of $20.8 million, up from $18.6 million. ACV reaffirmed full‑year 2026 guidance for revenue of $845–$855 million (11–13% growth) and Adjusted EBITDA of $73–$77 million, while still expecting a GAAP net loss of $49–$44 million.

ACV announced a CFO transition: William Zerella will resign as CFO effective August 10, 2026 and remain in a non‑executive transition role through October 2, 2026. Timothy Fox, currently Vice President of Investor Relations and Strategic Finance, will become CFO effective August 11, 2026, with a $399,000 base salary, 80% target bonus, and equity awards totaling $1.5 million at grant-date value, plus severance and change‑in‑control protections.

Rhea-AI Summary

ACV Auctions Inc. reported the results of its Annual Meeting of Stockholders held on May 27, 2026. Stockholders elected Brian Hirsch and Eileen Kamerick as Class II directors, with Hirsch receiving 119,948,565 votes for and Kamerick receiving 74,632,549 votes for.

Stockholders also approved, on a non-binding advisory basis, the executive compensation, with 107,042,519 votes for and 13,646,539 against. In addition, they ratified the appointment of Ernst & Young LLP as independent registered public accounting firm for the fiscal year ending December 31, 2026, with 146,535,078 votes for and 741,269 against.

Rhea-AI Summary

ACV Auctions Inc. entered into an accelerated share repurchase agreement with Citibank, N.A. to repurchase $50 million of its common stock as part of its existing share repurchase program. The company will pay $50 million to Citibank on May 13, 2026 and expects an initial delivery of approximately 70% of the shares initially underlying the agreement.

The final number of shares repurchased will be determined based on the volume-weighted average price of ACV’s stock on specified dates during the term of the agreement, less a discount and subject to customary adjustments. The transactions are expected to be completed no later than the fourth quarter of fiscal 2026, under terms detailed in the Master Confirmation attached as an exhibit.

Rhea-AI Summary

ACV Auctions reported record first quarter 2026 results while staying profitable on a non-GAAP basis and authorizing a sizable buyback. Revenue reached $204.2 million, up 12% year over year, driven by marketplace and services revenue of $182.2 million and customer assurance revenue of $22.0 million. Marketplace GMV was $2.7 billion and units were 213,492, both growing modestly.

ACV posted a GAAP net loss of $10.9 million, narrowing from a $14.8 million loss a year earlier, while delivering non-GAAP net income of $7.3 million and Adjusted EBITDA of $17.1 million, above the high end of guidance. The company reaffirmed 2026 guidance, including revenue of $845–$855 million and Adjusted EBITDA of $73–$77 million, and expects the dealer wholesale market to decline in the mid-single digits.

The board authorized a $100 million share repurchase program and intends to enter a $50 million accelerated share repurchase under this authorization. ACV ended the quarter with $341.0 million in cash and cash equivalents and $200 million of long-term debt.

Rhea-AI Summary

ACV Auctions Inc. reported strong fourth-quarter and full-year 2025 results, highlighted by revenue growth and improving profitability metrics. Fourth-quarter revenue reached $184 million, up 15% year over year, while full-year revenue grew 19% to $760 million. Fourth-quarter GAAP net loss narrowed to $20 million and full-year GAAP net loss improved to $66 million. Non-GAAP net income was roughly breakeven in the quarter and $30 million for the year. Adjusted EBITDA was $8 million in the quarter and $59 million for 2025, both exceeding the high end of guidance and more than doubling year over year.

For 2026, ACV expects total revenue of $845–$855 million, implying 11–13% growth, with GAAP net loss between $54–$50 million and Adjusted EBITDA of $73–$77 million, an increase of 24–31%. First-quarter 2026 guidance calls for revenue of $200–$204 million, non-GAAP net income of $5–$7 million, and Adjusted EBITDA of $14–$16 million, signaling continued margin expansion as the business scales.

Rhea-AI Summary

ACV Auctions Inc. disclosed that on December 12, 2025, it amended the Revolving Credit and Security Agreement for its subsidiary ACV Capital Funding II LLC. The amendment increases the committed size of ACV Capital II’s revolving credit facility from $125.0 million to $200.0 million and extends the Scheduled Commitment Termination Date from June 20, 2026 to December 10, 2027.

The amendment also revises certain definitions, including Concentration Limits, Eligible Dealers and Eligible Vehicles, and reduces the Applicable Margin used to calculate the interest rate on loans under the facility by 0.25%. Citibank, N.A. continues as administrative agent, and the full text of Amendment No. 1 is attached as an exhibit.

Rhea-AI Summary

ACV Auctions Inc. furnished an update on its business by announcing financial results for the quarter ended September 30, 2025. The company disclosed this via a press release dated November 5, 2025, furnished under Item 2.02 of a Form 8-K.

The press release is included as Exhibit 99.1 and is incorporated by reference. The information in Item 2.02, including Exhibit 99.1, is being furnished and is not deemed “filed” for purposes of Section 18 of the Exchange Act.

Rhea-AI Summary

ACV Auctions Inc. reports that a customer of its wholly owned subsidiary, ACV Capital LLC, has filed for Chapter 7 bankruptcy. ACV Capital had previously provided this customer with a floorplan line of credit, and approximately $18 million in aggregate principal was outstanding at the time of the filing.

The borrowings are secured by vehicles, and the company is evaluating the status and valuation of this collateral and any needed provision for doubtful receivables tied to these loans. ACV Auctions states it cannot yet determine the amount of losses it expects to incur or the impact on its financial results and plans to pursue all available remedies to protect its interests.

Rhea-AI Summary

ACV Auctions Inc. furnished a press release announcing its financial results for the quarter ended June 30, 2025. The substantive results are contained in Exhibit 99.1 rather than in the body of this Form 8-K, so the current report not itself provide(s) the numeric metrics.

The company states that the information in Item 2.02 and Exhibit 99.1 is furnished and therefore not deemed "filed" for purposes of Section 18 of the Exchange Act. The filing also includes an embedded Inline XBRL cover page (Exhibit 104). The report is executed on behalf of the registrant by Chief Financial Officer William Zerella.