ACV Auctions Inc. operates a digital marketplace and remarketing centers for buying and selling used vehicles. The company provides data and technology services that help dealers and commercial partners acquire inventory set prices and manage transactions. Its platform connects wholesale buyers and sellers across the United States. The mission is to build a trusted and efficient marketplace that offers transparent vehicle information and enables confident transactions.

The company generates revenue primarily from transaction fees on its marketplace. It also earns fees from value added services such as transportation financing and assurance. Additionally revenue comes from data and technology offerings including subscription access to reports and analytics. Customers pay for services that facilitate the full vehicle transaction journey including inspection title transfer payment processing and logistics.

The company operates through the following segments.

• Digital Marketplace: This segment provides an online auction platform where dealers buy and sell wholesale vehicles in real time. It supports multiple access points including mobile apps desktop and API integration. The segment also offers tools such as run list pre screening and access to transportation financing and assurance services.

• Remarketing Centers: This segment operates physical locations that host on site auctions and launch vehicles into the digital marketplace. It provides additional services such as vehicle reconditioning storage and vehicle preparation for commercial partners. The centers help fleet rental car and financial sector consignors prepare vehicles for sale.

• Data Services: This segment delivers insights on used vehicle condition and value through reports such as True360 Report ACV Market Report and ACV MAX inventory management software. It helps dealers price inventory and make informed buying and selling decisions both on and off the marketplace. The segment also provides commercial inspection reports that assist partners in valuing fleet and rental vehicles.

• Data and Technology: This segment supplies the underlying technology that powers inspections vehicle intelligence marketplace enablement and operations automation. It includes products such as inspection tools virtual lift sensor arrays and pricing engines that support the entire transaction process. The segment also develops proprietary algorithms that improve vehicle valuation and fraud detection.

ACV Auctions Inc. holds a growing position in the wholesale used vehicle auction market competing with established players such as Manheim Adesa and OPENLANE. In 2025 the platform had 22,062 active Marketplace Buyers and 14,905 active Marketplace Sellers generating $10.4 billion Marketplace GMV. These figures reflect growth of 5% in buyers 4% in sellers and 9% in GMV compared to the prior year. Its competitive advantage stems from a transparent digital approach a comprehensive suite of value added services and a rapidly expanding data and technology moat that enhances trust and efficiency for dealers.

The company serves a broad base of wholesale dealers including independent operators and large dealer groups as well as commercial partners such as fleet operators rental car companies and financial institutions that consign vehicles for auction. It also supports dealers who use its data services to manage retail inventory and offer trade in solutions to end consumers. The customer base spans geographic regions across the United States.