OverviewSuggest Edit

ACV Auctions is a company that develops an online automotive marketplace for purchasing wholesale vehicles. It provides a platform that enables used-car dealers to view, bid, and purchase car inventory via online auctions. The company offers dealers a range of services including condition reports, audio motor profiles with an engine sound, search system, market reports, payments solutions, buyer assurance, and transportation.

HQBuffalo, NY, US
Employee Ratings3.7
Overall CultureD+

Latest Updates

Employees (est.) (Apr 2021)1,150(+12%)
Job Openings337
Revenue (FY, 2020)$208.4 M(+96%)
Share Price (Sept 2021)$20.4(+2%)
Cybersecurity ratingBMore

Key People/Management at ACV Auctions

George Chamoun

George Chamoun

Chief Executive Officer
Joseph Neiman

Joseph Neiman

Chief Customer Success Officer
Bill Zerella

Bill Zerella

Chief Financial Officer
Vikas Mehta

Vikas Mehta

Chief Operating Officer
Craig Anderson

Craig Anderson

Chief Corporate Development Officer
Michael Waterman

Michael Waterman

Chief Sales Officer
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ACV Auctions Office Locations

ACV Auctions has an office in Buffalo
Buffalo, NY, US (HQ)
The Innovation Center, 640 Ellicott St #321
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ACV Auctions Financials and Metrics

ACV Auctions Revenue

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ACV Auctions's revenue was reported to be $208.36 m in FY, 2020 which is a 95% increase from the previous period.

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ACV Auctions's current market capitalization is $3.1 b.
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ACV Auctions Operating Metrics

FY, 2018FY, 2019Jul, 2020FY, 2020

Gross Merchandise Volume, Marketplace

$1.8 b$3.3 b

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ACV Auctions Acquisitions / Subsidiaries

Company NameDateDeal Size
ASI GroupApril 22, 2020
1208643 B.C. LTD
ACV Capital Funding LLC
ACV Capital LLC
ACV Transportation LLC
Imperial Acquisition LLC
True Partners USA LLC

ACV Auctions Revenue Breakdown

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ACV Auctions revenue breakdown by business segment: 83.1% from Marketplace and service revenue and 16.9% from Customer assurance revenue

ACV Auctions Cybersecurity Score

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ACV Auctions Online and Social Media Presence

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ACV Auctions Company Culture

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ACV Auctions News and Updates

ACV Auctions stock opens 28% above IPO price

ACV Auctions Inc. got a bullish start to its life as a public company on Wednesday, as the New York-based provider of a digital marketplace for wholesale vehicle transactions' stock opened 28.0% above the initial public offering price. The first trade for the stock was $32.00 at 12:02 p.m. for 2.3 …

ACV Auctions IPO prices above the expected range, valuing company at nearly $4 billion

ACV Auctions Inc. announced the pricing of its initial public offering, which was above the expected range, as the New York-based provider of a digital marketplace for wholesale vehicle transactions raised $413.75 million. The IPO priced late Tuesday at $25, above the expected range of between $20 …

ACV Auctions Unveils New Product Offerings at National Auto Dealers Association Conference

LAS VEGAS, Feb. 14, 2020 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online automotive marketplace, hits the road this weekend to demo new offerings for dealers at the 2020 National Auto Dealers Association Conference in Las Vegas. Attendees can explore these recent...

ACV Auctions Growth Continues, Adding Top Talent & Territories

BUFFALO, N.Y., Sept. 17, 2019 /PRNewswire/ -- As ACV Auctions Inc., the leading dealer-to-dealer, online automotive marketplace, continues its rapid growth throughout the United States, the company is bolstering its roster of top talent with new hires and promotions – including the new...

ACV Auctions triples year-over-year sales

BUFFALO, N.Y., April 2, 2019 /PRNewswire/ -- ACV Auctions Inc., the leading dealer-to-dealer, online wholesale automotive marketplace, hit an all-time high selling more than 15,500 vehicles online in March, representing nearly 2% of all vehicles sold at auction today. ACV sold over $110...

Rapidly growing ACV Auctions adds Silicon Valley exec as COO

BUFFALO, N.Y., Jan. 25, 2019 /PRNewswire/ -- ACV Auctions, the leading dealer-to-dealer, online wholesale automotive marketplace, has hired Vikas Mehta as chief operating officer. Mehta will oversee the company's operations teams and mission to continuously improve dealers' experience...
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ACV Auctions Blogs

Marketplace 2.0 - Frequently Asked Questions

What is Marketplace 2.0? Marketplace 2.0 is a re-designed ACV Auctions experience built with our dealers in mind. Over the past five years we've received countless pieces of feedback from our dealers and we've incorporated those into a new, customizable ACV interface. What is the easiest way to

Wholesale Vehicle Pricing Strategy for Today's World

Pricing is one of the most important factors in determining a dealer's success in both wholesale and retail. Maximize your cash flow with these strategies.

Harnessing Digital Retailing for Your Dealership

As the car buying process moves online for good, digital retailing is key to extending the showroom experience to a customer. Learn more here.

Why Dealers Need to Digitize Their Operations

COVID-19 has accelerated a long-standing need for dealers to digitize their operations. Read why and how to navigate it here.

Introducing: ACV Market Report

A whole new level of transparency Determining the wholesale value of a car on both the buying and selling side of the marketplace can be a challenging task. With so many variables such as condition, age, mileage and location, it might sometimes seem like your gut and industry knowledge is

Why Dealerships Should Use Online Auto Auctions

More than ever, dealers need to turn inventory quickly for cash, without an intensely laborious process. Learn how online dealer auctions do just that.
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ACV Auctions Frequently Asked Questions

  • When was ACV Auctions founded?

    ACV Auctions was founded in 2014.

  • Who are ACV Auctions key executives?

    ACV Auctions's key executives are George Chamoun, Joseph Neiman and Bill Zerella.

  • How many employees does ACV Auctions have?

    ACV Auctions has 1,150 employees.

  • What is ACV Auctions revenue?

    Latest ACV Auctions annual revenue is $208.4 m.

  • What is ACV Auctions revenue per employee?

    Latest ACV Auctions revenue per employee is $181.2 k.

  • Who are ACV Auctions competitors?

    Competitors of ACV Auctions include KAR Global, Carvana and CARS24.

  • Where is ACV Auctions headquarters?

    ACV Auctions headquarters is located at The Innovation Center, 640 Ellicott St #321, Buffalo.

  • Where are ACV Auctions offices?

    ACV Auctions has an office in Buffalo.

  • How many offices does ACV Auctions have?

    ACV Auctions has 1 office.