ACV Auctions

Q2 FY2026 EarningsQ2 FY26 results were slightly below consensus on the top line but demonstrated resilience in adjusted profitability. Total revenue of $213.9M missed the $214.9M mean estimate by 0.44%, primarily due to flat auction marketplace growth despite a 39% surge in Customer Assurance revenue. Normalized EPS of $0.06 beat the $0.05 consensus, driven by effective SG&A cost management and higher Adjusted EBITDA of $20.8M. However, free cash flow was significantly pressured by floorplan finance receivable write-offs, notably from the Tricolor bankruptcy.