Company Description
ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles.
The company's marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green's seller assurance service for against claims related to defects in the vehicle.
It also provides remarketing centers, which offers value-added services, such as vehicle reconditioning and storage for dealers and commercial partners.
In addition, the company offers data services, including True360 report, which provides cosmetic and structural vehicle assessments integrated into vehicle history reports for dealer to make wholesale and retail transaction decisions on and off the marketplace; ACV market report provides transaction data and condition reports for comparable used vehicles, including pricing data from third-party sources and allows dealers to determine pricing and valuation strategies for used vehicles; and ACV MAX inventory management software enables dealers to manage their inventory and set pricing while turning vehicles.
Further, it provides data and technology through inspection, such as condition reports, virtual lift solutions, apex device, and vehicle intelligence platform; and marketplace enablement, comprising MyACV application, private marketplaces, operations automation, live appraisals, and programmatic buying service.
ACV Auctions Inc. was incorporated in 2014 and is headquartered in Buffalo, New York.
| Country | United States |
| Founded | 2014 |
| IPO Date | Mar 24, 2021 |
| Industry | Auto & Truck Dealerships |
| Sector | Consumer Discretionary |
| Employees | 2,170 |
| CEO | George G. Chamoun |
Contact Details
Address: 640 Ellicott Street Buffalo, New York 14203 United States | |
| Phone | 585-317-0406 |
| Website | acvauctions.com |
Stock Details
| Ticker Symbol | ACVA |
| Exchange | NASDAQ |
| Fiscal Year | January - December |
| Reporting Currency | USD |
| IPO Price | $25.00 |
| CIK Code | 0001637873 |
| CUSIP Number | 00091G104 |
| ISIN Number | US00091G1040 |
| Employer ID | 47-2415221 |
| SIC Code | 7389 |
Key Executives
| Name | Position |
|---|---|
| George G. Chamoun | Chief Executive Officer and Director |
| William R. Zerella | Chief Financial Officer |
| Vikas Mehta | Chief Operating Officer |
| Leanne Fitzgerald | Chief Legal Officer and Secretary |
| Michael Waterman | Chief Sales Officer |
| Bahman Koohestani | Chief Technology Officer |
| Timothy M. Fox | Vice President of Investor Relations |
| Maura Duggan | Associate Director of Communications |
| Craig Eric Anderson | Chief Corporate Development and Strategy Officer |
| Kate Cadou Clegg | Chief Marketing Officer |
Latest SEC Filings
| Date | Type | Title |
|---|---|---|
| Apr 17, 2024 | ARS | Filing |
| Apr 17, 2024 | DEFA14A | Additional definitive proxy soliciting materials and Rule 14(a)(12) material |
| Apr 17, 2024 | DEF 14A | Other definitive proxy statements |
| Apr 16, 2024 | 144 | Filing |
| Apr 9, 2024 | 144 | Filing |
| Apr 2, 2024 | 144 | Filing |
| Mar 28, 2024 | 144 | Filing |
| Mar 19, 2024 | 144 | Filing |
| Mar 19, 2024 | 144 | Filing |
| Mar 15, 2024 | 144 | Filing |