ACV Reports Mixed Q2 2026 Results: Revenue Up but Marketplace GMV Flat
Event summary
- ACV reported Q2 2026 revenue of $214 million, up 10% YoY.
- Marketplace GMV remained flat at $2.7 billion YoY.
- Adjusted EBITDA increased to $21 million from $19 million YoY.
- GAAP net loss narrowed slightly to ($8) million from ($7) million YoY.
The big picture
ACV's Q2 2026 results highlight a mixed performance, with solid revenue growth but stagnant marketplace GMV. The company is focusing on expanding its total addressable market (TAM) through AI-driven solutions and commercial wholesale strategies. The broader industry context includes ongoing headwinds in the dealer wholesale market, which ACV aims to navigate by stabilizing market conditions and leveraging its data services partnerships.
What we're watching
- Marketplace Stabilization
- Whether ACV can stabilize its dealer wholesale market in the second half of 2026 as anticipated.
- AI Adoption
- The pace at which AI-powered dealer solutions like VIPER will drive wallet share expansion and unit growth.
- Commercial Strategy
- How ACV's engagement with new commercial accounts and wallet share gains within existing ones will impact long-term revenue growth.
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