(ACVA) ACV Auctions - Ratings and Ratios

ACV Auctions Inc. is a digital marketplace that facilitates the online auction of wholesale vehicles, connecting buyers and sellers through its platform. The company's digital marketplace provides a range of features, including online auctions that enable real-time transactions, as well as a Run List that allows buyers to pre-filter and pre-screen vehicles up to 24 hours prior to an auction. Additionally, the platform offers ACV transportation services, which provide buyers with real-time transportation quotes and status reports for vehicles, and ACV capital, a short-term inventory financing service that enables buyers to purchase vehicles. The company also offers a seller assurance service, known as Go Green, which protects against claims related to defects in vehicles.

The company's platform also includes a range of value-added services, such as remarketing centers that offer vehicle reconditioning and storage for dealers and commercial partners. Furthermore, ACV Auctions provides data services, including the True360 report, which offers cosmetic and structural vehicle assessments integrated into vehicle history reports, enabling dealers to make informed wholesale and retail transaction decisions. The company also provides the ACV market report, which offers transaction data and condition reports for comparable used vehicles, including pricing data from third-party sources, allowing dealers to determine pricing and valuation strategies for used vehicles. The ACV MAX inventory management software is another key feature, enabling dealers to manage their inventory and set pricing while turning vehicles.

ACV Auctions also provides data and technology through inspection, including condition reports, virtual lift solutions, the apex device, and a vehicle intelligence platform. The company's marketplace enablement features comprise the MyACV application, private marketplaces, operations automation, live appraisals, and programmatic buying services. With its headquarters in Buffalo, New York, and incorporated in 2014, ACV Auctions Inc. operates as a common stock company, classified under the GICS Sub Industry of Diversified Support Services. The company's website can be accessed at https://www.acvauto.com, and its ISIN is US00091G1040.