Business Summary

ACV Auctions Inc. provides a digital marketplace for wholesale vehicle transactions and data services. The Company's platform enables dealers and commercial partners to buy, sell, and value vehicles. It provides a digital wholesale auction marketplace to facilitate business-to-business used vehicle sales between sellers and dealers. It helps dealers' source and manage inventory and price their vehicles as well as process payments, transfer titles, finance and transport vehicles. The Company's platform encompasses a digital marketplace, data services and data and technology. The digital marketplace connects buyers and sellers of wholesale vehicles. Its core marketplace facilitates instant transactions of wholesale vehicles, and is accessible across multiple platforms including mobile apps, Web, and directly through application programming interface (API) integration. The data services offer insights into the condition and value of used vehicles for transactions.