ACV Auctions (NASDAQ:ACVA) is a technology-enabled wholesale vehicle marketplace that connects automotive dealers through a digital auction platform. Founded in 2014 and headquartered in Buffalo, New York, the company digitizes the traditional process of buying and selling used vehicles by offering real-time auctions, thorough inspection reports and detailed condition assessments. Its platform leverages proprietary image capture tools, live video demonstrations and standardized grading to help dealers make informed purchasing decisions.
The company’s core offering includes a fully integrated auction experience accessible via web and mobile applications. Participants can list vehicles with comprehensive photo galleries, damage disclosures and third-party inspection certifications, while buyers benefit from transparent pricing data and analytics-driven insights on market values. ACV Auctions also provides optional reconditioning services, transportation logistics coordination and title services to streamline the post-sale process for both sellers and buyers.
Since its inception, ACV Auctions has expanded its footprint across the United States, now serving thousands of dealer locations in urban and rural markets alike. The company continuously invests in machine learning models and predictive analytics to enhance price guidance, reduce vehicle reconditioning times and mitigate risk. Its marketplace supports a wide range of inventory types, from late-model cars and light trucks to commercial and fleet vehicles.
Under the leadership of co-founder and CEO Will Evans and a management team with deep automotive and technology expertise, ACV Auctions has transformed how dealers source inventory, promoting greater efficiency and price transparency in the wholesale used-vehicle sector. The company remains focused on product innovation, dealer education and geographic expansion as it evolves its service offerings and platform capabilities.
