The company forecasts mid-single-digit declines in dealer wholesale while outlining growth targets and capital return plans.
ACV Auctions Inc. announced a 2026 revenue target of $845M to $855M, alongside a $100M share repurchase authorization. The guidance reflects expectations of mid-single-digit declines in dealer wholesale volumes, a key segment for the company.
The revenue projection follows prior performance trends and aligns with broader industry challenges in wholesale markets. Analysts had anticipated conservative growth amid macroeconomic pressures, though the buyback signals confidence in long-term value.
No immediate market reaction was disclosed, but the dual announcement of guidance and capital return may influence investor sentiment.