ACV
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Location
Headquarters: Buffalo, New York, United States, North America
Region: New York
Country: US
Continent: North America
About
ACV Auctions operates as an online dealer auction marketplace that enables car dealers to source, bid on, and sell wholesale used vehicles, with nationwide vehicle inventory and real-time inspection-driven data. The company provides transportation, financing, and appraisal tools to streamline the wholesale process for dealers across the United States. Headquartered in Buffalo, New York, ACV Auctions emphasizes transparency, efficiency, and nationwide reach in its online auction ecosystem.
ACV operates a digital wholesale marketplace for used vehicles, connecting dealers to source, bid on, and sell inventory. The platform provides data insights, transportation, and financing services to streamline the wholesale automotive process. Its ecosystem includes brands such as ACV Auctions, ACV Transportation, and ACV Capital.
ACV Auctions, Inc.
2014
for_profit
active
Industries
Primary Industry: Retail
Categories
Funding & Financials
Series E
764000000
200m-1b
ipo
NASDAQ:ACVA
nasdaq
Investors
Founders
Dan Magnuszewski
Jack Greco
Joseph Neiman
Leadership
Andrew J. Shaevel — Chief Experience Officer
Vikas Mehta — Chief Operating Officer
Sallie Reid — Chief People Officer
Bill Zerella — Chief Financial Officer
Bahman Koohestani Koohestani — Chief Technology Officer
Joe Peacock — VP of Engineering
Leanne J. Fitzgerald — Chief Legal Officer and Secretary
Dan Magnuszewski — board_member
Technology Stack
Products
Online Auto Auction Marketplace: A digital platform for licensed car dealers to buy and sell used vehicles through timed online auctions.
Vehicle Inspection and Condition Reporting: A nationwide vehicle inspection service providing detailed condition reports including photos, engine sounds, and diagnostic scans for auction vehicles.
ACV Transportation: A nationwide vehicle shipping service for dealers, offering open and enclosed transport with a vetted carrier network and integrated tracking.
ACV Capital: A financing service offering dealers transparent, flexible floor financing solutions for purchasing used vehicle inventory.
Guaranteed Sale Program: A program allowing dealers to sell vehicles with a guaranteed minimum price and keep any additional auction upside.
ACV Pro: A mobile app that allows dealers to inspect vehicles immediately after trade-in and launch them to auction quickly using ACV's inspection tools.
Funding rounds
IPO · (2021-03-24)
Series E · $55M · (2020-09-03) · Lead: Durable Capital Partners
Secondary Market · (2020-06-01) · Lead: Akkadian Ventures
Connect
Connect
Open positions(4)
- Machine Learning Engineer III, DataPremiumFull-timeWork from OfficeToronto, ON, Canada
- Machine Learning Engineer III, DataFull-timeWork from OfficeBuffalo, NY, USA
- Machine Learning Engineer IV, DataPremiumFull-timeWork from OfficeToronto, ON, Canada
- Machine Learning Engineer IV, DataFull-timeWork from OfficeBuffalo, NY, USA