ACV Auctions Inc. (ACVA)

17.45 -0.38 (-2.13%) At close: 04:00PM EDT

ACV Auctions Inc.

640 Ellicott Street
Suite 321
Buffalo, NY 14203
United States
800 553 4070
https://www.acvauto.com

Sector(s): Consumer Cyclical
Industry: Auto & Truck Dealerships
Full-time employees: 2,170

Key executives

Name	Title	Pay	Exercised	Year born
Mr. George G. Chamoun	CEO & Director	1.23M	N/A	1976
Mr. William R. Zerella	Chief Financial Officer	910.74k	2M	1958
Mr. Vikas Mehta	Chief Operating Officer	909.32k	3.42M	1977
Mr. Michael Waterman	Chief Sales Officer	852.61k	N/A	1970
Mr. Craig Eric Anderson	Chief Corporate Development & Strategy Officer	797.3k	4.08M	1978
Mr. Bahman Koohestani	Chief Technology Officer	N/A	N/A	1962
Mr. Timothy M. Fox	VP of Investor Relations	N/A	N/A	N/A
Ms. Leanne Fitzgerald	Chief Legal Officer & Secretary	492.33k	N/A	1966
Ms. Maura Duggan	Associate Director of Communications	N/A	N/A	N/A
Ms. Kate Cadou Clegg	Chief Marketing Officer	N/A	N/A	N/A

Amounts are as of 31 December 2023, and compensation values are for the last fiscal year ending on that date. Pay includes salary, bonuses, etc. Exercised is the value of options exercised during the fiscal year. Currency in USD.

Description

ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles. The company's marketplace platform includes digital marketplace, which connects buyers and sellers by providing online auction, which facilitates real-time transactions of wholesale vehicles; Run List for pre-filtering and pre-screening of vehicles up to 24 hours prior to an auction taking place; ACV transportation service to enable the buyers to see real-time transportation quotes and status reports of the vehicle; ACV capital, a short-term inventory financing services for buyers to purchase vehicles; and Go Green's seller assurance service for against claims related to defects in the vehicle. It also provides remarketing centers, which offers value-added services, such as vehicle reconditioning and storage for dealers and commercial partners. In addition, the company offers data services, including True360 report, which provides cosmetic and structural vehicle assessments integrated into vehicle history reports for dealer to make wholesale and retail transaction decisions on and off the marketplace; ACV market report provides transaction data and condition reports for comparable used vehicles, including pricing data from third-party sources and allows dealers to determine pricing and valuation strategies for used vehicles; and ACV MAX inventory management software enables dealers to manage their inventory and set pricing while turning vehicles. Further, it provides data and technology through inspection, such as condition reports, virtual lift solutions, apex device, and vehicle intelligence platform; and marketplace enablement, comprising MyACV application, private marketplaces, operations automation, live appraisals, and programmatic buying service. ACV Auctions Inc. was incorporated in 2014 and is headquartered in Buffalo, New York.

Corporate governance

ACV Auctions Inc.’s ISS governance QualityScore as of 29 April 2024 is 9. The pillar scores are Audit: 7; Board: 6; Shareholder rights: 10; Compensation: 8.

Corporate governance scores courtesy of Institutional Shareholder Services (ISS). Scores indicate decile rank relative to index or region. A decile score of 1 indicates lower governance risk, while 10 indicates higher governance risk.