ACV Auctions Inc.
ACVA Consumer Cyclical Auto & Truck Dealerships
ACV Auctions Inc.’s revenue for fiscal 2025 (year ended December 2025) was $759.6 million, up 19.2% from fiscal 2024. In the quarter to June 2026, revenue grew 10.5%, EPS fell 25.0%, free cash flow fell 2,967.2% and total debt rose 9.92%, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.
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ACV Auctions Inc. (ACVA) Altman Z-score
ACV Auctions Inc.'s Altman Z-score for fiscal 2025 is 1.31, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 1.31 | (2.53) |
| FY2024 | 3.84 | 0.67 |
| FY2023 | 3.16 | 1.28 |
| FY2022 | 1.88 | (1.73) |
| FY2021 | 3.61 | — |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.23 | — | 0.28 | |
| Retained earnings / total assets | (0.52) | — | −0.73 | |
| EBIT / total assets | (0.06) | — | −0.19 | |
| Market value of equity / total liabilities | 2.09 | — | 1.25 | |
| Sales / total assets | 0.70 | — | 0.70 | |
| Altman Z-score | Distress zone | 1.31 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | 0.12 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| CARG CarGurus, Inc. compare | 11.6× |
| RUSHB Rush Enterprises, Inc. compare | 3.9× |
| GPI Group 1 Automotive, Inc. compare | 3.4× |
| SAH Sonic Automotive, Inc. compare | 3.4× |
| ABG Asbury Automotive Group, Inc. compare | 2.6× |
| VVV Valvoline compare | 2.4× |
| BGSI Boyd Group Services Inc. compare | 2.3× |
| ACVA ACV Auctions Inc. | 1.3× |
| DRVN Driven Brands Holdings Inc. compare | 0.7× |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets