SecProbe.io

<DOCUMENT>
<TYPE>TEXT-EXTRACT
<SEQUENCE>2
<FILENAME>filename2.txt
<TEXT>
 April 23, 2025

William Zerella
Chief Financial Officer
ACV Auctions Inc.
640 Ellicott Street, #321
Buffalo, NY 14203

 Re: ACV Auctions Inc.
 Form 10-K for Fiscal Year Ended December 31, 2023
 File No. 001-40256
Dear William Zerella:

 We have limited our review of your filing to the financial statements
and related
disclosures and have the following comment(s).

 Please respond to this letter within ten business days by providing the
requested
information or advise us as soon as possible when you will respond. If you do
not believe a
comment applies to your facts and circumstances, please tell us why in your
response.

 After reviewing your response to this letter, we may have additional
comments.

Form 10-K for Fiscal Year Ended December 31, 2024
Management's Discussion and Analysis of Financial Condition and Results of
Operations
Comparison of the Years Ended December 31, 2024 and December 31, 2023
Revenue
Marketplace and Service revenue, page 47

1. Please discuss the underlying business reasons for the changes in
marketplace and
 service revenue. We note that increases were primarily volume driven and
that buyer
 fee rates were higher for the year ended December 31, 2024 as compared
to the prior
 year, but the underlying reasons for this growth are not explained.
Refer to Item
 303(b)(2) of Regulation S-K and sections III.B.2 through III.B.4 of SEC
Release 33-
 8350.
 April 23, 2025
Page 2
Non-GAAP Financial Measures, page 50

2. We note that you exclude amortization of acquired intangible assets from
the
 calculation of Non-GAAP Net income (loss). Please expand your disclosure
to explain
 that although amortization of these acquired intangibles is being
excluded, revenue
 generated from these assets is still included in the measure and that
these assets
 contribute to revenue generation.
Notes to Consolidated Financial Statements
Note 16. Acquisitions, page 84

3. Please tell us your consideration of disclosing the amount of revenues
and earnings
 from the acquired entities since their acquisition dates included in the
consolidated
 statement of operations for the year ended December 31, 2024, and
supplemental pro
 forma financial information of the revenue and earnings of the combined
entity as
 though the business combinations that were completed during fiscal 2024
had
 occurred as of the beginning of the comparable prior annual reporting
period. Refer to
 ASC 805-10-50-2(h)(1) and ASC 805-10-50-2(h)(3), respectively, and ASC
805-10-
 50-3.
Note 19. Segment Information, page 87

4. Please tell us your consideration for disclosing how your Chief
Operating Decision
 Maker (CODM) uses the segment measure of net income (loss) in assessing
segment
 performance and deciding how to allocate resources pursuant to ASC
280-10-50-
 29(f). Refer to the implementation guidance for a a single reportable
segment entity in
 ASC 280-10-55-54c.

 In closing, we remind you that the company and its management are
responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review,
comments,
action or absence of action by the staff.

 Please contact Robert Shapiro at 202-551-3273 or Theresa Brillant at
202-551-3307
with any questions.

 Sincerely,

 Division of
Corporation Finance
 Office of Trade &
Services
</TEXT>
</DOCUMENT>