ACV Auctions Inc.

Some of these limitations include that (1) it does not consider the impact of stock-based compensation expense (2) although amortization is a non-cash charge, the underlying assets may need to be replaced and non-GAAP net income (loss) does not reflect these capital expenditures (3) it does not consider the impact of any contingent consideration liability valuation adjustments and (4) they do not consider the impact of other one-time charges, such as acquisition-related and restructuring expenses, which could be material to the results of our operations.

SEC original ↗ACV Auctions Inc. — Earnings release (8-K exhibit)EX-99Aug 10, 2026

The carrying values of the 10 Table of Contents Company's revolving credit facility and revolving warehouse facility were determined to approximate their fair values due to their duration and variable interest rates that approximate prevailing interest rates as of each reporting period.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026

Borrowings There have been no material changes to the Company s borrowing arrangements since those disclosed in the Annual Report on Form 10-K for the year ended December 31, 2025.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026

2021 Revolver As of June 30, 2026 and December 31, 2025, outstanding borrowings under the Company's revolving credit facility (the "2021 Revolver") were $ 80.0 million and $ 70.0 million, respectively, and there were outstanding letters of credit issued under the 2021 Revolver in the amount of $ 3.1 million and $ 3.1 million, respectively, decreasing the availability under the 2021 Revolver by a corresponding amount.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026

As of June 30, 2026, the interest rate on the outstanding borrowing was 6.47 %.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026

Warehouse Facility As of June 30, 2026 and December 31, 2025, borrowings under the Company's revolving warehouse facility (the "Warehouse Facility") were $ 125.0 million and $ 120.0 million, respectively.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026

Traction for our AI-powered dealer solutions remains strong, highlighted by the continued expansion of VIPER with our dealer partners, which we believe creates a powerful new driver of wallet share expansion and unit growth.

SEC original ↗ACV Auctions Inc. — Earnings release (8-K exhibit)EX-99Aug 10, 2026

We also executed on our commercial wholesale strategy by engaging new commercial accounts and gaining wallet share within existing accounts across major captives, banks, fleet companies, and auto finance providers.

SEC original ↗ACV Auctions Inc. — Earnings release (8-K exhibit)EX-99Aug 10, 2026

ACV's second quarter results again reinforce our commitment to delivering profitable growth while investing in our go-to-market team and new growth initiatives, said Bill Zerella, CFO of ACV.

SEC original ↗ACV Auctions Inc. — Earnings release (8-K exhibit)EX-99Aug 10, 2026

All statements other than statements of historical facts contained in this Quarterly Report on Form 10-Q including statements regarding our future results of operations or financial condition, business strategy and plans and objectives of management for future operations, are forward-looking statements.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026

Some of the information contained in this discussion and analysis, including information with respect to our financial condition or results of operations, business strategy and plans and objectives of management for future operations, includes forward-looking statements that involve risks and uncertainties as described under the heading Special Note Regarding Forward-Looking Statements in this Form 10-Q.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026

We delivered these results while facing ongoing headwinds in the dealer wholesale market.

SEC original ↗ACV Auctions Inc. — Earnings release (8-K exhibit)EX-99Aug 10, 2026

The forward-looking statements contained in this presentation are based on ACV s current assumptions, expectations and beliefs and are subject to substantial risks, uncertainties and changes in circumstances that may cause ACV s actual results, performance or achievements to differ materially from those expressed or implied in any forward-looking statement.

SEC original ↗ACV Auctions Inc. — Earnings release (8-K exhibit)EX-99Aug 10, 2026

These and other risks and uncertainties are more fully described in our filings with the Securities and Exchange Commission ( SEC ), including in the section entitled Risk Factors in our Form 10-K for the year ended December 31, 2025, filed with the SEC on February 23, 2026.

SEC original ↗ACV Auctions Inc. — Earnings release (8-K exhibit)EX-99Aug 10, 2026

In light of these risks, uncertainties and assumptions, we cannot guarantee future results, levels of activity, performance, achievements, or events and circumstances reflected in the forward-looking statements will occur.

SEC original ↗ACV Auctions Inc. — Earnings release (8-K exhibit)EX-99Aug 10, 2026

Legal Proceedings 36 Item 1A.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026

Exhibits 39 Signatures 41 Table of Contents SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS This Quarterly Report on Form 10-Q contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, about us and our industry that involve substantial risks and uncertainties.

SEC original ↗ACV Auctions Inc. — 10-Q Quarterly report10-QAug 10, 2026