ACV Auctions CFO Steps Down, Tim Fox Named Successor; Q2 Revenue Reaches $214M, Guidance Reaffirmed

summarizeSummary

ACV Auctions announced the resignation of CFO William Zerella and the appointment of Tim Fox as his successor, alongside Q2 results that beat Adjusted EBITDA guidance and a reaffirmed full-year outlook.

check_boxKey Events · Executive and Board Changes · ACVA

• CFO Transition Announced

  Effective August 10, 2026, William Zerella resigned as CFO to become CFO of another company. Stepping into the role on August 11, 2026, is Tim Fox, who has served as VP of Investor Relations and Strategic Finance since 2021.

• Q2 Revenue and Profitability

  Revenue hit a record $214 million, up 10% year-over-year. Adjusted EBITDA came in at $21 million, surpassing the high end of guidance, while non-GAAP net income reached $10 million.

• Full-Year Guidance Reaffirmed

  Management reiterated its 2026 revenue guidance of $845–$855 million and Adjusted EBITDA of $73–$77 million, signaling continued profitable growth despite macroeconomic uncertainty.

• New CFO Compensation Package

  Tim Fox will receive a $399,000 base salary, an 80% target bonus, and $1.5 million in initial equity grants (RSUs and PSUs), along with standard severance and change-in-control protections.

auto_awesomeAnalysis · ACVA · Trade & Services

CFO William Zerella is departing to take a CFO role at another company, and ACV has promoted insider Tim Fox to the position. While CFO transitions always carry execution risk, the internal promotion of a 5-year veteran with deep investor relations and strategic finance experience mitigates disruption. The simultaneous Q2 earnings report shows record revenue of $214 million and Adjusted EBITDA of $21 million, beating the high end of guidance, and the company reaffirmed its full-year outlook. The combination of a leadership change and solid financial performance makes this a notable event for investors.