Jun 07, 2022 / 05:15PM GMT
Nathaniel Holmes Schindler - BofA Securities, Research Division - Director in Equity Research
We have with us Investor Relations for ACV Auctions. Actual Cash Value, that's what that stands for. It took me about probably 4 months into the IPO process before I even knew what that meant.
Questions and Answers:
Nathaniel Holmes Schindler - BofA Securities, Research Division - Director in Equity ResearchSo Actual Cash Value Auctions. Tim, why don't you jump it off. You guys have a relatively new IPO in those cohorts from '20 and '21, where you know kind of got lost in the more recent COVID macro noise. Can you -- so a lot of people would look -- probably, it would help for people to know what you guys really do. Can you just go over the business and give a basic introduction?
Timothy M. Fox - ACV Auctions Inc. - VP of IR
Sure. Happy to. Thanks for having us here, Nat. So ACV was founded in -- basically in 2016 with this idea that the automotive wholesale market, which is a big market, was being served primarily
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