ACVA Stock Summary and Trading Ideas (Acv Auctions - Class A | NASDAQ:ACVA)

ACV Auctions Inc is a mobile platform for wholesale car auctions. It provides a digital marketplace for wholesale vehicle transactions and data services that offer transparent and accurate vehicle information for customers.

Acv Auctions - Class A trades on the NASDAQ stock market under the symbol ACVA.

As of April 24, 2024, ACVA stock price declined to $17.99 with 224,168 million shares trading.

ACVA has a beta of 1.91, meaning it tends to be more sensitive to market movements. ACVA has a correlation of 0.29 to the broad based SPY ETF.

ACVA has a market cap of $2.97 billion. This is considered a Mid Cap stock.

Last quarter Acv Auctions - Class A reported $118 million in Revenue and -$.14 earnings per share. This beat revenue expectation by $117,000 and exceeded earnings estimates by $.01.

In the last 3 years, ACVA stock traded as high as $35.73 and as low as $6.10.

The top ETF exchange traded funds that ACVA belongs to (by Net Assets): VTI, VB, IWM, VXF, VBK.

ACVA has outperformed the market in the last year with a return of +52.3%, while the SPY ETF gained +24.2%. In the last 3 month period, ACVA beat the market returning +28.0%, while SPY returned +4.5%. However, in the most recent 2 weeks ACVA has underperformed the stock market by returning -3.5%, while SPY returned -2.7%.

ACVA support price is $17.85 and resistance is $18.85 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ACVA stock will trade within this expected range on the day.