Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate ACV Auctions Inc before investing.

In this article, we go over a few key elements for understanding ACV Auctions Inc’s stock price such as:

• ACV Auctions Inc’s current stock price and volume
• Why ACV Auctions Inc’s stock price changed recently
• Upgrades and downgrades for ACVA from analysts
• ACVA’s stock price momentum as measured by its relative strength

About ACV Auctions Inc (ACVA)

Before we jump into ACV Auctions Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

ACV Auctions Inc. provides a vibrant digital marketplace for wholesale vehicle transactions and data services, which offers transparent and accurate vehicle information to its customers. The Company’s platform leverages data insights and technology to power its digital marketplace and data services, enabling its dealers and commercial partners to buy, sell and value vehicles. Its platform includes Digital Marketplace, Data Services and Data and Technology. The Digital Marketplace connects buyers and sellers of wholesale vehicles. The Data Services offers insights into the condition and value of used vehicles for transactions both on and off its marketplace and helps dealers, their end consumers, and commercial partners make more informed decisions to transact with confidence and efficiency. The Data and Technology underpins everything its do, and powers its vehicle inspections, comprehensive vehicle intelligence reports, digital marketplace, and operations automation.

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ACV Auctions Inc’s Stock Price as of Market Close

As of September 09, 2024, 4:00 PM, CST, ACV Auctions Inc’s stock price was $19.25.

ACV Auctions Inc is up 6% from its previous closing price of $18.16.

During the last market session, ACV Auctions Inc’s stock traded between $17.75 and $18.45. Currently, there are 164.38 million shares of ACV Auctions Inc stock available for purchase.

Unfortunately, ACV Auctions Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

ACV Auctions Inc Stock Price History

ACV Auctions Inc’s (ACVA) price is currently up 2.89% so far this month.

During the month of September, ACV Auctions Inc’s stock price has reached a high of $19.31 and a low of $17.75.

Over the last year, ACV Auctions Inc has hit prices as high as $19.86 and as low as $12.84. Year to date, ACV Auctions Inc’s stock is up 134.47%.

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What Caused ACV Auctions Inc Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of September 06, 2024, there was 1 analyst who downgraded ACV Auctions Inc’s stock and 4 analysts who upgraded over the last month.

Additionally, you'll want to evaluate ACV Auctions Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on ACV Auctions Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

ACV Auctions Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about ACV Auctions Inc (ACVA) by visiting AAII Stock Evaluator.

Relative Price Strength of ACV Auctions Inc

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of September 06, 2024, ACV Auctions Inc has a weighted four-quarter relative price strength of -1.98%, which translates to a Momentum Score of 54 and is considered to be Average.

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ACV Auctions Inc Stock Price: Bottom Line

As of September 9, 2024, ACV Auctions Inc’s stock price is $19.25, which is up 6% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like ACV Auctions Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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