ACV Auctions Inc Shares Down 3.41 percent on Jun 13
| ACVA Stock | USD 14.15 0.35 2.54% |
About 55% of ACV Auctions' investors are presently thinking to get in. The analysis of overall sentiment of trading ACV Auctions stock suggests that some investors are interested at this time. The current market sentiment, together with ACV Auctions' historical and current headlines, can help investors time the market. In addition, many technical investors use ACV Auctions stock news signals to limit their universe of possible portfolio assets.
Shares of ACV Auctions Inc fell 3.41 percent in mid-day trading on Jun 13. The stock reached an intraday low of 15.75, before recovering slightly to 15.86,
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ACV Auctions Fundamental Analysis
We analyze ACV Auctions' financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of ACV Auctions using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of ACV Auctions based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Beta
Beta Comparative Analysis
ACV Auctions is currently under evaluation in beta category among its peers. Beta is one of the most important measures of equity market volatility. Beta can be thought of as asset elasticity or sensitivity to market. In other words, it is a number that shows the relationship of an equity instrument to the financial market in which this instrument is traded. For example, if Beta of equity is 2, it is expected to significantly outperform market when the market is going up and significantly underperform when the market is going down. Similarly, Beta of 1 indicates that an asset and market will generate similar returns over time.
ACV Auctions Potential Pair-trading
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with ACV Auctions stock to make a market-neutral strategy. Peer analysis of ACV Auctions could also be used in its relative valuation, which is a method of valuing ACV Auctions by comparing valuation metrics with similar companies.
Peers
ACV Auctions Related Equities
| PAG | Penske Automotive | 5.06 | ||||
| LAD | Lithia Motors | 4.68 | ||||
| SAH | Sonic Automotive | 3.23 | ||||
| GPI | Group 1 | 3.09 | ||||
| RUSHA | Rush Enterprises | 2.90 | ||||
| KMX | CarMax | 2.63 | ||||
| ABG | Asbury Automotive | 2.33 | ||||
| DRVN | Driven Brands | 1.68 | ||||
| KFS | Kingsway Financial | 1.59 | ||||
| CARS | Cars | 0.32 | ||||
| CARG | CarGurus | 0.29 | ||||
| KAR | KAR Auction | 0.66 | ||||
| AN | AutoNation | 0.69 |
Complementary Tools for ACV Stock analysis
When running ACV Auctions' price analysis, check to measure ACV Auctions' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy ACV Auctions is operating at the current time. Most of ACV Auctions' value examination focuses on studying past and present price action to predict the probability of ACV Auctions' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move ACV Auctions' price. Additionally, you may evaluate how the addition of ACV Auctions to your portfolios can decrease your overall portfolio volatility.
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