InvestorsObserver is giving ACV Auctions Inc (ACVA) an Analyst Rating Rank of 62, meaning ACVA is ranked higher by analysts than 62% of stocks. The average price target for ACVA is $23.75 and analyst’s rate the stock as a Strong Buy.
Wall Street analysts are rating ACVA a Strong Buy today. Find out what this means to you and get the rest of the rankings on ACVA!
Why are Analyst Ratings Important?
Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected.
InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.
What's Happening With ACV Auctions Inc Stock Today?
ACV Auctions Inc (ACVA) stock is trading at $8.17 as of 10:08 AM on Thursday, May 12, a loss of -$0.03, or -0.32% from the previous closing price of $8.20. The stock has traded between $7.52 and $8.49 so far today. Volume today is low. So far 220,495 shares have traded compared to average volume of 969,446 shares.
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