How to Buy Acv Auctions Stock
Acv Auctions Inc
ACV Auctions Inc. operates a digital marketplace that connects buyers and sellers for the online auction of wholesale vehicles.
Acv Auctions stock last closed at $17.72, down 1.34% from the previous day, and has increased 45.6% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.72 percentage points. Acv Auctions stock is currently +45.84% from its 52-week low of $12.15, and -9.31% from its 52-week high of $19.54.
As of Apr 25, 2024, there are 163.89M ACVA shares outstanding. The market capitalization of ACVA is $2.90B. In the last 24 hours, 440,268 ACVA shares were traded.
How to Buy Acv Auctions Stock
Wondering how to invest in Acv Auctions stock? Here's how.
- Choose where to buy Acv Auctions stock: You need to decide on a stock brokerage, but don't worry - we've analyzed dozens of online brokerages and apps to help you determine where to buy Acv Auctions stock.
- Create your brokerage account: Sign up for 0% fee trading with the highest-rated brokerage we've selected.
- Deposit money your investment account: Choose your method of payment and add your information.
- Evaluate Acv Auctions stock: The Acv Auctions ticker symbol is ACVA. Is Acv Auctions stock a good investment? Should you buy shares of ACVA? How do ACVA's underlying business fundamentals look? Do top analysts think Acv Auctions is a good buy? Why has ACVA's stock price moved recently? (Hint: Our stock research website can help you decide if ACVA is a good stock to buy).
- Place your ACVA buy order: Decide if you will purchase ACVA shares at the current market price or use a limit order to purchase ACVA stock at a specific price.
- Keep an eye on your ACVA investment: Create a watchlist to track your new investment in Acv Auctions stock.
Step 1: Choose where to buy Acv Auctions stock
You need a brokerage account to access the NASDAQ market and buy ACVA shares.
Our preferred brokerage: eToro
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- Social investing: eToro offers a community of more than 20 million users around the world. Talk to, learn from, and copy the unique crypto portfolios of top investors.
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Open eToro AccountStep 2: Create your brokerage account
Now that you've picked the best brokerage, you'll need to fill out some personal details so you can buy ACVA stock today.
How to Start a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Enter your personal data to open your new trading account.
- Send your details by clicking the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have opened your account on the best app for stock investing, your next step is to transfer the money for your investment:
Watch this video walkthrough for more details transferring money into your brokerage account.
Step 4: Evaluate Acv Auctions stock
After you have selected the best place to buy Acv Auctions stock, it's absolutely critical to research their stock before you invest, so you actually wrap your head around the risk as well as the opportunity.
Acv Auctions shares at a glance
Acv Auctions Fundamentals
WallStreetZen was built to help everyday investors perform more in-depth fundamental analysis in minutes instead of hours.
You can view all of the due diligence checks on ACVA's stock page.
Is ACVA stock undervalued or overvalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge ACVA's fair value.
Using relative valuations methods:
- ACVA may be overvalued based on its P/B ratio of 6.36x, relative to Auto & Truck Dealerships industry P/B ratio of 2.35x
You can do more valuation research on ACVA's stock here.
ACVA Financial Health Summary
Positive Health Checks:
- There are more short-term assets than long-term liabilities on the ACVA balance sheet.
- ACVA has $530.37M in cash and short term investments. This is sufficient to cover its annual cash burn of $46.06M.
- There are more short-term assets than short-term liabilities on the ACVA balance sheet.
- ACVA has cash burn of 46055000. It has sufficient cash and short-term investments to cover this for at least one year.
- ACVA profit margin has gone up from -24.2% to -15.6% in the past year.
Negative Health Checks:
- ACVA has a relatively high debt to equity ratio of 1.02.
Do analysts think it's a good time to buy ACVA stock
Out of 2 sell side analysts who give forecasts on ACVA, the consensus analyst rating on ACVA is a Buy
Please note that analyst ratings are not recommendations, nor are they investment advice.
You can dive deeper into what analysts are saying on the Acv Auctions stock forecast page.
ACVA Technicals
ACVA Revenue
Last year, ACVA revenue was $481.23M. In the last 4 year, ACVA's revenue has grown by 45.68% per year. This was faster than the Auto & Truck Dealerships industry average of 18.11%.
Dig into ACVA's earnings and revenue performance here.
Are ACVA insiders buying or selling the stock?
Over the past 12 months, executives and large shareholders at ACVA have sold more shares than they have bought.
William Zerella, Chief Financial Officer of ACVA, was the latest ACVA insider to sell. They sold $558,025.00 worth of ACVA shares on Apr 16, 2024.
Dig into more about who owns ACVA shares here.
Does ACVA stock generate passive income?
No, Acv Auctions doesn't provide an income stream by paying out dividends.
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Step 5: Place your ACVA buy order
There are two primary types of orders:
- Market order: A market order is an order to buy or sell a security at the best possible price.
Market orders are usually the best for newer investors. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to be sure you're buying or selling at an exact dollar amount limit, use a limit order.
Hit the Open button and your broker will execute the order.
If you require additional help with buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your ACVA investment
Now that you own some ACVA stock, you'll want to keep up with your investment.
Start a watchlist to get alerted to the latest events about your ACVA stock.
ACVA Feed
How to Buy Stock in Acv Auctions
To summarize, here are the 6 steps you need to take to buy Acv Auctions stock right now:
- Choose where to buy Acv Auctions stock
- Create your brokerage account
- Deposit money your investment account
- Evaluate Acv Auctions stock
- Place your ACVA buy order
- Keep an eye on your ACVA investment
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your investment in Acv Auctions, click the button below.
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