Spyglass Capital Management LLC Increases Stock Position in ACV Auctions Inc.
| ACVA Stock | USD 22.62 0.09 0.40% |
About 62% of ACV Auctions' investor base is looking to short. The analysis of overall sentiment of trading ACV Auctions stock suggests that many investors are alarmed 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.
ACV |
Spyglass Capital Management LLC boosted its stake in ACV Auctions Inc. by 69.1 percent during the 3rd quarter, according to the company in its most recent filing with the Securities Exchange Commission. The institutional investor owned 2,614,245 shares of the companys stock after purchasing an additional 1,068,356 shares during the quarter.
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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.
Revenue
Revenue Comparative Analysis
ACV Auctions is currently under evaluation in revenue category among its peers. Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
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
| CARS | Cars | 0.86 | ||||
| RUSHA | Rush Enterprises | 0.73 | ||||
| CARG | CarGurus | 0.48 | ||||
| KAR | KAR Auction | 0.45 | ||||
| LAD | Lithia Motors | 0.19 | ||||
| DRVN | Driven Brands | 0.06 | ||||
| ABG | Asbury Automotive | 0.08 | ||||
| PAG | Penske Automotive | 0.14 | ||||
| AN | AutoNation | 0.18 | ||||
| KFS | Kingsway Financial | 0.45 | ||||
| GPI | Group 1 | 0.46 | ||||
| KMX | CarMax | 0.73 | ||||
| SAH | Sonic Automotive | 1.13 |
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