Is ACV Auctions Inc. (ACVA) the Best Used Car Stock to Buy According to Hedge Funds? [Yahoo! Finance]
ACV Auctions Inc. - Class A (ACVA)
Company Research
Source: Yahoo! Finance
Used Car Prices Decline: What Buyers Need to Know The used car market plays a vital role in the automotive industry by providing affordable vehicle options. The market also supports economic growth by creating jobs in sales, financing, and maintenance while promoting sustainability through the reuse of vehicles. According to IMARC Group, the United States used car market size reached 36.1 million units in 2023?. Looking forward, the market is expected to grow at a compound annual growth rate (CAGR) of 3.5% during 2024-2032 to reach 50.36 million units by ?the end of the forecasted period. The used car market is experiencing notable changes as prices have continued to decline, creating a more favorable environment for buyers. In Q2 2024, the average price of used vehicles fell by 6.8% year-over-year, dropping from $29,382 to $27,319, according to data from Edmunds. Despite this decline in used car values, the average time it takes to sell a used vehicle remains almost unchanged
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ACVA
News
- ACV to Participate in the 4th Annual Needham Consumer Tech / Ecommerce Virtual ConferenceGlobeNewswire
- ACV Auctions Inc. (ACVA) Q3 2024 Earnings Call Transcript [Seeking Alpha]Seeking Alpha
- ACV Auctions Inc. (NASDAQ: ACVA) had its price target raised by analysts at Needham & Company LLC from $23.00 to $26.00. They now have a "buy" rating on the stock.MarketBeat
- ACV Auctions Inc (ACVA) Q3 2024 Earnings Call Highlights: Record Revenue and Strategic Growth ... [Yahoo! Finance]Yahoo! Finance
- ACV Auctions's (NASDAQ:ACVA) Q3: Beats On Revenue, Stock Soars [Yahoo! Finance]Yahoo! Finance
ACVA
Earnings
- 11/7/24 - Miss
ACVA
Sec Filings
- 11/20/24 - Form 4
- 11/18/24 - Form 144
- 11/18/24 - Form 144
- ACVA's page on the SEC website