ACV Auctions saw its IBD SmartSelect Composite Rating rise to 97 Monday, up from 91 the day before.
The upgrade means the stock is now outpacing 97% of all other stocks in terms of key performance metrics and technical strength.
ACV Auctions broke out earlier, but is now about -3% below the prior 21.11 entry from a cup without handle. If a stock you're tracking breaks past a buy point then declines 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout.
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The stock earns an 81 EPS Rating, meaning its recent quarterly and longer-term annual earnings growth tops 81% of all stocks.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors over the last 13 weeks.
The company posted a 0% EPS gain for Q3. Top line growth increased 44%, up from 29% in the prior quarter. That marks five consecutive reports with rising growth.
ACV Auctions earns the No. 1 rank among its peers in the Retail/Wholesale-Auto Parts industry group. Group 1 Automotive and Lithia Motors are also among the group's highest-rated stocks.
