On Tuesday, ACV Auctions got an upgrade to its Relative Strength (RS) Rating, from 65 to 72.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if ACV Auctions can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
ACV Auctions is not currently near a potential buy zone. See if the stock goes on to build a chart pattern that could kick off a new climb.
ACV Auctions reported 0% earnings growth in the latest quarterly report. Revenue increased 29%. The company is expected to report its latest performance numbers on or around Nov. 7.
The company holds 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
