On Thursday, ACV Auctions cleared a key performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 76 the day before.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating as they begin their biggest price moves.
Hone Your Stock-Picking Skills By Focusing On These Factors
ACV Auctions is working on a consolidation with a 21.11 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
ACV Auctions reported 0% earnings growth in the latest quarterly report. Sales increased 29%. The next quarterly numbers are expected on or around Nov. 7.
ACV Auctions 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:
Stocks With Rising Relative Strength Ratings
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!
