According to our mathematical model, Stock of CV Auctions Inc. (ACVA) will go down on May 15 Monday and go up on May 16 Tuesday.
Company Profile:
ACV Auctions Inc. provides a digital marketplace for wholesale vehicle transactions and data services. The Company’s platform enables dealers and business partners to buy, sell and appraise vehicles.
It provides a digital wholesale auction marketplace to facilitate business-to-business used vehicle sales between sellers and dealers.
It helps dealers find and manage their inventory, price their vehicles, process payments, transfer titles, finance and transport vehicles.
The Company’s platform includes a digital marketplace, data services, and data and technology. The digital marketplace connects wholesale vehicle buyers and sellers.
Its core marketplace facilitates instant wholesale vehicle transactions and is accessible across multiple platforms including mobile apps, web, and directly through application programming interface (API) integration. Data services provide insight into the condition and value of used vehicles for transactions.