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Why ACV Auctions Stock Popped Today

TheMotleyFool

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Why ACV Auctions Stock Popped Today: https://g.foolcdn.com/editorial/images/766491/used-car-shopping-china.jpg

Shares of ACV Auctions (NASDAQ: ACVA) soared Thursday after the online wholesale vehicle marketplace operator posted strong results for its fourth quarter despite challenging conditions in the used car industry. Investors also liked the company's guidance.

As a result, ACV stock finished the session up by 17.2%.

Image source: Getty Images.

Source Fool.com

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