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 Video: What is a Stock Split?
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| ACV Auctions provides a digital wholesale auction marketplace (the Marketplace) to facilitate business-to-business used vehicle sales between a selling dealership and a buying dealership. Customers using the Marketplace are licensed automotive dealerships or other commercial automotive enterprises. Through its subsidiaries, at the election of the customer purchasing a vehicle, Co. arranges third-party transportation services for the delivery of the purchased vehicle and provides financing for the purchased vehicle. Co. also provides data services that provide insights into the condition and value of used vehicles for transactions both on and off Co.'s Marketplace. According to our ACV Auctions stock split history records, ACV Auctions has had 2 splits. | |
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ACV Auctions (ACVA) has 2 splits in our ACV Auctions stock split history database. The first split for ACVA took place on February 21, 1990. This was a 2 for 1
split, meaning for each share of ACVA owned pre-split, the shareholder now owned 2 shares. For example, a 1000 share position pre-split, became a 2000 share position following the split. ACVA's second split took place on February 21, 1997. This was a 2 for 1
split, meaning for each share of ACVA owned pre-split, the shareholder now owned 2 shares. For example, a 2000 share position pre-split, became a 4000 share position following the split.
When a company such as ACV Auctions splits its shares, the market capitalization before and after the split takes place remains stable, meaning the shareholder now owns more shares but each are valued at a lower price per share. Often, however, a lower priced stock on a per-share basis can attract a wider range of buyers. If that increased demand causes the share price to appreciate, then the total market capitalization rises post-split. This does not always happen, however, often depending on the underlying fundamentals of the business.
Looking at the ACV Auctions stock split history from start to finish, an original position size of 1000 shares would have turned into 4000 today. Below, we examine the compound annual growth rate — CAGR for short — of an investment into ACV Auctions shares, starting with a $10,000 purchase of ACVA, presented on a split-history-adjusted basis factoring in the complete ACV Auctions stock split history.
Growth of $10,000.00
Without Dividends Reinvested
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| Start date: |
03/25/2021 |
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| End date: |
09/22/2023 |
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| Start price/share: |
$30.00 |
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| End price/share: |
$14.59 |
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| Dividends collected/share: |
$0.00 |
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| Total return: |
-51.37% |
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| Average Annual Total Return: |
-25.09% |
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| Starting investment: |
$10,000.00 |
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| Ending investment: |
$4,862.56 |
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| Years: |
2.50 |
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| Date |
Ratio |
| 02/21/1990 | 2 for 1
| | 02/21/1997 | 2 for 1
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