ACV Auctions, a digital marketplace for wholesale used cars, is showing strong growth thanks to its stock performance, but it's not all smooth sailing. The company is leveraging tech to streamline auctions, but it also faces stiff competition and market uncertainties. Think of it as a rising star with some bumps in the road.

Editor’s Note: ACV Auctions is a key player in the digital auto sales space, and its performance gives us a snapshot of how tech is changing traditional industries. If you're into fintech or used-car markets, this matters because it highlights both the opportunities and hurdles in digitizing old-school sectors. Plus, it’s a good barometer for how investors feel about niche marketplaces right now.