CarGurus Study Uncovers Shift in Car Shopper Sentiment as Prices and Selection Improve
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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Source: GlobeNewswire
Seventh annual survey finds consumer satisfaction and buying power on the rise as shoppers increasingly tap the power of online tools to research and guide their decisions BOSTON, Dec. 17, 2024 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today released its seventh annual U.S. Consumer Insights Report2, examining shopper trends along the car buying and selling journey. Findings show year-over-year increases in buyer satisfaction, a decline in need-based purchases, and a rise in seller confidence as more consumers tap the power of online tools to inform their decisions. These shifts come at a time when vehicle pricing and selection have improved. According to CarGurus data, new car inventory increased by 31% year-over-year, helping moderate prices. Similarly, average used car prices have decreased by 3% over the same period as inventory has stabilized. In light of this, fewer
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News
- CarGurus Study Uncovers Shift in Car Shopper Sentiment as Prices and Selection Improve [Yahoo! Finance]Yahoo! Finance
- CarGurus, Inc. (NASDAQ: CARG) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $46.00 price target on the stock.MarketBeat
- The last new car you can buy for less than $20,000 — and it's going away soon [USA TODAY]USA TODAY
- Market breadth woes, Trump tariffs to hit toys: Asking for a Trend [Yahoo! Finance]Yahoo! Finance
- Media M&A outlook, Bidenomics: Market Domination Overtime [Yahoo! Finance]Yahoo! Finance
CARG
Earnings
- 11/7/24 - Beat
CARG
Sec Filings
- 12/20/24 - Form 4
- 12/18/24 - Form 4
- 12/18/24 - Form 4
- CARG's page on the SEC website