Used car market stabilizing following years in flux [Yahoo! Finance]
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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Source: Yahoo! Finance
CarGurus, an automotive shopping website, released its U.S. 2024 October Intelligence Report earlier this month and found an influx of 2022 and 2024 models helped offset the overall decline in used vehicles caused by significant drops in 2020 and 2021 listings, per the report. Additionally, the CarGurus Used Vehicle Availability Index increased 2.3% month over month in October but levels remain down 2% year over year, according to the report which discovered the shift in supply combined with stronger than anticipated demand for used vehicles helped stabilize prices in the third quarter. Used car prices began to decline again in October, down 0.9% month over month and 5% year over year, per the report. Bob Sheridan, owner of D&S Auto Sales on South Washington Avenue in Scranton, expressed optimism that vehicle purchases will pick up at his shop. “Sales have been a little slow for everybody across the city because (people) were worried about the general election and where the i
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News
- CarGurus Study Uncovers Shift in Car Shopper Sentiment as Prices and Selection Improve [Yahoo! Finance]Yahoo! Finance
- CarGurus Study Uncovers Shift in Car Shopper Sentiment as Prices and Selection ImproveGlobeNewswire
- 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
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