Used car prices continue to drop as demand for cars shoots up [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 online new and used vehicle shopping site, released its U.S. 2024 October Intelligence Report this week, showing that new vehicle inventory was increasing and used vehicle inventory levels were stabilizing. The shift in supply and stronger-than-expected demand in the second half have brought down the average used vehicle list price to $28,200, 5% lower than a year ago, when the average price was $29,700, the report stated. In September, the average used vehicle listing price was $28,400. The average listing price for a new vehicle last month was $49,700, down from $50,700 a year ago. The listing price is the average price dealers ask, whereas the average transaction price data is from actual sales in October. Because of the much lower average used vehicle price, used cars are selling more quickly than new vehicles. "Although demand increased for both new and used vehicles in October, improvements in used car pricing and inventory have particularly driven shoppers t
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News
- PartnerCentric Adds Adobe Analytics Data & Advanced Lift Insights to FUSE [Yahoo! Finance]Yahoo! Finance
- CarGurus, Inc. (NASDAQ: CARG) was upgraded by analysts at Citigroup Inc. from a "hold" rating to a "strong-buy" rating.MarketBeat
- CarGurus to Present at RBC Capital Markets 2024 Global Technology, Internet, Media and Telecommunications ConferenceGlobeNewswire
- CarGurus, Inc. (NASDAQ: CARG) had its price target raised by analysts at Royal Bank of Canada from $30.00 to $42.00. They now have an "outperform" rating on the stock.MarketBeat
- CarGurus, Inc. (NASDAQ: CARG) had its price target raised by analysts at B. Riley from $30.00 to $40.00. They now have a "buy" rating on the stock.MarketBeat
CARG
Earnings
- 11/7/24 - Beat
CARG
Sec Filings
- 11/14/24 - Form SC
- 11/14/24 - Form SC
- 11/12/24 - Form 4
- CARG's page on the SEC website