CarGurus Cl A had its Relative Strength (RS) Rating upgraded from 68 to 72 Wednesday — a welcome improvement, but still below the 80 or higher score you look for.
Can You Really Time The Stock Market?
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if CarGurus Cl A can continue to show renewed price strength and hit that benchmark.
While it's not currently an ideal time to buy shares, see if the stock manages to offer and clear an appropriate buy point.
While the company's bottom line growth dropped in the company's most recent quarterly report from 57% to 35%, revenue rose 4%, up from 2% in the prior report.
The company earns the No. 11 rank among its peers in the Internet-Content industry group. Kanzhun ADR, Meta Platforms and Pinterest are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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