In a welcome move, CarGurus Cl A saw its Relative Strength Rating improve from 70 to 73 on Tuesday.
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This exclusive rating from Investor's Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if CarGurus Cl A can continue to show renewed price strength and hit that benchmark.
CarGurus Cl A is working on a cup with handle with a 35.38 entry. See if it can break out in volume at least 40% above average.
While EPS growth dropped in the prior quarter from 57% to 35%, revenue rose 4%, up from 2% in the prior report. Keep an eye out for the company's next round of numbers on or around Aug. 7.
CarGurus Cl A earns the No. 10 rank among its peers in the Internet-Content industry group. Kanzhun ADR, Pinterest and Meta Platforms 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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