On Thursday, CarGurus Cl A received an upgrade to its Relative Strength (RS) Rating, from 69 to 73.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their largest price moves. See if CarGurus Cl A can continue to rebound and hit that benchmark.
CarGurus Cl A is not currently offering a proper buying opportunity. See if the stock goes on to form a base that could launch a new move.
While EPS growth decreased in the company's most recently reported quarter from 57% to 35%, the top line rose 4%, up from 2% in the previous report.
CarGurus Cl A earns the No. 10 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR, Kanzhun ADR 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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