On Monday, CarGurus Cl A received an upgrade to its Relative Strength (RS) Rating, from 69 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of above 80 as they launch their biggest runs. See if CarGurus Cl A can continue to rebound and clear that threshold.
CarGurus Cl A is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could kick off a new climb.
Earnings growth dropped last quarter from 57% to 35%, but the top line rose from 2% to 4%.
The company holds the No. 7 rank among its peers in the Internet-Content industry group. Kanzhun ADR, Meta Platforms and Full Truck Alliance ADR 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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