On Wednesday, CarGurus Cl A got a positive adjustment to its Relative Strength (RS) Rating, from 86 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating identifies 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.
Decades of market research shows that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
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CarGurus Cl A is now considered extended and out of buy range after clearing an 18.77 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth increased last quarter from -48% to -21%. But revenue gains fell from -16% to -46%.
The company earns the No. 8 rank among its peers in the Internet-Content industry group. Opera ADR, LegalZoom.com and Weave Communications are among the top 5 highly rated stocks within the group.
