CarGurus Cl A had its Relative Strength (RS) Rating upgraded from 70 to 75 Friday — a welcome improvement, but still below the 80 or higher score you prefer to see.
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This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if CarGurus Cl A can continue to rebound and hit that benchmark.
While the stock is not near a proper entry right now, see if it goes on to form and break out from a proper consolidation.
Earnings growth decreased last quarter from 57% to 35%. But sales moved higher, from 2% to 4%.
The company holds the No. 8 rank among its peers in the Internet-Content industry group. Meta Platforms, Full Truck Alliance ADR 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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