CarGurus Cl A saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 94 the day before.
The new rating shows the stock is outpacing 96% of all stocks when it comes to the most important stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
CarGurus Cl A has now climbed above a proper buy zone after clearing the 26.90 entry in a flat base.
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The stock earns a 95 EPS Rating, which means its recent quarterly and annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company posted a 32% rise in earnings for Q3. Sales growth rose 5%, up from -9% in the prior quarter. That marks one quarter of rising revenue gains.
CarGurus Cl A earns the No. 3 rank among its peers in the Internet-Content industry group. Meta Platforms is the No. 1-ranked stock within the group.
