CarGurus News

CarGurus Seeking Alpha / Aug 7, 2020

CarGurus (CARG -9.7%) moves lower after the company reported lower marketplace subscription revenue of $79.96M (-38% Y/Y) on operations shutdown in Germany, Italy, and Spain in its active cost-saving efforts. However, total revenue of $94.7M (-34.7% Y/Y) beats by $8.15M.During the quarter, the company reduced ~13% of its workforce, brought down advertising spend, and halted any new international expansion efforts in online used vehicle space.Adj.

https://seekingalpha.com/news/3602906-cargurus-ceased-marketplace-operations-carve-out-q2-revenue-down-11
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CarGurus' ceased marketplace operations carve out Q2 revenue, down 11%

Seeking Alpha

CarGurus The Oracle Dispatch / Aug 7, 2020

The CarGurus Inc. (CARG) shares are trading at higher $31.80 and the avg recommendation for the stock is Moderate Buy. while the current analyst price target stands at $30.09. To add more color to this target, the company's high over the last year is $40.91 and the low is $14.25.

https://oracledispatch.com/2020/08/07/investor-confidence-is-rising-for-cargurus-inc-nasdaqcarg/
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Investor Confidence is Rising for CarGurus Inc. (NASDAQ:CARG)

The Oracle Dispatch

CarGurus The News Heater / Aug 7, 2020

CarGurus, Inc. (NASDAQ:CARG) went up by 3.58% from its latest closing price when compared to the 1-year high value of $40.91 and move down -28.65%, while CARG stocks collected 13.86% of gains with the last five trading sessions. Press Release reported 4 hours ago that CarGurus Announces Second Quarter 2020 Results CarGurus, Inc.

https://newsheater.com/2020/08/07/is-a-correction-looming-ahead-cargurus-inc-carg/
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Is a Correction Looming Ahead? CarGurus, Inc. (CARG)

The News Heater

CarGurus 24/7 Wall St. / Aug 7, 2020

The stock market was looking for direction on Friday morning after the Labor Department's payrolls and unemployment data were better than expected. This week marked the peak of earnings season. Investors have some decisions to make about how they want to be positioned ahead of an upcoming election and what is still a very deep recession.

https://247wallst.com/investing/2020/08/07/top-analyst-upgrades-and-downgrades-alteryx-booking-cargurus-datadog-fedex-first-solar-uber-vonage-yeti-zillow-and-more/
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Top Analyst Upgrades and Downgrades: Alteryx, Booking, CarGurus, Datadog, FedEx, First Solar, Uber, Vonage, Yeti, Zillow and More

24/7 Wall St.

CarGurus Automotive News Canada / Aug 7, 2020

Automakers and dealers struggling with reduced demand for new vehicles are eyeing a new market: Pandemic-weary urban dwellers. "We've seen in some parts of the world there's a new type of customer...someone who would normally be satisfied with public transit may now have a need for private transportation," Nissan Canada CEO Steve Milette said.

https://canada.autonews.com/retail/how-pandemic-could-sway-transit-riders-vehicle-ownership
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How the pandemic could sway transit riders to vehicle ownership

Automotive News Canada

CarGurus Investing.com / Aug 6, 2020

4 hours ago (Aug 06, 2020 07:20AM ET) Benchmark Co. analyst Daniel Kurnos maintained a Buy rating on (NASDAQ:) Inc on Wednesday, setting a price target of $35, which is approximately 15.06% above the present share price of $30.42. Kurnos expects CarGurus Inc to post earnings per share (EPS) of $0.11 for the third quarter of 2020.

https://www.investing.com/news/benchmark-co-stick-to-their-buy-rating-for-cargurus-inc-2256393
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Benchmark Co. Stick to Their Buy Rating for CarGurus Inc

Investing.com

CarGurus Chelanpress / Aug 6, 2020

Latest research study from HTF MI provide a comprehensive analysis of the Covid-19 Impact on Global Used-car Trading E-commerce Market is provided in this intelligence document. It includes the primary investigations to cover historical progress, ongoing market scenarios, and future prospects.

https://chelanpress.com/market-report/1808/used-car-trading-e-commerce-market-is-gaining-momentum-with-key-players-autotempest-kelley-blue-book-car-enthusiast-forums/
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Used-car Trading E-commerce Market is Gaining Momentum with key players AutoTempest, Kelley Blue Book, Car enthusiast Forums

Chelanpress

CarGurus The News Heater / Aug 5, 2020

CarGurus, Inc. (NASDAQ:CARG) went up by 3.77% from its latest closing price when compared to the 1-year high value of $40.91 and move down -36.46%, while CARG stocks collected 16.97% of gains with the last five trading sessions. Press Release reported on 07/24/20 that CarGurus to Report Second Quarter 2020 Financial Results CarGurus, Inc.

https://newsheater.com/2020/08/04/cargurus-inc-carg-and-the-battle-of-fundamental-vs-technical/
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CarGurus, Inc. (CARG) and the Battle of Fundamental vs. Technical

The News Heater

CarGurus Automotive News / Aug 5, 2020

In June, I wrote about the impact of the coronavirus pandemic on vehicle listings sites - namely, how dealerships' pullback on marketing spending affected those marketplace companies' bottom lines. Some dealerships paused or canceled their subscriptions to online shopping sites such as Cars.com, CarGurus and TrueCar starting in March when some states began requiring showrooms to close.

https://www.autonews.com/retail-technology/dealers-restart-marketing-some-are-returning-listings-sites
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As dealers restart marketing, some are returning to listings sites

Automotive News

CarGurus Automotive News / Aug 4, 2020

In June, I wrote about the impact of the coronavirus pandemic on vehicle listings sites - namely, how dealerships' pullback on marketing spending affected those marketplace companies' bottom lines. Some dealerships paused or canceled their subscriptions to online shopping sites such as Cars.com, CarGurus and TrueCar starting in March when some states began requiring showrooms to close.

https://www.autonews.com/retail-technology/dealers-restart-marketing-some-are-returning-listings-sites
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As dealers restart marketing, some are returning to listings sites

Automotive News

CarGurus Market Research Posts / Aug 4, 2020

Note: Due to the pandemic, we have included a special section on the Impact of COVID 19 on the Used-car Trading E-commerce Market which would mention How the Covid-19 is Affecting the Industry, Market Trends and Potential Opportunities in the COVID-19 Landscape, Key Regions and Proposal for Used-car Trading E-commerce Market Players to battle Covid-19 Impact.

https://marketresearchposts.com/2020/08/04/trending-used-car-trading-e-commerce-market-demand-growth-opportunities-and-forecast-2025autotrader-carsdirect-autolist-cargurus-autotempest-etc/
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Trending: Used-car Trading E-commerce Market Demand, Growth, Opportunities and Forecast 2025|AutoTrader, CarsDirect, Autolist, CarGurus, AutoTempest, etc

Market Research Posts

CarGurus WTVB News / Aug 3, 2020

By Nick Carey DES MOINES, Iowa (Reuters) - After years of being part of a future that never quite arrived, the coronavirus pandemic has put U.S. online car sellers on the map. Now comes a race to spend vast sums on digital commerce platforms specifically designed to handle auto sales.

https://wtvbam.com/news/articles/2020/aug/03/pandemic-revs-up-race-for-us-online-car-sales/1045680/?refer-section=technology
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Pandemic revs up race for U.S. online car sales

WTVB News

CarGurus The InvestChronicle / Aug 1, 2020

At the end of the latest market close, CarGurus Inc. (CARG) was valued at $26.81. In that particular session, Stock kicked-off at the price of $26.42 while reaching the peak value of $28.18 and lowest value recorded on the day was $25.89. The stock current value is $27.93.

https://investchronicle.com/2020/07/31/here-is-why-cargurus-inc-carg-recent-weekly-performance-of-11-41-shouldnt-bother-you-at-all/
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Here is why CarGurus Inc. (CARG) recent weekly performance of 11.41% shouldn’t bother you at All

The InvestChronicle

CarGurus Car and Driver / Aug 1, 2020

New and used vehicle inventories are well below their optimal levels, and while that can make it harder to find a vehicle to buy, it doesn't mean you can't find a good deal. Financing rates for auto loans are at their lowest in over a year as of May, and some vehicles still have incentives due to their respective high inventories.

https://www.caranddriver.com/news/a33480869/buying-new-used-vehicle-inventory/
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Looking for a Good Deal on a New or Used Vehicle? Be Flexible.

Car and Driver

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