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CAMBRIDGE, Mass., Feb. 01, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the fourth quarter and fiscal year ended December 31st, 2023, after the close of the market on February 26th, 2024.
CarGurus is experiencing a return to accelerating growth rates in its marketplace business, which is a high-margin source of revenue. The company has stabilized its wholesale arm and profits are around breakeven despite a smaller scale. CarGurus' improving metrics include an increase in paid dealer counts, higher revenue per paying dealer, and an 8% growth in marketplace revenue.
CAMBRIDGE, Mass., Jan. 11, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to participate in a fireside chat at the 26th Annual Needham Growth Conference on Thursday, January 18th at 3:45 PM ET.
EG, TM and CARG made it to the Zacks Rank #1 (Strong Buy) value stocks list on January 9, 2024.
Here is how CarGurus (CARG) and Modine (MOD) have performed compared to their sector so far this year.
Despite high vehicle financing costs, auto sales witnessed growth on pent-up demand and improved inventory levels. Industry players like STLA, RACE, GP and CARG handily outpaced the market.
Does CarGurus (CARG) have what it takes to be a top stock pick for momentum investors? Let's find out.
MUSA, AVTX, ANIK, CARG and WES have been added to the Zacks Rank #1 (Strong Buy) List on December 14, 2023.
Here is how CarGurus (CARG) and Modine (MOD) have performed compared to their sector so far this year.
Does CarGurus (CARG) have what it takes to be a top stock pick for momentum investors? Let's find out.