CARG - Why Cargurus (CARG) Stock Is Volatile This Week | Benzinga
CarGurus Inc (NASDAQ: CARG) shares are trading lower by 4.1% to $17.54 Friday morning, pulling back following Thursday strength. Shares of used car retailers were otherwise trading higher this week amid the UAW launching a historic simultaneous strike. A strike could impact vehicle production at large automakers and potentially drive used car prices higher.
Why It Matters
During a UAW strike, production of new vehicles may be disrupted or delayed. As a ...
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