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CARG - CarGurus: Cheap Considering The Transformation Brought By CarOffer
April, 25 2022 11:39 PM
CarGurus Inc.
CarGurus is undergoing an interesting transformation, becoming more of a marketplace that enables transactions, from the legacy listings business. Its purchase of car auction platform CarOffer is helping enable this transformation, and is also providing significant growth for the company. We believe the market is not yet properly valuing this transformation, and shares appear cheap trading at only 22x forward earnings. For further details see:
CarGurus: Cheap Considering The Transformation Brought By CarOffer
Stock Information
Company Name:
CarGurus Inc.
Stock Symbol:
CARG
Market:
NASDAQ
Website:
cargurus.com
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