CARG - This Stock Is Crushing the Market in 2022 and You've Probably Never Heard of It
Even with its recent run-up, the S&P 500 is still down about 4% on the year. Many well-known stocks are down even more. Considering this as a backdrop, it might come as a pleasant surprise that there's a stock I'd guess most investors haven't heard of that is currently up more than 20% year to date.
While it may not be the first company that comes to mind in the world of buying and selling cars, CarGurus (NASDAQ: CARG) is quietly putting up impressive results even as it transforms its business model to broaden its reach. Let's take a look at what's fueling this growth.
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This Stock Is Crushing the Market in 2022, and You've Probably Never Heard of It