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CARG - Why These 3 Online Car Sales Companies Jumped More Than 11% in May
CarGurus Inc.
Shares of online car sales companies CarMax (NYSE: KMX), CarGurus(NASDAQ: CARG), and Copart (NASDAQ: CPRT) rose in May, according to data from S&P Global Market Intelligence. Copart's shares rose by 11.6%, while CarGurus' stock was up 13.5%. CarMax, the big winner of the bunch, saw its shares jump an impressive 19.6%.
All three companies handily beat the S&P 500's monthly gain of just 4.5%.