CARG News and Press, CarGurus Inc. From 10/13/22

Summary Since the beginning of this year, CarGurus has fallen off at quite a fast pace. CarGurus trades at low valuations relative to its EV/FCF and P/S of 13.1 and 1.1 respectively. The company has quite a healthy balance sheet. I rate the CARG stock a Buy as I see it bea...

Summary CarGurus is one of the most visited car sites in America, but traffic is falling as are expectations. The market has beaten this stock to all-time lows. Valuation is attractive even if we factor in reality: sales are slowing, financing is expensive, and car prices are ...

AMZN stock was trading at $114.81 as of 12:37 PM EDT. Online auto marketplace CarGurus ( NASDAQ:CARG ) announced that it had chosen Amazon Web Services as its primary provider of global cloud infrastructure. Performance gains for...

Online automotive platform CarGurus ( NASDAQ: CARG ) said it has selected Amazon Web Services as its global cloud infrastructure provider. The multi-year deal is expected to enable visitors of the CARG website experience performance improvements. The company's internal...

CAMBRIDGE, Mass., Oct. 03, 2022 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced its selection of Amazon Web Services, Inc. (AWS) as its global cloud infrastructure provider. Under the multi-year de...

CAMBRIDGE, Mass., Sept. 06, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced that Jason Trevisan, Chief Executive Officer, is scheduled to virtually present at the Truist Securities Inte...

Summary The Portfolio first bought Carvana in Q3’19. CVNA has been the largest stock price decline and biggest impact on our results year-to-date. Combined with winter storms, COVID, and a rising rate environment squeeze, CVNA experienced unexpected losses. Even dur...

CarGurus ( NASDAQ: CARG ) shares gained ~2% pre-market on Thursday after the online automotive marketplace rolled out its Instant Max Cash Offer to four additional U.S. states. The solution launched in Alabama, Oregon, Wisconsin and Oklahoma and is now available to ~93...

CAMBRIDGE, Mass., Aug. 18, 2022 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced the rollout of CarGurus Instant Max Cash Offer to four additional states – Alabama, Oregon, Wisconsin, an...

Q3 Outlook: Total revenue of $460M to $490M vs. consensus of $555.6M; Non-GAAP Consolidated Adjusted EBITDA of $44.5M TO $52.5M; Non-GAAP EPS of $0.25 to $0.28 vs. consensus of $0.33. Press Release , Presentation , Transcript For further details see: CarGurus sli...