Overview
The internet automotive marketplace is both a very saturated and large market in the US. There are many different companies with various business models such as TrueCar (TRUE), Cars.com (CARS), Carvana (CVNA), CarMax (KMX), and also CarGurus (CARG) that contributed towards the total +17 million cars sold nationwide in 2019 alone. Many of the smaller players also face difficulties in growing the business, given the competition. Consequently, carsales.com (CSXXY) presents an attractive long-term mid-cap investing alternative to any of these stocks. Founded in 1997,