Amazon Expands Autos Business: Time to Sell These 2 Stocks Now?
2026-04-16 07:35:00 ET
It's common knowledge that the car-buying process is unpopular. When the option to complete a substantial part of the buying process online, or all of it, became available, investors were initially skeptical. The question came back to: "Would consumers really buy a vehicle without test drives and other in-person aspects?"
The answer is a much clearer "yes" today, and according to Allied Market Research, online car buying is expected to triple by the end of this decade. Amazon (NASDAQ: AMZN) hopes to tap into that growth, and its Autos segment is expanding rapidly from a niche pilot to a broad vehicle marketplace.
News of this nature could have widespread implications for some, seriously threatening numerous auto-related companies.
NASDAQ: CARS
CARS Trading
-2.09% G/L:
$9.14 Last:
257,203 Volume:
$9.32 Open:
