CarGurus, Inc. Class A Aktie News

A sizable debt burden and a lack of profits introduce financial risk for this business. This company will struggle to post consistent growth in a higher rate environment.

CAMBRIDGE, Mass., April 18, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the first quarter ended March 31, 2024, after the close of the market on May 9, 2024.

CarGurus is a solid turnaround name that is insulated from market volatility and has a reasonable valuation. The company is the #1 site for used car research in the U.S. and has seen re-accelerating growth and strong traffic results. Improved profitability in its wholesale subsidiary, CarOffer, has substantially lifted the stock's adjusted EBITDA profile.

The CarGurus Quarterly Review for Q1 2024 reviews the key trends influencing pricing, inventory, and demand for new and used vehicles so far this year.

CAMBRIDGE, Mass., March 25, 2024 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.

Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run rampant.

Some businesses could soon see the bullish side effects of a resilient consumer amongst the pretext of potential interest rate cuts coming this year from the FED. According to the FedWatch tool at the CME Group NASDAQ: CME, these pivots could be coming as soon as May of this year.

CarGurus, Inc. (NASDAQ:CARG) Q4 2023 Earnings Conference Call February 26, 2024 5:00 PM ET