CarGurus: Compelling Growth At Great Value

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About: CarGurus, Inc. (CARG)
by: Gary Alexander
This article is exclusive for subscribers.
Gary Alexander
Software, internet, media, IPOs
Summary

Shares of CarGurus have erased all of their year-to-date gains, even after  reporting strong second-quarter earnings results.

Revenue growth is still expanding north of 30% y/y, losing barely any momentum from last year's growth rates.

CarGurus is both expanding internationally as well as adding new services in order to maintain its top-line growth rates.

Used car sales are also fairly recession-proof, so CarGurus believes its user traffic won't be negatively impacted in case the economy turns south.

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As the market clears up from last week's losses and begins to look frothy again, I'm on the lookout