Put CARG On Your Watchlist For International Growth

About: CarGurus, Inc. (CARG), Includes: CARS
by: Caterer Goodman Partners
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Caterer Goodman Partners
Growth, hedge fund manager, foreign companies, tech

CARG stock price has risen 30%+ since early October and is now looking fully valued.

Revenue is growing ~28% y/y but international losses are capping and  hiding strong US earnings growth.

The current frothy market is not the time to build substantial positions, particularly in growth companies, but CARG should be on your watchlist and a buy below $34 per share.

"Be fearful when others are greedy." Warren Buffett

The current market confidence and record highs feels fragile to many long term investors. Buying fully valued growth stocks like CarGurus (CARG) at a time