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CarGurus: The Turnaround Is Here

Apr. 16, 2022 3:29 AM ETCarGurus, Inc. (CARG)1 Comment
Gary Alexander profile picture
Gary Alexander


  • Shares of CarGurus have skyrocketed 20% year to date, dramatically outperforming fellow tech stocks during a period of extreme volatility.
  • The company is driving growth through its acquisition of CarOffer, which facilitates car sales between dealerships.
  • In addition, the launch of CarGurus' Instant Cash Offer product helps cement the company's reputation as a dealership's most important network partner.
  • CarGurus still looks undervalued at ~2x forward revenue.
  • I do much more than just articles at Daily Tech Download: Members get access to model portfolios, regular updates, a chat room, and more. Learn More »

Large number of cars at parking lot

Michael H/DigitalVision via Getty Images

In a year where the most popular tech stocks have continued to sink underwater, older laggards are starting to come back into the spotlight and regain investors' confidence. One good example of this is CarGurus (

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This article was written by

Gary Alexander profile picture
With combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on Seeking Alpha since 2017. He has been quoted in many web publications and his articles are syndicated to company pages in popular trading apps like Robinhood.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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Comments (1)

If you think this a good value (I dont disagree) you should look at Cars.com. They recently acquired Accutrade and has double the potential of this stock.
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