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CarGurus: Changing Market Catches Company Off Guard

Dec. 27, 2022 2:32 PM ETCarGurus, Inc. (CARG)
Gary Bourgeault profile picture
Gary Bourgeault


  • CarGurus, Inc. is playing catch-up in a rapidly changing wholesale market.
  • Instant Max Cash took a big hit sequentially as the number of transactions and average selling prices fell.
  • Considering macroeconomic factors and not having the processes in place to deal with the changes to Wholesale, CarGurus, Inc. believes its long-term growth trajectory remains in place.

Businessman is shopping online to choose a cars to buy about internet of thing concept, Business background.


CarGurus, Inc. (NASDAQ:CARG) hit some headwinds that included the macroeconomic forces all companies are facing, but also operational challenges associated with its weak performance in Wholesale in the quarter. These put a damper on its results, and are likely to

This article was written by

Gary Bourgeault profile picture
I am a former investment advisor and owner of several businesses. These days I invest only for myself while continuing to write on a variety of financial and economic topics.

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.

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