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Back in February, I place a "Buy" rating on CarGurus (NASDAQ:CARG), arguing that its results were being muddied by issues at CarOffer, but that its core business remained strong. The stock is up over 4% since then, trailing the 6% return from
Analyst’s Disclosure:I/we have a beneficial long position in the shares of CARG either through stock ownership, options, or other derivatives. 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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