Why Shares of CarGurus Revved Up Almost 20% in November
Less than a month after the stock sank to near its all-time low, shares of online auto marketplace CarGurus (NASDAQ: CARG) rocketed back up in the wake of a solid Q3 earnings report. For the month of November, shares were up 19.4%, according to data provided by S&P Global Market Intelligence.
But investors needn't fear they've missed the boat. Even with November's gains, shares are still almost 30% below their September 2018 high.
CarGurus has become the top online car marketplace. Image source: Getty Images.
Source Fool.com
