CarGurus is an online automotive marketplace that connects buyers and sellers of new and used cars. They provide a platform where individuals can research, compare, and purchase vehicles, as well as connect with dealerships and private sellers. CarGurus aims to simplify the car buying process by providing transparent pricing information and a user-friendly interface.
The stock of CarGurus is currently contracting and shaping up nicely on the chart. This means that the stock price is consolidating within a narrower range, indicating a potential buildup of energy for a breakout. With the stock showing signs of consolidation, a breakout could be on the cards in the coming weeks, potentially leading to a significant move in the stock price.
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