The Relative Strength (RS) Rating for CarGurus Cl A moved into a new percentile Tuesday, as it got a lift from 70 to 79.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest price moves. See if CarGurus Cl A can continue to rebound and clear that threshold.
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While the stock is not near an ideal buying range right now, see if it goes on to form and break out of a proper consolidation.
Earnings growth rose last quarter from 32% to 57%, but the top line fell from 5% to 2%.
The company earns the No. 10 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR, Kanzhun ADR and Meta Platforms are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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