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Stock impact report

Gasoline price hike from Iran war could push consumers toward EVs, hybrids 1 / 4 People stand at the Recharged auto dealership, in Richmond Cars line the lot at Recharged auto dealership, ...

CarGurus, Inc. - Class A (CARG) 
Last cargurus, inc. - class a earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
war has triggered angst and uncertainty for carmakers, dealers and vehicle owners at the pump. For Martin Miller, it presents an opportunity. Miller owns a used electric-car dealership southwest of London and logged his busiest Saturday ever one week ?after the war began on February 28 with the bombing of Iran by Israel and the United States. The conflict has disrupted shipping in the Strait of Hormuz, through which roughly ?20% of global oil supplies are transported. Miller is now racing to stock more inventory. "We're turning cars very, very quickly," he said, adding that customers at his store, EV Experts, worry that petrol prices will climb higher. His staff has been buying more ?EVs at auctions "like mad," he said, "because we're confident this will continue." British government data shows that as of March 16, average gasoline prices per liter in Britain were up 7% since the war began. In the European Union they have risen 8%, according to the European Commission. The ave Show less Read more
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