Global $2 Trillion Used Car Market Outlook, 2023-2024 & 2029: Rise of Online Platforms, Emphasis on Sustainability, Competitive Landscape [Yahoo! Finance]
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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Source: Yahoo! Finance
Global Used Car Market is anticipated to cross USD 2 Trillion by 2029, increasing from USD 1.84 Trillion in 2023. The market is expected to grow with 6.11% CAGR by 2024-29. Environmental consciousness is influencing the choices of both car manufacturers and consumers. As the automotive industry transitions towards greener alternatives, the used car market plays a role in sustainability by extending the lifespan of vehicles and reducing the overall carbon footprint associated with car production. One of the primary attractions of buying a used car is the significant cost savings. Key players in the market are focusing on strengthening their online presence by engaging in partnerships with online marketplaces or developing their own e-commerce platforms. This allows them to reach a broader consumer base and offer more transparent and convenient buying experiences. In line with this, manufacturers are organizing certified pre-owned (CPO) programs, which involve inspecting, refurbish
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News
- CarGurus, Inc. (NASDAQ: CARG) had its price target raised by analysts at DA Davidson from $22.00 to $25.50. They now have a "neutral" rating on the stock.MarketBeat
- CarGurus, Inc. (NASDAQ:CARG) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CarGurus to Present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications ConferenceGlobeNewswire
- CarGurus, Inc. (NASDAQ: CARG) had its price target raised by analysts at JPMorgan Chase & Co. from $27.00 to $29.00. They now have an "overweight" rating on the stock.MarketBeat
- CarGurus, Inc. (NASDAQ: CARG) had its price target raised by analysts at Royal Bank of Canada from $26.00 to $27.00. They now have an "outperform" rating on the stock.MarketBeat
CARG
Earnings
- 5/9/24 - Beat
CARG
Sec Filings
- 5/16/24 - Form 144
- 5/15/24 - Form 4
- 5/14/24 - Form 144
- CARG's page on the SEC website