CarGurus’ Research Finds Sedans Facing an SUV/Crossover Takeover
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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Company Research
Source: GlobeNewswire
CAMBRIDGE, Mass., Jan. 28, 2020 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG) a leading automotive marketplace, today released the results of its second annual CarGurus Sedan Survey. Findings show that while sedans remain the most commonly owned body style, SUV/CUV models are gaining ground with 39% of car owners expecting to buy an SUV or CUV for their next vehicle. According to the study, fewer car owners are driving sedans (42% in 2019 vs. 38% in 2018) and of those that currently do, 25% of them plan to switch to an SUV/CUV for their next automotive purchase. Despite this trend towards utility vehicles, the brightest spotlight for sedans lies in their affordability. 62% of current sedan owners chose that body style because the price range was favorable, up from 56% in 2018. Additionally, 60% of sedan owners care most about getting a low price when choosing a car. However, when taking cost out of the equation, 40% of sedan owners would choose a SUV/CUV if price were not a factor i
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Earnings
- 2/26/24 - Beat
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Sec Filings
- 4/26/24 - Form ARS
- 4/26/24 - Form DEFA14A
- 4/26/24 - Form DEF
- CARG's page on the SEC website