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Stock impact report

CarGurus Research Outlines Key Challenges Facing Used Car Dealerships in 2020

CarGurus, Inc (CARG)  More Company Research Source: GlobeNewswire
Last cargurus, inc earnings: 2/13 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.cargurus.com/investor-relations
PDF LAS VEGAS, Feb. 14, 2020 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today has launched its inaugural “One Voice” report in the U.S. at the 2020 NADA Show. This comprehensive report examines the major issues that dealerships are analyzing for their business’s 2020 performance, including areas such as inventory sourcing, digital trends, margin growth and lead management. Inventory The One Voice report revealed that 76% of used car dealers found it more difficult to find the right inventory in 2019 compared to the year before, with one third of those dealers expressing that inventory sourcing was either very or extremely difficult. In 2020, dealers revealed they will look for new sources of used cars to counter these pressures. The report also analysed the amount of time inventory is selling and leaving dealers’ lots.   The data shows that the best performing dealers in this metric are turning their inventory in less than 10 days (2% [Read more]
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