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Stock impact report

Stimulus Checks Could Give U.S. Auto Sales A Delayed Boost [Forbes]

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
Company Research Source: Forbes
Unsold cars at Sellers Buick GMC in Farmington Hills, Mich.Ed GarstenAmerican households are starting to receive anywhere from $1,200 to $3,400 under the federal Aid, Relief and Economic Security(CARES)A combination of polls and analyses reveals if, or when, federal stimulus money finds its way to dealerships depends on factors that include consumer confidence, personal economic strength and the pricing and availability of deals.Cox AutomotiveToday In:Charlie Chesbrough, Senior Economist at Cox Automotive.“For someone who just got a $1,200 check and lost their job, it’s probably not rational to go out and use that money to go out and buy a car this week, but that doesn’t mean some folks won’t do it,” said Chesbrough in an interview.Note the “but” in Chesbrough’s statement. Indeed, that little word opens a door that could lead to simply hanging onto that money if an individual or family is in pretty good shape and simply delaying a purchase.That sentiment is conveyed in a poll not yet Show less Read more
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