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Stock impact report

CarGurus Study Finds Several Bright Spots for Canadian Auto Sector During COVID-19

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: GlobeNewswire
CAMBRIDGE, Mass., May 01, 2020 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), a leading global online automotive marketplace, today released its Canadian COVID-19 Sentiment Study. As COVID-19 disrupts several industries like automotive retail, this analysis looks into the specific segment of those consumers who either planned on purchasing a vehicle before the pandemic hit and/or those that are now planning on purchasing a vehicle since then.  The Canadian CarGurus COVID-19 Sentiment Study delved into a variety of automotive topics, including shoppers’ thoughts on when they plan to buy their next vehicle, and their opinions on both contactless dealership services amid COVID-19, as well as when they will schedule regular vehicle maintenance servicing. In addition, the major findings from the study include: Only 6% of those who had planned to purchase a vehicle this year before the pandemic have now delayed their plans indefinitely. 51% of those who previously used ride-sharing/taxis Show less Read more
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