CarGurus (CARG) Soars 11.0%: Is Further Upside Left in the Stock?

Company Overview - CarGurus (CARG) shares increased by 11% to close at $27.95, following a notable trading volume that exceeded typical levels, despite a 20.8% loss over the past four weeks [1] - The stock's surge is attributed to a broader market rebound after the Trump administration announced a temporary halt on reciprocal tariffs, alleviating fears of a recession [2] Earnings Expectations - CarGurus is expected to report quarterly earnings of $0.42 per share, reflecting a year-over-year increase of 31.3%, with revenues projected at $226.95 million, up 5.2% from the previous year [3] - The consensus EPS estimate for CarGurus has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - CarGurus is part of the Zacks Automotive - Replacement Parts industry, where another company, Mister Car Wash (MCW), saw a 9.3% increase in its stock price, closing at $7.49, despite a -13% return over the past month [4] - Mister Car Wash's consensus EPS estimate has changed by -0.4% to $0.10, representing a 25% increase from the previous year [5]