CarGurus (CARG) Is Up 4.44% in One Week: What You Should Know

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell even higher, with the expectation that established trends will continue [1] Company Overview: CarGurus (CARG) - CarGurus currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting a favorable outlook compared to the market [3] Performance Metrics - Over the past week, CarGurus shares increased by 4.44%, while the Zacks Automotive - Replacement Parts industry rose by 5.16% [5] - In a longer timeframe, CarGurus shares have appreciated by 1.12% over the past quarter and 33.05% over the last year, outperforming the S&P 500, which saw declines of -2.56% and gains of 11.12% respectively [6] Trading Volume - The average 20-day trading volume for CarGurus is 1,038,208 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the last two months, five earnings estimates for CarGurus have been revised upwards, increasing the consensus estimate from $1.85 to$2.15 [9] - For the next fiscal year, five estimates have also moved higher, with no downward revisions noted [9] Conclusion - Given the strong performance metrics and positive earnings outlook, CarGurus is positioned as a 1 (Strong Buy) stock with a Momentum Score of A, making it a compelling investment option [11]