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StockNews.com
StockNews.com
Business
Rashmi Kumari

Carvana (CVNA) and CarGurus (CARG): Buy, Hold or Sell?

CARG CVNA CarGurus Carvana

Since last year, the car market has experienced solid recovery and growth, overcoming the hurdles posed by high inflation, supply chain issues, and rising interest rates. So, investors looking for quality car stocks can consider buying CarGurus, Inc. (CARG). However, considering the weak fundamentals of Carvana Co. (CVNA), it could be best avoided.

The global online car-buying market is expected to reach $722 billion by 2030, growing at a CAGR of 12.2%. Online car buying has become popular due to improved price transparency, convenience, and digital payment choices.

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