The IBD SmartSelect Composite Rating for CarGurus Cl A increased from 93 to 96 Tuesday.
The new score indicates the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
CarGurus Cl A is currently extended beyond a proper buy zone after breaking out from a 26.90 entry in a flat base.
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The stock sports a 95 EPS Rating, meaning its recent quarterly and annual earnings growth is outpacing 95% of all stocks.
Its Accumulation/Distribution Rating of A shows heavy buying by institutional investors over the last 13 weeks.
The company reported a 32% earnings gain for Q3. Top line growth climbed 5%, up from -9% in the prior quarter. That marks one quarter of accelerating revenue gains.
CarGurus Cl A earns the No. 7 rank among its peers in the Internet-Content industry group. Alphabet Cl A, Full Truck Alliance ADR and Alphabet Cl C are among the top 5 highly-rated stocks within the group.
