The automotive industry is expanding with rapid investments in new technologies, such as connected cars, electric cars, and self-driving cars. Although macroeconomic headwinds persist, fundamentally strong stocks Copart, Inc. (CPRT), Penske Automotive Group, Inc. (PAG), and Rush Enterprises, Inc. (RUSHA) could be profitable buys.
The increasing number of automotive dealers and a consumer preference for seamless purchase is boosting the online automotive buying market.
