NasdaqGS:CARGInteractive Media and Services
CarGurus Buyback Highlights Marketplace Focus And Questions On Future Margins
CarGurus, NasdaqGS:CARG, has authorized a new $250 million share repurchase program.
The company is sharpening its focus on its core marketplace and international growth after winding down CarOffer.
Management highlighted strong revenue, record retention, and faster dealer acquisition, including outside the US.
CarGurus, trading at $27.86, sits at an interesting crossroads, with a 3-year return of 63.4% and a 5-year return of 5.5%. In the shorter term, the stock is down 18.1% over the past...