CarGurus Steps on the Gas After a Big Acquisition

CarGurus Steps on the Gas After a Big Acquisition

Prior to the pandemic, CarGurus (NASDAQ: CARG) was making a name for itself as an online platform that connects automotive dealers and buyers. In 2019, the company grew revenue 30% and achieved a gross margin of 94%. Add to that the fact that the company was net income and cash flow positive, and CarGurus was worth a look for investors.