Carvana vs. CarGurus: Which Online Automotive Retailer is a Better Buy?
StockNews
Published May 06, 2021 10:19AM ET
Updated May 06, 2021 11:31AM ET
Carvana vs. CarGurus: Which Online Automotive Retailer is a Better Buy?
Two online car sellers are CarGurus (NASDAQ:CARG) and Carvana (CVNA). Both are benefitting from strength in used car prices and the growth of online sales. Find out which is the better pick?. Automotive retailers are now in the spotlight as the economy reopens. Used car prices are soaring as new car production is hampered by the chip shortage. Further, demand should be strong with the economy reopening.
Even some those who currently own and lease automobiles are likely to consider trading in their vehicle for a new one as a result of tempting offers in this particularly hot economic sector. The purchase of both new and used vehicles will catalyze our economy all the more. However, there is the potential for this rising to lift certain boats while leaving others behind.
Below, we provide a look at two of the most attractive automotive retail stocks in Carvana (CVNA) and CarGurus (CARG).
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