Why Shares of CarGurus Revved Up Almost 20% in November

Less than a month after the stock sank to near its all-time low, shares of online auto marketplace CarGurus (NASDAQ: CARG) rocketed back up in the wake of a solid Q3 earnings report. For the month of November, shares were up 19.4%, according to data provided by S&P Global Market Intelligence. 

But investors needn't fear they've missed the boat. Even with November's gains, shares are still almost 30% below their September 2018 high.

CarGurus has become the top online car marketplace. Image source: Getty Images.

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Source Fool.com