CarGurus Inc

CARG is entrenched in a Stage 4 decline, with lower highs and lower lows and price trading below the 9, 20, 50 EMAs and the 200 SMA. Short-term EMAs are rejecting rallies, and the stock sits at immediate support where a relief bounce could occur. The medium-term bias remains bearish, but execution is deferred until a clearer pullback into declining EMAs or SMAs.

• ↑Q2 revenue of $251M (+13% YoY) topped guidance midpoint.
• ↑Non-GAAP EPS of $0.66 (+16% YoY) beat estimates by 7.6%.
• ↓Declining growth momentum and downward estimate revisions raise stagnation risk.