Latest news with #CarGurus
Yahoo
5 hours ago
- Automotive
- Yahoo
Car expert dismantles popular EV myth after showcasing 'ex-Uber Tesla' with 180,000 miles: 'What is the real-world range?'
They're common questions when it comes to electric vehicles — questions that automotive journalist Vicky Parrott was curious about herself when she bought a heavily-used, high-mileage model. "What is the actual, usable battery capacity still remaining on this car?" Parrott asked. "And what is the real-world range?" In a YouTube video posted by CarGurus UK and covered by InsideEVs, Parrott shares some impressive answers about the so-called "ex-Uber Tesla." The car in question was a 2021 Tesla Model 3 Long-Range All-Wheel Drive that had been driven extensively for ride-sharing platforms. When Parrott got the car, it already had more than 170,000 miles on it, and in just a few months, she pushed it over 180,000. Before reaching that milestone, however, she had the battery checked and found that it still had 90% of its capacity, even after nearly 1,000 charging cycles. "I think that's really pretty impressive," Parrott said. Finding out that EV batteries can last longer than previously thought and still perform at high levels could help more people make the switch away from gas-powered vehicles. It could also help current owners sell their cars when they're ready to upgrade. EV sales continue to increase around the world, with used EVs a particularly hot commodity. A report from Recurrent found that used EV sales increased by nearly 63% from the first quarter of 2023 to 2024. Current EV owners can monitor battery health by using Recurrent's free service, which collects data that can later be shared with potential buyers, giving them more transparency and confidence when purchasing a used EV. The company also connects would-be EV sellers with a network of buyers and has helped sellers make an extra $1,400 on average. For EV owners thinking about how to make battery usage as easy and inexpensive as possible, charging can be simpler and more cost-effective when done at home as opposed to at a public station. Home charging can be further improved by drawing on residential solar power, further reducing climate impacts and potentially bringing energy costs down to nearly nothing. If you've considered installing solar panels at home to support EV usage or daily life in general, EnergySage's free service will let you compare quotes from local vetted installers, with the potential to save homeowners up to $10,000 on installation. If you were going to purchase an EV, which of these factors would be most important to you? Cost Battery range Power and speed The way it looks Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
a day ago
- Automotive
- Yahoo
4 Car Brands You Should Only Buy Used in 2025
The average used car price is $25,470, according to Kelley Blue Book. It's hard to beat that price, especially if you're on a budget and want to avoid taking on a large car loan. Check Out: Read Next: But cost shouldn't be the only factor when choosing a new-to-you car. Certain car brands are best purchased used, according to car experts. Toyota is well known for producing reliable, durable vehicles. Consumer Reports even ranks Toyota as one of the most reliable manufacturers — right up there with Subaru and Lexus. The most reliable Toyota vehicles include the RAV4, Corolla, Prius, Highlander, Grand Highlander and the hybrid variations. But you don't have to buy new to benefit from Toyota's reliability. 'Toyota vehicles have proven that they can withstand the test of time and high mileage, while still retaining their performance and value over the years,' said Calkins Ruth Schmidt, automotive expert and general manager at FindByPlate. 'Plus, Toyota vehicles age gracefully, with minimal depreciation and maintenance issues.' If that's not enough reason to consider a Toyota, the fact that there are plenty of mechanics to handle any maintenance and repairs might be. And you won't have to spend an arm and a leg on keeping your car up to date as you would with more specialty cars. A used Toyota Corolla costs an average of around $16,821, per CarGurus. The average price of a used Toyota RAV4 is about $23,400, CarGurus reported. Explore More: Next up is Honda. If you're in the market for a Honda, look for an HR-V, Accord (including hybrid), CR-V (including hybrid), Odyssey, Pilot or Civic. Take the Honda Civic as an example of a car worth getting. The average price of a used Civic starts is just under $18,000, per CarGurus. 'A Honda Civic … that receives proper maintenance can reach more than 200,000 miles without requiring significant repairs,' said Alan Gelfand, owner of German Car Depot. 'You can purchase a vehicle with 50,000 to 70,000 miles on the odometer and experience numerous trouble-free years at a fraction of new car prices.' A brand-new Lexus can be costly, so get one used at a fraction of the price. Some of the most reliable models include the NX, NX Hybrid, ES, RX Hybrid, ES Hybrid, TX, NX Plug-In and the RX hybrid. Alex Black, chief marketing officer and auto industry expert at EpicVIN, said Lexus is a top contender for used car brands — up there with Honda and Toyota. Lexus is 'very dependable long-term, and parts are readily available and not prohibitively costly,' Black said. 'Used vehicles by them tend to run 200K+ miles when well maintained.' A new Lexus NX has a starting MSRP of over $42,000. The average price of a used model is just over $31,000, per CarGurus. Gelfand also recommended Subaru if you're looking for a used car. Like Toyota, Subaru has maintained a strong commitment to reliability and innovation. Consumer Reports also ranked Subaru as the most reliable manufacturer of new cars. To save on money, look for used models like the Forester, Impreza, Legacy, Outback, Solterra or Ascent. A used Subaru Forester costs an average of around $21,000, CarGurus reported. One of the biggest advantages of buying a used car is depreciation. 'A new vehicle loses 20% to 30% of its worth in the first year,' Black said. 'When you buy a used vehicle (2-4 years old), another party already bore the brunt of that loss for you.' But do your due diligence to ensure you're getting a good deal. Here are a few tips: Do a VIN check. Check the service and maintenance records. Take your time so you don't make a rushed decision. Compare interest rates (if financing). More From GOBankingRates 3 Luxury SUVs That Will Have Massive Price Drops in Summer 2025 6 Big Shakeups Coming to Social Security in 2025 4 Affordable Car Brands You Won't Regret Buying in 2025 This article originally appeared on 4 Car Brands You Should Only Buy Used in 2025
Yahoo
3 days ago
- Automotive
- Yahoo
3 Cash-Producing Stocks with Open Questions
Generating cash is essential for any business, but not all cash-rich companies are great investments. Some produce plenty of cash but fail to allocate it effectively, leading to missed opportunities. Not all companies are created equal, and StockStory is here to surface the ones with real upside. Keeping that in mind, here are three cash-producing companies that don't make the cut and some better opportunities instead. Trailing 12-Month Free Cash Flow Margin: 22.6% Bringing transparency to a sometimes opaque process, CarGurus (NASDAQ:CARG) is a digital marketplace where auto dealers can connect with potential customers and where car buyers can browse, purchase, and obtain financing. Why Is CARG Not Exciting? Paying Dealers have stagnated over the last two years, indicating its platform may be struggling to differentiate itself from competitors Estimated sales growth of 6.1% for the next 12 months is soft and implies weaker demand Earnings growth over the last three years fell short of the peer group average as its EPS only increased by 5.8% annually At $31.75 per share, CarGurus trades at 11.8x forward EV/EBITDA. Check out our free in-depth research report to learn more about why CARG doesn't pass our bar. Trailing 12-Month Free Cash Flow Margin: 1.8% Operating a network of more than 350 facilities with 3,300 delivery routes serving customers weekly, Vestis (NYSE:VSTS) provides uniform rentals, workplace supplies, and facility services to over 300,000 business locations across the United States and Canada. Why Should You Sell VSTS? Sales stagnated over the last two years and signal the need for new growth strategies Falling earnings per share over the last three years has some investors worried as stock prices ultimately follow EPS over the long term Free cash flow margin dropped by 6 percentage points over the last four years, implying the company became more capital intensive as competition picked up Vestis's stock price of $5.82 implies a valuation ratio of 7.3x forward P/E. Dive into our free research report to see why there are better opportunities than VSTS. Trailing 12-Month Free Cash Flow Margin: 10.6% Founded in 1923 and serving as a critical link in the pharmaceutical supply chain, West Pharmaceutical Services (NYSE:WST) manufactures specialized packaging, containment systems, and delivery devices for injectable drugs and healthcare products. Why Do We Think Twice About WST? Products and services are facing end-market challenges during this cycle, as seen in its flat sales over the last two years Costs have risen faster than its revenue over the last two years, causing its adjusted operating margin to decline by 5.7 percentage points Waning returns on capital imply its previous profit engines are losing steam West Pharmaceutical Services is trading at $217.95 per share, or 34.1x forward P/E. If you're considering WST for your portfolio, see our FREE research report to learn more. Market indices reached historic highs following Donald Trump's presidential victory in November 2024, but the outlook for 2025 is clouded by new trade policies that could impact business confidence and growth. While this has caused many investors to adopt a "fearful" wait-and-see approach, we're leaning into our best ideas that can grow regardless of the political or macroeconomic climate. Take advantage of Mr. Market by checking out our Top 5 Growth Stocks for this month. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today for free. Find your next big winner with StockStory today. Find your next big winner with StockStory today Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
4 days ago
- Automotive
- Yahoo
CarGurus (CARG): Buy, Sell, or Hold Post Q1 Earnings?
Over the past six months, CarGurus's stock price fell to $31. Shareholders have lost 14.1% of their capital, which is disappointing considering the S&P 500 has climbed by 1.7%. This may have investors wondering how to approach the situation. Is now the time to buy CarGurus, or should you be careful about including it in your portfolio? See what our analysts have to say in our full research report, it's free. Even with the cheaper entry price, we're cautious about CarGurus. Here are three reasons why there are better opportunities than CARG and a stock we'd rather own. As an online marketplace, CarGurus generates revenue growth by increasing both the number of users on its platform and the average order size in dollars. CarGurus struggled with new customer acquisition over the last two years as its paying dealers were flat at 32,372. This performance isn't ideal because internet usage is secular, meaning there are typically unaddressed market opportunities. If CarGurus wants to accelerate growth, it likely needs to enhance the appeal of its current offerings or innovate with new products. Forecasted revenues by Wall Street analysts signal a company's potential. Predictions may not always be accurate, but accelerating growth typically boosts valuation multiples and stock prices while slowing growth does the opposite. Over the next 12 months, sell-side analysts expect CarGurus's revenue to rise by 6.1%. Although this projection suggests its newer products and services will catalyze better top-line performance, it is still below the sector average. We track the change in earnings per share (EPS) because it highlights whether a company's growth is profitable. CarGurus's EPS grew at an unimpressive 5.8% compounded annual growth rate over the last three years. On the bright side, this performance was better than its 9.3% annualized revenue declines and tells us management adapted its cost structure in response to a challenging demand environment. CarGurus isn't a terrible business, but it doesn't pass our bar. Following the recent decline, the stock trades at 11.6× forward EV/EBITDA (or $31 per share). This valuation multiple is fair, but we don't have much faith in the company. We're pretty confident there are superior stocks to buy right now. We'd suggest looking at a safe-and-steady industrials business benefiting from an upgrade cycle. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 6 Stocks for this week. This is a curated list of our High Quality stocks that have generated a market-beating return of 183% over the last five years (as of March 31st 2025). Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
The Sun
6 days ago
- Automotive
- The Sun
The 7 best cars for a family holiday revealed with surprising favourite coming out on top… does yours make the list?
THOUSANDS of parents have had their say on what the best cars are for a family road trip - with a spacious Hyundai coming out on top. A poll of 2,000 parents conducted by CarGurus has revealed what they look for in a vehicle for family getaways. 3 3 3 The Hyundai Tucson, a great all-rounder SUV, came out on top thanks to its good boot space, which is up to 620 litres, as well as decent fuel economy. Indeed, it works out at 38mpg for petrol models, 46mpg for hybrids and more still for the plug-in hybrid. Better still, Hyundai offers a tough-to-beat five-year unlimited mileage warranty from new. The car also works for those on a budget, with used variants for the latest gen model starting from just over £15,000. CarGurus also found that reliability ranked the highest as something parents are looking for in a motor, with fuel efficiency and boot space also very important. Those polled also said they would, on average, spend around £21,000 on a family break-friendly car. While EVs are becoming steadily more popular, petrol-powered vehicles remain the vehicle of choice for parents - with 44% preferring this option. Indeed, just 6% would go electric. For family holidays, most - at 25% - would choose an SUV, although large hatchbacks and mid-size hatchbacks were also up there. Chris Knapman, editorial director for CarGurus UK, which has created a 'Best Family Holiday Cars Guide', said: 'Family holidays often mean long hours on the road, packed boots, and keeping everyone comfortable. Cars & 30-tonne HGV collide in high-speed pile-up – but is all as it seems 'With this in mind, the Hyundai Tucson stood out as a clear winner – it's extremely practical, efficient, and many examples on the used market will still be covered by Hyundai's generous five-year, unlimited mileage warranty. 'Not only that, but the Tucson is a quiet and comfortable car to drive, making it ideal for covering long distances. 'That combination is perfect for families planning to holiday in the UK or travel further afield.' CarGurus also recommended the latest Skoda Kodiaq as a family holiday car - costing from about £35,000 - as a 'strong alternative' for those able to pay a little more. At the other end of the budget scale, the Suzuki S-Cross - which can be bought for as little as £5,000 for the 2013 to 2020 model, and the evergreen Toyota RAV4 ranked highly as 'great' options. Knapman added: 'With SUVs tending to offer good practicality, it's no surprise to see this body style topped the list with holidaymakers. 'What is perhaps more unexpected is that you can find models from under £10,000 that meet the other items on consumers' wish lists, including the possibility of manufacturer-backed warranties for peace of mind.'
