We have been fans of the digital marketplace CAR for years, as it has successfully expanded overseas. We took the opportunity to re-enter the stock when it was down last month. With Monday’s drop feeling like an exhaustion move, we are contemplating increasing our position. This an excellent business now trading ~20% below historical valuations, providing outstanding value, in our opinion.
- We like CAR from a risk/reward perspective below $32: MM owns CAR in our Active Growth Portfolio.
MM remains long and bullish CAR
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