CarGurus shares rally after fourth-quarter forecast, but this hurdle lies ahead

Shares of CarGurus Inc. surged in after-hours trading following its announcement of a strong fourth-quarter forecast, surpassing expectations. The online car-buying platform aims to expand its reach in the U.S. and internationally, targeting both car buyers and dealers. CarGurus Inc. is making efforts to deepen its presence in the market and enhance its services to attract a wider customer base.

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