CARGURUS Selects Amazon Web Services as Global Cloud Infrastructure Provider

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CARGURUS ($NASDAQ:CARG) is a leading online automotive marketplace that connects car buyers and sellers. The company has selected Amazon Web Services as its global cloud infrastructure provider in a multi-year deal that is expected to enable visitors of the CARG website to experience performance improvements. The selection of Amazon Web Services as CARGURUS’ global cloud infrastructure provider is a major step forward for the company. Amazon Web Services is a world-leading cloud platform that provides a wide range of services, including storage, computing, and networking.

This deal will allow CARGURUS to tap into Amazon’s vast resources and expertise to improve the performance of its website. The agreement with Amazon is part of CARGURUS’ ongoing commitment to provide the best possible experience for its users. With this deal in place, CARGURUS is well-positioned to continue its growth and expansion into new markets.

Price History

This move comes as CARGURUS looks to improve its online presence and user experience. So far, media sentiment around this move has been mostly positive. On Monday, CARGURUS stock opened at $14.3 and closed at $14.9, a rise of 5.3% from its last closing price of $14.2. This indicates that investors are bullish on the company’s prospects. CARGURUS is a leading online automotive marketplace that connects car buyers and sellers.

The company has been growing rapidly in recent years, and this move to AWS will help it scale its operations even further. AWS is the world’s leading cloud platform, and it will give CARGURUS the ability to expand its online offerings and improve its user experience. This is a win-win for both companies, and it will be interesting to see how they collaborate in the future.

VI Analysis

CarGurus, Inc. is a publicly-traded company with a strong financial foundation and a history of profitability.

However, there are some potential risks associated with investing in the company. The first risk is that the company’s business model is based on selling ads to car dealerships. If dealership advertising budgets tighten, CarGurus could see a decline in revenue. The second risk is that the company is heavily reliant on Google for traffic. If Google were to make changes to its algorithms that resulted in less traffic to CarGurus, the company could see a drop in traffic and, as a result, revenue. Overall, CarGurus is a strong company with a solid financial foundation. However, there are some potential risks to consider before investing.

Summary

Cargurus, an online automotive marketplace, has selected Amazon Web Services as its global cloud infrastructure provider. This move will allow Cargurus to improve the scalability, performance, and security of its website and mobile apps. So far, media sentiment around this decision has been mostly positive, and Cargurus’ stock price moved up the same day. This could be a good long-term investment for those interested in the company.