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Why These 3 Online Car Sales Companies Jumped More Than 11% in May

Why These 3 Online Car Sales Companies Jumped More Than 11% in May

Shares of online car sales companies CarMax (NYSE: KMX), CarGurus (NASDAQ: CARG), and Copart (NASDAQ: CPRT) rose in May, according to data from S&P Global Market Intelligence. Copart's shares rose by 11.6%, while CarGurus' stock was up 13.5%. CarMax, the big winner of the bunch, saw its shares jump an impressive 19.6%.