Car Prices Are Soaring. Why Are Car Dealer Stocks Down?

Car Prices Are Soaring. Why Are Car Dealer Stocks Down?
·2 min read

Shares of online car dealers (CVNA) (ticker: CVNA) and (VRM) (VRM) are down 5.9% and 2.3%, respectively, in recent trading. Shares of auto-data providers (CARS) (CARS), (CARG) (CARG), and (TRUE) (TRUE) are down roughly 3%. Brokerages are spread businesses buying and selling for a small margin and piling up profits as volumes pick up, and brokerage stocks typically love rising prices.

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