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CarGurus

CARG pitch long 2nd ($50k) Edison Chang, Justin Manevski, William Wu
Columbia Business School · Pershing Square Challenge

No thesis text was extracted for this pitch.

Did it work?

worked confidence: medium

The pitch was a long position and the stock delivered a strong +63.1% return over 50 months (roughly 12% annualized), clearly validating the directional call. However, the thesis text is empty, so the specific catalysts, valuation targets, and stated horizon cannot be verified against what actually happened. Based on the positive price performance alone, the long thesis worked, though confidence is tempered by the absence of thesis details.