CarGurus (CARG) shares of the small cap online auto platform are coiling up in an explosive bull flag after a recent bounce off the rising 55 day MA and closed Monday strong at highs in a sloppy tape. A breakout above 26.50 likely starts a move towards 30 with a volume pocket above here into that zone. CARG also has seen a recent buyer of 1000 August $26 calls at $1.25 on 7/1 that remains in open interest so far up nearly 40%. Similar to peers like CVNA, CarGurus’s is seeing a resurgence lately as a play on falling interest rates likely into year end.