CarGurus, Inc. (CARG) Now Covered by Analysts at William Blair

Analysts at William Blair assumed coverage on shares of CarGurus, Inc. (NASDAQ:CARG) in a report released on Monday. The brokerage set an “outperform” rating on the stock.

A number of other research analysts have also recently commented on CARG. Royal Bank Of Canada assumed coverage on CarGurus in a research note on Monday. They issued a “sector perform” rating and a $33.00 target price on the stock. Raymond James Financial, Inc. assumed coverage on CarGurus in a research note on Monday. They issued a “market perform” rating on the stock. JMP Securities assumed coverage on CarGurus in a research note on Monday. They issued a “market perform” rating on the stock. Finally, Goldman Sachs Group, Inc. (The) assumed coverage on CarGurus in a research note on Monday. They issued a “neutral” rating and a $25.00 target price on the stock. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $29.00.

CarGurus (CARG) traded down $1.19 on Monday, reaching $30.25. The company had a trading volume of 198,829 shares, compared to its average volume of 1,375,643. CarGurus has a 1-year low of $25.85 and a 1-year high of $35.00.

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In other CarGurus news, VP Oliver Ian Chrzan sold 270,793 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $14.88, for a total transaction of $4,029,399.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Argonaut 22 Llc sold 1,523,000 shares of the company’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $14.88, for a total transaction of $22,662,240.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,454,188 shares of company stock valued at $81,158,317.

About CarGurus

CarGurus, Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers.

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