CarGurus (CARG) Getting Somewhat Favorable Media Coverage, Accern Reports

News articles about CarGurus (NASDAQ:CARG) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CarGurus earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.526289678894 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of brokerages have commented on CARG. Raymond James Financial started coverage on CarGurus in a report on Monday, November 6th. They set a “market perform” rating for the company. Royal Bank Of Canada began coverage on CarGurus in a research report on Monday, November 6th. They issued a “sector perform” rating and a $33.00 price target for the company. William Blair began coverage on CarGurus in a research report on Monday, November 6th. They issued an “outperform” rating for the company. JMP Securities began coverage on CarGurus in a research report on Monday, November 6th. They issued a “market perform” rating for the company. Finally, Goldman Sachs Group began coverage on CarGurus in a research report on Monday, November 6th. They issued a “neutral” rating and a $25.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $29.50.

CarGurus (NASDAQ:CARG) traded down $0.01 on Monday, hitting $29.29. The stock had a trading volume of 165,107 shares, compared to its average volume of 589,292. CarGurus has a 1-year low of $25.85 and a 1-year high of $35.42.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Tuesday, November 14th. The company reported $0.02 EPS for the quarter. The firm had revenue of $83.00 million for the quarter, compared to analysts’ expectations of $79.23 million. The business’s quarterly revenue was up 56.3% compared to the same quarter last year. equities research analysts predict that CarGurus will post 0.11 EPS for the current year.

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

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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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