CarGurus (CARG) Earns Daily Media Impact Rating of 0.06

Press coverage about CarGurus (NASDAQ:CARG) has trended somewhat positive on Sunday, according to Accern. Accern rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CarGurus earned a media sentiment score of 0.06 on Accern’s scale. Accern also gave news stories about the company an impact score of 46.3875827434391 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

A number of research analysts recently commented on the company. Goldman Sachs Group assumed coverage on CarGurus in a research note on Monday, November 6th. They issued a “neutral” rating and a $25.00 price target for the company. JMP Securities assumed coverage on CarGurus in a research note on Monday, November 6th. They set a “market perform” rating for the company. William Blair assumed coverage on CarGurus in a research note on Monday, November 6th. They set an “outperform” rating for the company. Royal Bank of Canada reissued a “sector perform” rating and set a $34.00 price target (up from $33.00) on shares of CarGurus in a research note on Wednesday, November 15th. Finally, Raymond James Financial assumed coverage on CarGurus in a research note on Monday, November 6th. They set a “market perform” rating for the company. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. CarGurus currently has a consensus rating of “Hold” and a consensus target price of $29.50.

Shares of CarGurus (CARG) traded up $0.03 during trading hours on Friday, reaching $29.94. The company had a trading volume of 112,281 shares, compared to its average volume of 391,713. CarGurus has a 52 week low of $25.85 and a 52 week high of $35.42. The company has a market capitalization of $3,180.00 and a PE ratio of -142.57.

CarGurus (NASDAQ:CARG) last announced its earnings results on Tuesday, November 14th. The company reported $0.02 earnings per share (EPS) for the quarter. The company had revenue of $83.00 million for the quarter, compared to the consensus estimate of $79.23 million. The firm’s revenue was up 56.3% on a year-over-year basis. research analysts predict that CarGurus will post 0.11 EPS for the current fiscal year.

In other CarGurus news, major shareholder Argonaut 22 Llc sold 1,523,000 shares of CarGurus stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $14.88, for a total transaction of $22,662,240.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director David Lambert Parker sold 269,871 shares of CarGurus stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $14.88, for a total value of $4,015,680.48. The disclosure for this sale can be found here. Insiders sold a total of 5,454,188 shares of company stock valued at $81,158,317 in the last 90 days.

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CarGurus Company Profile

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.

Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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