CarGurus (CARG) Lifted to Hold at BidaskClub

CarGurus (NASDAQ:CARG) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Friday.

Other equities analysts have also recently issued research reports about the company. Zacks Investment Research upgraded CarGurus from a “hold” rating to a “buy” rating and set a $34.00 target price on the stock in a report on Monday, January 8th. Raymond James Financial started coverage on CarGurus in a report on Monday, November 6th. They set a “market perform” rating on the stock. JMP Securities started coverage on CarGurus in a report on Monday, November 6th. They set a “market perform” rating on the stock. Goldman Sachs Group started coverage on CarGurus in a report on Monday, November 6th. They set a “neutral” rating and a $25.00 target price on the stock. Finally, William Blair started coverage on CarGurus in a report on Monday, November 6th. They set an “outperform” rating on the stock. Six equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. CarGurus currently has a consensus rating of “Hold” and an average target price of $31.00.

Shares of CarGurus (NASDAQ CARG) traded down $0.02 on Friday, reaching $33.99. The company’s stock had a trading volume of 239,821 shares, compared to its average volume of 240,639. CarGurus has a 12-month low of $25.85 and a 12-month high of $36.81.

CarGurus (NASDAQ:CARG) last issued 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 business’s quarterly revenue was up 56.3% compared to the same quarter last year. sell-side analysts expect that CarGurus will post 0.11 EPS for the current year.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by American Banking News and is owned by of American Banking News. If you are reading this report on another website, it was stolen and reposted in violation of U.S. & international copyright and trademark legislation. The correct version of this report can be accessed at https://www.americanbankingnews.com/2018/01/27/cargurus-carg-lifted-to-hold-at-bidaskclub.html.

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.

Analyst Recommendations for CarGurus (NASDAQ:CARG)

Receive News & Ratings for CarGurus Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CarGurus and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply