CarGurus (CARG) Getting Somewhat Positive Media Coverage, Analysis Finds

News stories about CarGurus (NASDAQ:CARG) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by reviewing more than twenty million news and blog sources in real time. 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 0.10 on Accern’s scale. Accern also assigned headlines about the company an impact score of 47.5915251477708 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have impacted Accern Sentiment Analysis’s analysis:

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Several equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of CarGurus from a “hold” rating to a “buy” rating and set a $34.00 price objective for the company in a research note on Monday, January 8th. BidaskClub downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a report on Friday, March 2nd. DA Davidson initiated coverage on shares of CarGurus in a report on Wednesday. They issued a “neutral” rating and a $41.00 target price on the stock. Finally, Benchmark initiated coverage on shares of CarGurus in a report on Thursday, March 22nd. They issued a “buy” rating and a $42.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $35.20.

CARG traded down $0.03 during trading on Friday, hitting $38.00. The stock had a trading volume of 472,595 shares, compared to its average volume of 176,461. The company has a market capitalization of $3,917.07 and a PE ratio of 316.67. CarGurus has a 12 month low of $25.85 and a 12 month high of $40.60.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, March 1st. The company reported $0.02 EPS for the quarter, topping the consensus estimate of $0.01 by $0.01. The firm had revenue of $87.71 million during the quarter, compared to the consensus estimate of $86.22 million. During the same quarter last year, the business earned $0.27 EPS. The business’s revenue was up 197.5% compared to the same quarter last year. equities research analysts forecast that CarGurus will post 0.1 EPS for the current year.

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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.

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

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