CarGurus, Inc. (CARG) Receives New Coverage from Analysts at Goldman Sachs Group Inc

Goldman Sachs Group Inc began coverage on shares of CarGurus, Inc. (NASDAQ:CARG) in a research report report published on Monday, November 6th, MarketBeat Ratings reports. The brokerage issued a neutral rating and a $25.00 price target on the stock.

CarGurus (NASDAQ CARG) traded up $0.06 during trading on Monday, reaching $28.66. The company’s stock had a trading volume of 199,374 shares, compared to its average volume of 562,855. CarGurus has a 12 month low of $25.85 and a 12 month 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 company had revenue of $83.00 million for the quarter, compared to analyst estimates of $79.23 million. CarGurus’s revenue was up 56.3% on a year-over-year basis. equities research analysts expect that CarGurus will post 0.11 EPS for the current year.

In other news, Director David Lambert Parker sold 269,871 shares of the company’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $14.88, for a total value of $4,015,680.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Oliver Ian Chrzan sold 270,793 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $14.88, for a total value of $4,029,399.84. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,454,188 shares of company stock valued at $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.

Analyst Recommendations for CarGurus (NASDAQ:CARG)

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