In a report released today, Nicholas Jones CFA from JMP Securities maintained a Hold rating on CarGurus (CARG – Research Report). The company’s shares closed yesterday at $23.89.
Jones CFA covers the Consumer Cyclical sector, focusing on stocks such as Etsy, Chewy, and Amazon. According to TipRanks, Jones CFA has an average return of 25.3% and a 52.59% success rate on recommended stocks.
CarGurus has an analyst consensus of Hold, with a price target consensus of $23.75.
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The company has a one-year high of $24.64 and a one-year low of $15.34. Currently, CarGurus has an average volume of 811.2K.
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CarGurus (CARG) Company Description:
Cargurus, Inc. engages in the provision of online auto shopping. It offers proprietary technology, search algorithms, and innovative data analytics to analyze new and used car listings. The firm operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services, and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services, and other revenues from customers outside of the United States. The company was founded by Langley Steinert in 2006 and is headquartered in Cambridge, MA.
Read More on CARG:
- CarGurus Inc Announces CPO Andrea Eldridge’s Resignation
- CarGurus Announces Fourth Quarter and Full-Year 2023 Results
- CARG Upcoming Earnings Report: What to Expect?
- CarGurus To Report Fourth Quarter and Full-Year 2023 Financial Results
- CarGurus partners with Chase to expand consumer financing options
