In a report released today, Jed Kelly from Oppenheimer maintained a Buy rating on CarGurus (CARG – Research Report), with a price target of $30.00. The company’s shares closed yesterday at $23.89.
According to TipRanks, Kelly is a 3-star analyst with an average return of 0.8% and a 45.24% success rate. Kelly covers the Consumer Cyclical sector, focusing on stocks such as DraftKings, Expedia, and Airbnb.
In addition to Oppenheimer, CarGurus also received a Buy from Needham’s Chris Pierce in a report issued today. However, on the same day, JMP Securities maintained a Hold rating on CarGurus (NASDAQ: CARG).
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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 831.5K.
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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.
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