CarGurus (CARG) Receives a Hold from JMP Securities

JMP Securities analyst Nicholas Jones CFA maintained a Hold rating on CarGurus (CARG – Research Report) today. The company’s shares closed yesterday at $22.28.

Jones CFA covers the Consumer Cyclical sector, focusing on stocks such as Amazon, ACV Auctions, and eBay. According to TipRanks, Jones CFA has an average return of 23.3% and a 48.43% success rate on recommended stocks.

CarGurus has an analyst consensus of Moderate Buy, with a price target consensus of $27.00.

CARG market cap is currently $2.32B and has a P/E ratio of 84.00.

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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.