In a report released today, Brad Erickson from Needham assigned a Hold rating to CarGurus (CARG). The company’s shares closed last Thursday at $31.80.
According to TipRanks.com, Erickson is a 5-star analyst with an average return of 27.5% and a 56.6% success rate. Erickson covers the Technology sector, focusing on stocks such as Fiverr International, ANGI Homeservices, and Uber Technologies.
CarGurus has an analyst consensus of Moderate Buy, with a price target consensus of $30.50, implying a -1.3% downside from current levels. In a report issued on July 27, Piper Sandler also initiated coverage with a Hold rating on the stock with a $27.00 price target.
See today’s analyst top recommended stocks >>
CarGurus’ market cap is currently $3.58B and has a P/E ratio of 85.30. The company has a Price to Book ratio of 14.43.
Based on the recent corporate insider activity of 182 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CARG in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
