CarGurus (CARG) Receives a Hold from Needham

Needham analyst Chris Pierce reiterated a Hold rating on CarGurus (CARGResearch Report) today. The company’s shares closed last Friday at $28.60.

According to TipRanks.com, Pierce is ranked #7009 out of 7614 analysts.

CarGurus has an analyst consensus of Moderate Buy, with a price target consensus of $34.25.

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The company has a one-year high of $36.54 and a one-year low of $19.24. Currently, CarGurus has an average volume of 1.13M.

Based on the recent corporate insider activity of 169 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CARG in relation to earlier this year.

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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.