CARG - CarGurus Inc.: 52-Week High Recently Eclipsed (CARG)
CarGurus Inc. (NASDAQ:CARG) traded at a new 52-week high today of $39.75. This new high was reached on below average trading volume as 188,000 shares traded hands, while the average 30-day volume is approximately 1.1 million shares.
In the past 52 weeks, shares of CarGurus Inc. have traded between a low of $21.52 and a high of $39.75 and is now at $39.40, which is 83% above that low price.
CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. The company provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listing through which it offers real-time and historical data analyzing the connections and pricing analysis. It also provides all dealers with a web widget to place Deal Rating Badges, which show deal rating. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two geographical segments namely United States and International. Most of the company's revenue comes from the United States.
Based on a current price of $39.40, CarGurus Inc. is currently 29.4% above its average consensus analyst price target of $27.81.
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