CARG - Shares of CarGurus Inc. (CARG) Rise Above Previous 52-Week High
CarGurus Inc. (NASDAQ:CARG) traded today at a new 52-week high of $39.20. So far today approximately 115,000 shares have been exchanged, as compared to an average 30-day volume of 1 million shares.
Based on a current price of $39.09, CarGurus Inc. is currently 32.7% above its average consensus analyst price target of $26.32.
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.
Over the past year, CarGurus Inc. has traded in a range of $21.52 to $39.20 and is now at $39.09, 82% above that low.
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