EU: CarGurus (CARG) Stock Has Just Had Its Outperform Rating Reiterated by RBC Capital. Shares now Have a $59 Target

November 9, 2018 - By Matthew Medley

CarGurus (CARG) Rating Reaffirmed

Recently, In an analyst note revealed to investors on Thursday, 8 November, CarGurus (CARG) shares have had their Outperform Rating kept by investment analysts at RBC Capital, who currently has a $59 price target on firm. This target by RBC Capital would suggest the possibile upside of 41.08 % from the last close price.

CarGurus, Inc. (NASDAQ:CARG) Ratings Coverage

Among 2 analysts covering CarGurus (CARG), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CarGurus had 2 analyst reports since August 8, 2018 according to SRatingsIntel. The firm has “Market Outperform” rating given on Wednesday, August 8 by JMP Securities. The rating was upgraded by RBC Capital Markets to “Outperform” on Wednesday, August 8.

The stock increased 4.21% or $1.69 during the last trading session, reaching $41.82. About 3.36M shares traded or 217.50% up from the average. CarGurus, Inc. (CARG) has 0.00% since November 9, 2017 and is . It has underperformed by 15.62% the S&P500.

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company has market cap of $4.58 billion. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. It has a 101.75 P/E ratio. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings.

More notable recent CarGurus, Inc. (NASDAQ:CARG) news were published by: Globenewswire.com which released: “CarGurus Announces Third Quarter 2018 Results” on November 07, 2018, also Gurufocus.com with their article: “Cargurus Inc (CARG) CEO, President and Chairman Langley Steinert Sold $7.8 million of Shares” published on November 05, 2018, Seekingalpha.com published: “CarGurus, Inc. (CARG) CEO Langley Steinert on Q3 2018 Results – Earnings Call Transcript” on November 08, 2018. More interesting news about CarGurus, Inc. (NASDAQ:CARG) were released by: Seekingalpha.com and their article: “Carvana and peers ride higher” published on November 08, 2018 as well as Benzinga.com‘s news article titled: “65 Stocks Moving In Thursday’s Mid-Day Session” with publication date: November 08, 2018.

CarGurus, Inc. (NASDAQ:CARG) Ratings Chart

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