Somewhat Positive News Coverage Somewhat Unlikely to Impact CarGurus (CARG) Stock Price

News stories about CarGurus (NASDAQ:CARG) have trended somewhat positive on Wednesday, according to Accern. The research group identifies negative and positive news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CarGurus earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.3309865103182 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.

These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:

CARG has been the subject of a number of analyst reports. Goldman Sachs Group initiated coverage on shares of CarGurus in a research report on Monday, November 6th. They issued a “neutral” rating and a $25.00 price objective for the company. Royal Bank of Canada reissued a “sector perform” rating and issued a $34.00 price objective (up previously from $33.00) on shares of CarGurus in a research report on Wednesday, November 15th. Raymond James Financial initiated coverage on shares of CarGurus in a research report on Monday, November 6th. They issued a “market perform” rating for the company. Zacks Investment Research lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Tuesday. Finally, BidaskClub lowered shares of CarGurus from a “hold” rating to a “sell” rating in a research report on Friday, December 29th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $31.00.

CarGurus (CARG) traded down $0.15 during trading hours on Wednesday, hitting $30.33. 150,400 shares of the stock were exchanged, compared to its average volume of 291,014. CarGurus has a twelve month low of $25.85 and a twelve month high of $35.42. The firm has a market capitalization of $3,220.00 and a price-to-earnings ratio of -144.43.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Tuesday, November 14th. The company reported $0.02 EPS for the quarter. The company had revenue of $83.00 million for the quarter, compared to analyst estimates of $79.23 million. The firm’s revenue for the quarter was up 56.3% compared to the same quarter last year. sell-side analysts forecast that CarGurus will post 0.11 earnings per share for the current year.

In related news, major shareholder Argonaut 22 Llc sold 1,523,000 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $14.88, for a total transaction of $22,662,240.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director David Lambert Parker sold 269,871 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $14.88, for a total transaction of $4,015,680.48. The disclosure for this sale can be found here. Insiders have sold 5,454,188 shares of company stock valued at $81,158,317 in the last ninety days.

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CarGurus Company Profile

CarGurus, Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers.

Insider Buying and Selling by Quarter for CarGurus (NASDAQ:CARG)

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