Media headlines about CarGurus (NASDAQ:CARG) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. CarGurus earned a coverage optimism score of 0.02 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.3255938844783 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- CarGurus Inc (CARG) Given Consensus Rating of “Hold” by Analysts (americanbankingnews.com)
- Q1 2018 Earnings Estimate for CarGurus Inc (CARG) Issued By DA Davidson (americanbankingnews.com)
- Used Ford Ka most popular choice for new drivers with average budget of £4,627 (am-online.com)
- New drivers are spending less on their first cars than in the 50s and 60s (thesun.co.uk)
- CarGurus (CARG) Coverage Initiated by Analysts at DA Davidson (americanbankingnews.com)
Shares of CARG opened at $38.00 on Monday. The firm has a market cap of $4,032.75 and a PE ratio of 316.67. CarGurus has a 12-month low of $25.85 and a 12-month high of $40.60.
A number of research analysts have weighed in on the stock. DA Davidson assumed coverage on shares of CarGurus in a research report on Wednesday, April 4th. They set a “neutral” rating and a $41.00 price objective on the stock. BidaskClub cut shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Friday, March 2nd. Zacks Investment Research upgraded shares of CarGurus from a “hold” rating to a “buy” rating and set a $34.00 price objective on the stock in a research report on Monday, January 8th. Finally, Benchmark assumed coverage on shares of CarGurus in a research report on Thursday, March 22nd. They set a “buy” rating and a $42.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $35.20.
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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.
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