Cargurus' stock recently saw a short interest increase of 6.38%. The company's total short interest is around 4.7 million shares, up from 4.42 million. With a shares volume on average at 564,000, short sellers will need eight days before they can cover their short positions.
The stock decreased 1.06% or $0.38 during the last trading session, reaching $35.54. About 142,908 shares traded. CarGurus, Inc. has risen 23.14% since May 22, 2018 and is uptrending. It has outperformed by 18.77% the S&P 500.
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company has market cap of $3.95 billion. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. It has a 56.41 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.
Among 2 analysts covering CarGurus, 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. CarGurus had 5 analyst reports since March 1, 2019 according to SRatingsIntel. The rating was upgraded by Goldman Sachs to “Buy” on Monday, March 18. On Friday, March 1 the stock rating was maintained by Citigroup with “Buy”.
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