CarGurus (CARG) Gets a Buy Rating from SunTrust Robinson

By Austin Angelo

In a report released today, Naved Khan from SunTrust Robinson maintained a Buy rating on CarGurus (CARGResearch Report), with a price target of $55.00. The company’s shares closed last Monday at $34.10.

According to TipRanks.com, Khan is a 5-star analyst with an average return of 15.5% and a 63.9% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, GoDaddy, and trivago.

CarGurus has an analyst consensus of Moderate Buy, with a price target consensus of $54.00.

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CarGurus’ market cap is currently $3.86B and has a P/E ratio of 94.28. The company has a Price to Book ratio of 16.24.

Based on the recent corporate insider activity of 246 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CARG in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Cargurus, Inc. engages in the provision of online auto shopping. It offers proprietary technology, search algorithms, and innovative data analytics to analyze new and used car listings. The firm operates through the following segments: United States and International.