What’s Propelling Cargurus Inc – Class A (NASDAQ:CARG) After Lower Shorts Reported?

April 20, 2018 - By Adrian Erickson

The stock of Cargurus Inc – Class A (NASDAQ:CARG) registered a decrease of 1.78% in short interest. CARG’s total short interest was 4.08 million shares in April as published by FINRA. Its down 1.78% from 4.15 million shares, reported previously. With 147,300 shares average volume, it will take short sellers 28 days to cover their CARG’s short positions. The short interest to Cargurus Inc – Class A’s float is 11.49%.

The stock decreased 0.12% or $0.04 during the last trading session, reaching $32.84. About 323,377 shares traded or 6.43% up from the average. CarGurus, Inc. (NASDAQ:CARG) has 0.00% since April 20, 2017 and is . It has underperformed by 11.55% 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 $3.49 billion. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. It has a 273.67 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.

CarGurus, Inc. (NASDAQ:CARG) Ratings Chart

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