It Seems CarGurus, Inc. (CARG) Will Go Up. Formed A Few Months Double Top

April 22, 2018 - By Nellie Frank

The chart of CarGurus, Inc. (CARG) shows a double top with $34.63 target or 5.00 % above today’s $32.98 share price. The 7 months chart pattern indicates low risk for the $3.50B company. It was reported on Apr, 22 by Finviz.com. If the $34.63 price target is reached, the company will be worth $175.00M more. Double tops are rare but powerful chart patterns.

The stock increased 0.43% or $0.14 during the last trading session, reaching $32.98. About 328,904 shares traded or 8.05% up from the average. CarGurus, Inc. (NASDAQ:CARG) has 0.00% since April 22, 2017 and is . It has underperformed by 11.55% the S&P500.

Analysts await CarGurus, Inc. (NASDAQ:CARG) to report earnings on June, 7. CARG’s profit will be $1.06 million for 824.50 P/E if the $0.01 EPS becomes a reality. After $0.02 actual earnings per share reported by CarGurus, Inc. for the previous quarter, Wall Street now forecasts -50.00 % negative EPS growth.

CarGurus, Inc. (NASDAQ:CARG) Ratings Chart

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