Could CarGurus, Inc. (CARG) Increase Even More? The Stock Formed Double Top

April 17, 2018 - By Paula Hilliard

The chart of CarGurus, Inc. (CARG) shows a double top with $34.01 target or 4.00 % above today’s $32.70 share price. The 6 months chart pattern indicates low risk for the $3.47B company. It was reported on Apr, 17 by If the $34.01 price target is reached, the company will be worth $138.80M more. Double tops are rare but powerful chart patterns.

The stock increased 0.49% or $0.16 during the last trading session, reaching $32.7. About 202,953 shares traded. CarGurus, Inc. (NASDAQ:CARG) has 0.00% since April 17, 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 817.50 P/E if the $0.01 EPS becomes a reality. After $0.02 actual EPS 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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