By | March 27, 2019

CarGurus (NASDAQ:CARG) spotted trading -31.90% off 52-week high price. On the other end, the stock has been noted 33.60% away from the low price over the last 52-weeks. The stock changed 2.47% to recent value of $38.99. The stock transacted 542764 shares during most recent day however it has an average volume of 681K shares. The company has 115.48M of outstanding shares and 59.25M shares were floated in the market.

CarGurus (NASDAQ:CARG), a leading global automotive marketplace, reported that Spencer Scott has joined the company as SVP of Advertising and Digital Marketing Solutions. In this role, he will oversee CarGurus’ global advertising business, as well as global strategy for the company’s growing suite of digital marketing products for dealerships. Prior to joining CarGurus, Spencer led Publisher’s Clearing House revenue and media business, and previously served as Chief Revenue Officer at Fiksu.

“I am thrilled to welcome Spencer to the CarGurus team,” said Sam Zales, President and COO of CarGurus. “Spencer not only brings deep media and advertising technology experience, but also has a proven track record of leading revenue expansion at high-growth digital marketing companies. He will be a tremendous addition to our company as we continue to build our advertising and digital solutions business globally.”

“CarGurus’ audience is now unmatched in the U.S. and growing fast internationally, and that creates new opportunity to deliver even more value to our dealers, OEMs and industry partners,” said Spencer Scott, SVP of Advertising and Digital Marketing Suite. “I am excited to join this talented team as we continue to innovate and grow our advertising business.”

Globally, more than 31,000 dealers subscribed to CarGurus’ paid listings products as of the end of Q4 2018. The company also offers a suite of digital marketing solutions for dealerships, including display, retargeting and paid search offerings designed to help dealers efficiently engage shoppers and market their inventory or dealership brand. CarGurus also sells advertising to dealerships, OEMs and other industry partners.

Its earnings per share (EPS) expected to touch remained 737.00% for this year while earning per share for the next 5-years is expected to reach at 53.00%. CARG has a gross margin of 94.50% and an operating margin of 5.10% while its profit margin remained 14.40% for the last 12 months.

According to the most recent quarter its current ratio was 3.1 that represents company’s ability to meet its current financial obligations. The price moved ahead of -1.78% from the mean of 20 days, -2.06% from mean of 50 days SMA and performed -5.62% from mean of 200 days price. Company’s performance for the week was -0.54%, -8.09% for month and YTD performance remained 15.59%.

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Theresa Mitchell

About Theresa Mitchell

Theresa Mitchell studied a business degree majoring in finance and security analysis. She has a deep understanding of both technical and fundamental forms of analysis, she deeply believes that it makes a lot more sense for average investors to understand fundamental analysis, which she believes anyone can learn. Theresa has over 10 years of experience as a professional journalist, writer and an editor. She holds a bachelor’s degree in International Business from University of Melbourne. She writes articles about hot stocks, dividend growth investing, options trading, investment decisions, stock selection, portfolio management, and passive income generation. Theresa primarily reports on Hot Stocks category. Email Contact: Theresa@newsregistrar.com

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