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Fly News Breaks for September 11, 2019
CARG
Sep 11, 2019 | 16:18 EDT
Needham analyst Brad Erickson started CarGurus with a Hold rating and no price target. The company "has bumped into a ceiling relative to the drivers that would excite investors," Erickson tells investors in a research note. The analyst sees limits to dealer growth and CarGurus' ability to capture incremental dealer wallet. Further, he also worries "about the inevitable Google risk to traffic."
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CARG
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