News

CarGurus spikes 72% in auto marketplace IPO

 Used car marketplace CarGurus spiked over 72% during its first day of trading.

The Cambridge, Massachusetts-based company had raised over $150 million after pricing its IPO at $16. By the end of trading Thursday, shares had gone up over 72%, closing at $27.58.

In a conversation earlier this morning with CarGurus CFO Jason Trevisan, he claimed that the business has become “the largest… Read More...

read more...

Published By: Techcrunch.com - Thursday, 12 October