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 close 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
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