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This car stock was up 72% on its debut, Dow, S&P 500, Nasdaq slip

bizjournals Thursday, 12 October 2017
Stocks were down overall today — including the Dow Jones Industrial Average — but an online car selling marketplace had a big debut on Wall Street. CarGurus (Nasdaq: CARG) debuted at $16 today in its first day of trading and shot up 80 percent before closing at $27.58 per share, according to Yahoo Finance. That is a 72.37 percent gain. CarGurus is based in Massachusetts and is an online marketplace for cars. It’s in the same competitive space as Tempe-based Carvana (NYSE: CVNA) which is…
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