Shares of CarGurus Inc. rocketed 80% on their first day of trade Thursday, after the company priced its initial public offering above the price range. Shares of the company, which uses algorithms and data analytics to find users deals on new and used cars, gained $12.82 to $28.82 in midmorning trade. The company sold 9.4 million shares at $16 apiece, above its $13 to $15 range. The stock is trading on Nasdaq under the ticker symbol “CARG”. The S&P 500 was down 0.1%.
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