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Car shopping site CarGurus hires banks for stock offering, report says

CarGurus, a popular website where consumers go to browse cars, has tapped investment banks for an initial public offering later this year, people familiar with the matter told Reuters.

| UPDATED: 3/28/17 4:22 pm ET - adds closing stock price
GM urged by investor to create 2 share classes

A Wall Street hedge fund proposed a plan that would split GM's common stock into two classes to help the automaker improve financial flexibility and

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