On Nov 09, major Wall Street analysts update their ratings for $CarGurus (CARG.US)$, with price targets ranging from $39 to $44.
J.P. Morgan analyst Rajat Gupta CFA maintains with a buy rating, and adjusts the target price from $36 to $40.
Oppenheimer analyst Jed Kelly maintains with a buy rating, and adjusts the target price from $32 to $44.
Needham analyst Chris Pierce maintains with a buy rating, and adjusts the target price from $27 to $39.
BTIG analyst Marvin Fong maintains with a buy rating, and adjusts the target price from $35 to $41.
D.A. Davidson analyst Tom White maintains with a hold rating.
Furthermore, according to the comprehensive report, the opinions of $CarGurus (CARG.US)$'s main analysts recently are as follows:
CarGurus' Q3 outcomes revealed a robust outperformance on EBITDA, continuing a streak of surpassing consensus EBITDA expectations for the eighth quarter in a row. This achievement, attributed to impressive marketplace revenue expansion, highlights the effectiveness of CarGurus' product development efforts over recent years.
CarGurus reported another strong quarter, with management providing optimistic guidance. The ability of the company to increase market share while simultaneously achieving significant margin growth and generating substantial cash flow continues to impress.
Here are the latest investment ratings and price targets for $CarGurus (CARG.US)$ from 5 analysts:
Note:
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