JMP Securities analyst Nicholas Jones CFA maintains $CarGurus (CARG.US)$ with a buy rating, and maintains the target price at $41.
According to TipRanks data, the analyst has a success rate of 58.1% and a total average return of 31.7% over the past year.
Furthermore, according to the comprehensive report, the opinions of $CarGurus (CARG.US)$'s main analysts recently are as follows:
CarGurus' Q3 results demonstrated a robust outperformance on EBITDA, continuing its streak of surpassing consensus EBITDA estimates for the eighth quarter in a row. The company's impressive performance is largely attributed to vigorous marketplace revenue growth, underscoring the effectiveness of CarGurus' product development efforts over recent years.
CarGurus continues to demonstrate consistent performance in its core marketplace, with CarOffer indicating signs of progress. The company's advantageous Marketplace mix shift is contributing to margin improvements and the pace of capital return is increasing.
The company has reported another impressive quarter and provided strong guidance, according to the analyst. The analyst notes that CarGurus's consistent market share growth paired with significant margin improvement and substantial cash flow generation continue to impress.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
