RBC Capital analyst Brad Erickson maintains $CarGurus (CARG.US)$ with a buy rating, and adjusts the target price from $30 to $42.
According to TipRanks data, the analyst has a success rate of 57.8% and a total average return of 21.2% 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 displayed a significant outperformance on EBITDA, continuing the trend of surpassing consensus EBITDA expectations for the eighth consecutive quarter. This performance was propelled by robust marketplace revenue growth, underscoring the company's successful product development efforts over recent years.
The company has reported another impressive quarter, complemented by strong guidance from management. Analysts note the company's consistent ability to capture increased market share, as well as its success in significantly expanding margins and generating substantial cash flow.
Note:
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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.
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