Needham analyst Chris Pierce maintains $CarGurus (CARG.US)$ with a buy rating, and adjusts the target price from $27 to $39.
According to TipRanks data, the analyst has a success rate of 33.6% and a total average return of -18.1% 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 outcomes revealed a robust outperformance on EBITDA, continuing its streak of exceeding consensus EBITDA projections for the eighth quarter in a row. The company's notable financial performance is being attributed to vigorous marketplace revenue growth, underscoring the effectiveness of CarGurus' product development efforts over the recent years.
The company reported another impressive quarter, and the guidance provided by management was strong. Analysts note a continued appreciation for CarGurus's capacity to increase market share while simultaneously achieving significant margin growth and producing substantial cash flow.
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.
Needham分析師Chris Pierce維持$CarGurus (CARG.US)$買入評級，並將目標價從27美元上調至39美元。
根據TipRanks數據顯示，該分析師近一年總勝率為33.6%，總平均回報率為-18.1%。
此外，綜合報道，$CarGurus (CARG.US)$近期主要分析師觀點如下：
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總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
