CarGurus Announces Second Quarter 2024 Results
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August 9, 2024 6:31 AM EDT
DA Davidson analyst Tom White raised the price target on CarGurus Inc. (NASDAQ: CARG) to $26.50 (from $25.50) while maintaining a Neutral rating.
The analyst comments "NEUTRAL; Tweaking estimates; Raising PT Our NEUTRAL rating on CARG shares solely reflects our limited visibility on the timetable... More
August 9, 2024 6:24 AM EDT
RBC Capital analyst Brad Erickson raised the price target on CarGurus Inc. (NASDAQ: CARG) to $30.00 (from $27.00) while maintaining a Outperform rating.
The analyst comments "CARG's qtr was a good one. The company's seeing strong acceleration out of the core business as the used-car end... More
August 9, 2024 4:59 AM EDT
BTIG analyst Marvin Fong raised the price target on CarGurus Inc. (NASDAQ: CARG) to $30.00 (from $28.00) while maintaining a Buy rating.
The analyst comments "CARG saw no disruption to its business from the CDK (Private) outage and posted marketplace revenue ahead of the high end of guidance. Specifically, marketplace revenue came in at $195MM vs. guidance for $189-$194MM. The outlook was similarly strong, with CARG expecting 3Q marketplace revenue of $199-$204MM, nicely ahead of the Street's $195MM and our $197MM. Rather impressively, assuming 4Q24 marketplace revenue is at least flat... More
