William Blair analyst Ralph Schackart has maintained their bullish stance on CARG stock, giving a Buy rating on February 5.
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Ralph Schackart has given his Buy rating due to a combination of factors, including CarGurus’s accelerating core marketplace performance and strengthening user engagement metrics. The company is delivering midteens revenue growth for a second consecutive year, supported by larger customer spend, best-in-three-years retention, and industry‑leading app usage that translates into meaningful influence over vehicle sales.
He also highlights the early payoff from AI‑driven search initiatives and the growing impact of new data‑centric products on dealer productivity and lead generation. In addition, Schackart views the sizable ongoing share repurchase program—having retired roughly a quarter of shares and adding a fresh authorization—as a strong signal of management’s confidence and a catalyst for shareholder value, reinforcing his constructive outlook through 2026.
According to TipRanks, Schackart is a 4-star analyst with an average return of 8.1% and a 50.00% success rate. Schackart covers the Communication Services sector, focusing on stocks such as Netflix, Meta Platforms, and Alphabet Class C.
In another report released on February 5, Needham also maintained a Buy rating on the stock with a $37.00 price target.