William Blair analyst Ralph Schackart has maintained their bullish stance on CARG stock, giving a Buy rating on April 27.
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Ralph Schackart has given his Buy rating due to a combination of factors that highlight both accelerating fundamentals and effective execution. He notes that CarGurus’ core marketplace is re-accelerating, supported by stronger uptake of premium listings, broader use of AI-enhanced products, and growing dealer relationships, including robust international momentum in markets like the U.K. and Canada. In addition, dealers continue to view the platform as delivering leading returns on their marketing spend, underscoring its competitive positioning and pricing power.
Schackart also points to the company’s growing mobile and AI ecosystem as a key driver of future value. The CarGurus app is now a top traffic source with industry-leading engagement, and the firm’s early move into AI-native experiences—such as its ChatGPT integration and the Discover generative search tool—is already boosting user engagement and lead generation. Complementing these growth initiatives, an active share repurchase program, which has meaningfully reduced the share count, supports earnings per share and signals management’s confidence in the business trajectory.
According to TipRanks, Schackart is a 4-star analyst with an average return of 9.8% and a 53.85% success rate. Schackart covers the Communication Services sector, focusing on stocks such as AppLovin, Meta Platforms, and NerdWallet, Inc. Class A.
In another report released on April 27, RBC Capital also maintained a Buy rating on the stock with a $34.00 price target.