CarGurus price target lowered to $33.50 from $37.50 at DA Davidson

DA Davidson lowered the firm’s price target on CarGurus (CARG) to $33.50 from $37.50 and keeps a Neutral rating on the shares. The firm cites the company’s solid Q4 results but mixed forward outlook, the analyst tells investors in a research note. DA Davidson adds that it remains at neutral on the stock pending a better sense that these new offers will enable CarGurus to sustain at least a high-single-digit pace of U.S. QARSD growth seemingly implied in the 2026 outlook.