CarGurus price target lowered to $34 from $40 at RBC Capital

RBC Capital analyst Brad Erickson lowered the firm’s price target on CarGurus (CARG) to $34 from $40 and keeps an Outperform rating on the shares. The company’s Q4 was a bit mixed on positive dealer adds offset by lighter QARSD – Quarterly Average Revenue per Subscribing Dealer) – and a surprise 2026 margin guide down, signaling an investment year, the analyst tells investors in a research note.