BTIG analyst Marvin Fong lowered the firm’s price target on CarGurus (CARG) to $37 from $44 and keeps a Buy rating on the shares. The company’s guidance finally gave clarity to prior comments that 2026 EBITDA margins would experience a slight step down, the analyst tells investors in a research note.
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Read More on CARG:
- CarGurus price target lowered to $32 from $41 at Citi
- CarGurus: Accelerating Marketplace Growth, AI-Driven Product Momentum, and Share Repurchases Support Buy Rating Through 2026
- CarGurus reports Q4 EPS 63c, consensus 63c
- CarGurus sees Q1 EPS 52c-58c, consensus 56c
- CarGurus sees FY26 revenue up 10%-13%