DA Davidson raised the firm’s price target on CarGurus (CARG) to $36 from $33.50 and keeps a Neutral rating on the shares. The company reported in-line Q1 results and Q2 guidance, with the firm also noting that 2026 will see CarGurus lean into further investment in product, tech, engineering, and marketing to sustain an accelerated pace of innovation, the analyst tells investors in a research note.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CARG:
- CarGurus price target raised to $40 from $37 at BTIG
- CarGurus price target raised to $38 from $36 at JPMorgan
- Analyst Lifts CarGurus Price Target to $43, Reaffirming Buy on Strong Execution and AI-Driven Growth
- CarGurus Earns Buy Rating on Re-Accelerating Marketplace Growth, AI-Driven Engagement, and EPS Support from Share Repurchases
- CarGurus reports Q1 adjusted EPS 58c, consensus 57c