BTIG analyst Marvin Fong raised the firm’s price target on CarGurus (CARG) to $40 from $37 and keeps a Buy rating on the shares. The company delivered its 14th consecutive quarter of generating adjusted EBITDA above the midpoint of guidance while also modestly beating on revenue, the analyst tells investors in a research note.
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Read More on CARG:
- 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
- CarGurus sees Q2 adjusted EPS 57c-64c, consensus 60c
- CarGurus sees FY26 revenue growth of 10%-13% year-over-year