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CarGurus price target raised to $42 from $40 at B. Riley

B. Riley analyst Naved Khan raised the firm’s price target on CarGurus (CARG) to $42 from $40 and keeps a Buy rating on the shares. The company reported solid Q1 results for its core marketplace, the analyst tells investors in a research note. The firm finds the stock’s risk/reward attractive given the durability of the company’s marketplace’s growth and expanding margins.

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