BTIG raised the firm’s price target on CarGurus (CARG) to $44 from $39 and keeps a Buy rating on the shares as the firm rolls its base valuation year to FY27. The firm is also adding a “modest” $100M valuation, or roughly $1 per share in value, for CarGurus’ emerging solutions business, the analyst tells investors.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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 $45 from $42 at Jefferies
- CarGurus announces launch of PriceVantage solution
- BofA sees any impact on Carvana sales from Amazon Autos as likely pushed out
- CarGurus Earnings Call: Positive Growth and Strategic Expansion
- CarGurus: Strong Performance and Growth Potential Justify Buy Rating