The brokerage currently has a $36.00 target price on the stock. Zacks Investment Research‘s price target points to a potential upside of 7.91% from the stock’s previous close.
According to Zacks, “CarGurus is an online automotive marketplace connecting buyers and sellers of new and used cars. The company uses proprietary technology, search algorithms and data analytics. It operates primarily in Canada, the United Kingdom and Germany. CarGurus, Inc.is based in CAMBRIDGE, United States. “
Other analysts have also recently issued research reports about the stock. Consumer Edge initiated coverage on shares of CarGurus in a research report a few months ago. They set an “overweight” rating on the stock. BidaskClub raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday. ValuEngine raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report. Needham & Company LLC initiated coverage on shares of CarGurus in a research report. They set a “hold” rating on the stock. Finally, JMP Securities cut their price target on shares of CarGurus to $50.00 and set an “outperform” rating on the stock in a research report. Two research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. CarGurus presently has an average rating of “Buy” and a consensus price target of $48.17.
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