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CarGurus upgraded to Buy with $45 price target at Jefferies » 08:05
01/07/22
01/07
08:05
01/07/22
08:05
CARG

CarGurus

$32.56 /

+0.6 (+1.88%)

As previously reported,…

As previously reported, Jefferies analyst John Colantuoni upgraded CarGurus to Buy from Hold with a price target of $45, up from $42. As existing dealership customers adopt the new CarOffer offering it will provide incremental monetization and will simultaneously improve the network effect and overall value for dealerships, argues Colantuoni. The company's leading website traffic gives it a differentiated ability to tap 10M units currently sold peer-to-peer, adds the analyst. In addition to being a standalone revenue driver, wholesale broadens the company's dealership offering and deepens engagement with dealerships, allowing them to "act from a position of strength," argues the analyst.

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CARG CarGurus
$32.56 /

+0.6 (+1.88%)

CARG CarGurus
$32.56 /

+0.6 (+1.88%)

01/07/22 Jefferies
CarGurus upgraded to Buy from Hold at Jefferies
12/21/21 Needham
CarGurus named Needham's Top Idea in Internet Services for 2022
11/15/21 DA Davidson
CarGurus price target raised to $42 from $31 at DA Davidson
11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
CARG CarGurus
$32.56 /

+0.6 (+1.88%)

CARG CarGurus
$32.56 /

+0.6 (+1.88%)

Upgrade
CarGurus upgraded to Buy from Hold at Jefferies » 04:59
01/07/22
01/07
04:59
01/07/22
04:59
CARG

CarGurus

$32.56 /

+0.6 (+1.88%)

Jefferies analyst John…

Jefferies analyst John Colantuoni upgraded CarGurus to Buy from Hold with a price target of $45, up from $42.

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CARG CarGurus
$32.56 /

+0.6 (+1.88%)

CARG CarGurus
$32.56 /

+0.6 (+1.88%)

12/21/21 Needham
CarGurus named Needham's Top Idea in Internet Services for 2022
11/15/21 DA Davidson
CarGurus price target raised to $42 from $31 at DA Davidson
11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
CARG CarGurus
$32.56 /

+0.6 (+1.88%)

CARG CarGurus
$32.56 /

+0.6 (+1.88%)

Recommendations
CarGurus named Needham's Top Idea in Internet Services for 2022 » 08:24
12/21/21
12/21
08:24
12/21/21
08:24
CARG

CarGurus

$31.07 /

-1.35 (-4.16%)

Needham analyst Chris…

Needham analyst Chris Pierce keeps his Buy rating and $46 price target on CarGurus while naming the stock his Top Pick in Internet Services for 2022 and adding it to the Needham Conviction List. The recent pullback in the stock offers a chance to own a "compelling" transformation story at an "attractive" price as CarGurus pushes further into two new addressable markets that dwarf the size of their legacy lead generation business, the analyst tells investors in a research note. CarGurus is already showing strong execution in the digital dealer to dealer used vehicle wholesale market, and now looks poised to penetrate the offline peer to peer used vehicle market as well, Pierce adds.

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CARG CarGurus
$31.07 /

-1.35 (-4.16%)

CARG CarGurus
$31.07 /

-1.35 (-4.16%)

11/15/21 DA Davidson
CarGurus price target raised to $42 from $31 at DA Davidson
11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
11/10/21 Benchmark
CarGurus price target raised to $63 from $59 at Benchmark
CARG CarGurus
$31.07 /

-1.35 (-4.16%)

CARG CarGurus
$31.07 /

-1.35 (-4.16%)

Over a month ago
Hot Stocks
CarGurus names Matt Quinn as Chief Technology Officer » 16:32
12/09/21
12/09
16:32
12/09/21
16:32
CARG

CarGurus

$36.84 /

-1.5 (-3.91%)

CarGurus announced it has…

CarGurus announced it has hired Matt Quinn as its Chief Technology Officer. In this role, Quinn will report to CEO Jason Trevisan, and will oversee the company's entire engineering organization. He will focus on scaling the team and guiding the evolution of the company's technology platform as CarGurus fulfills its strategy of creating an end-to-end automotive transaction platform.

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CARG CarGurus
$36.84 /

-1.5 (-3.91%)

CARG CarGurus
$36.84 /

-1.5 (-3.91%)

11/15/21 DA Davidson
CarGurus price target raised to $42 from $31 at DA Davidson
11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
11/10/21 Benchmark
CarGurus price target raised to $63 from $59 at Benchmark
CARG CarGurus
$36.84 /

-1.5 (-3.91%)

CARG CarGurus
$36.84 /

-1.5 (-3.91%)

Conference/Events
CarGurus management to meet virtually with Oppenheimer » 04:55
12/03/21
12/03
04:55
12/03/21
04:55
CARG

CarGurus

$37.20 /

+0.52 (+1.42%)

Virtual Meeting with CEO…

Virtual Meeting with CEO Trevisan, COO Zales and CFO Fredo will be held on December 3 hosted by Oppenheimer.

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CARG CarGurus
$37.20 /

+0.52 (+1.42%)

CARG CarGurus
$37.20 /

+0.52 (+1.42%)

11/15/21 DA Davidson
CarGurus price target raised to $42 from $31 at DA Davidson
11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
11/10/21 Benchmark
CarGurus price target raised to $63 from $59 at Benchmark
CARG CarGurus
$37.20 /

+0.52 (+1.42%)

CARG CarGurus
$37.20 /

+0.52 (+1.42%)

Conference/Events
CarGurus management to meet virtually with Oppenheimer » 10:59
11/26/21
11/26
10:59
11/26/21
10:59
CARG

CarGurus

$36.28 /

+0.17 (+0.47%)

Virtual Meeting with CEO…

Virtual Meeting with CEO Trevisan, COO Zales and CFO Fredo will be held on December 3 hosted by Oppenheimer.

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CARG CarGurus
$36.28 /

+0.17 (+0.47%)

CARG CarGurus
$36.28 /

+0.17 (+0.47%)

11/15/21 DA Davidson
CarGurus price target raised to $42 from $31 at DA Davidson
11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
11/10/21 Benchmark
CarGurus price target raised to $63 from $59 at Benchmark
CARG CarGurus
$36.28 /

+0.17 (+0.47%)

CARG CarGurus
$36.28 /

+0.17 (+0.47%)

Hot Stocks
CarGurus appoints Dafna Sarnoff as Chief Marketing Officer » 16:31
11/16/21
11/16
16:31
11/16/21
16:31
CARG

CarGurus

$38.97 /

+0.805 (+2.11%)

CarGurus announced a…

CarGurus announced a transition in its executive team with Sarah Welch stepping down and Dafna Sarnoff joining the company as Chief Marketing Officer. Dafna Sarnoff, a veteran marketing leader, will join CarGurus as CMO on December 8. Sarnoff has deep experience helping innovative companies achieve significant growth. Most recently, she led marketing and operations for the fast-growing, Boston-based consumer digital security company Aura. She previously led marketing for Intersection, a Google-backed experience-driven technology and media company, and for Yodle, a digital marketing Saas business which was acquired by Web.com. Sarnoff also brings a decade of experience as a successful consumer and B2B marketing leader at American Express, after starting her career in management consulting at Bain & Company.

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CARG CarGurus
$38.97 /

+0.805 (+2.11%)

CARG CarGurus
$38.97 /

+0.805 (+2.11%)

11/15/21 DA Davidson
CarGurus price target raised to $42 from $31 at DA Davidson
11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
11/10/21 Benchmark
CarGurus price target raised to $63 from $59 at Benchmark
CARG CarGurus
$38.97 /

+0.805 (+2.11%)

CARG CarGurus
$38.97 /

+0.805 (+2.11%)

Recommendations
CarGurus price target raised to $42 from $31 at DA Davidson » 09:11
11/15/21
11/15
09:11
11/15/21
09:11
CARG

CarGurus

$38.53 /

-0.27 (-0.70%)

DA Davidson analyst Tom…

DA Davidson analyst Tom White raised the firm's price target on CarGurus to $42 from $31 but keeps a Neutral rating on the shares. The company's Q3 results topped expectations with solid performance in the U.S. core listings business, though this was offset somewhat by a "tepid" sequential growth at CarOffer, the analyst tells investors in a research note. White adds that while he expects CarGurus' inventory-related headwinds to inevitably subside, he prefers to get a better sense of what CarOffer's growth trajectory will look like in a more normalized environment.

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CARG CarGurus
$38.53 /

-0.27 (-0.70%)

CARG CarGurus
$38.53 /

-0.27 (-0.70%)

11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
11/10/21 Benchmark
CarGurus price target raised to $63 from $59 at Benchmark
11/10/21 RBC Capital
CarGurus price target raised to $48 from $40 at RBC Capital
CARG CarGurus
$38.53 /

-0.27 (-0.70%)

CARG CarGurus
$38.53 /

-0.27 (-0.70%)

Hot Stocks
CarGurus Instant Max Cash Offer extends to New York, Maryland, Minnesota » 09:09
11/11/21
11/11
09:09
11/11/21
09:09
CARG

CarGurus

$38.01 /

+2.02 (+5.61%)

CarGurus announced it is…

CarGurus announced it is bringing its online car selling experience to more states. CarGurus has added New York, Maryland and Minnesota as the latest locations to its phased national rollout of CarGurus Instant Max Cash Offer. "We are thrilled with the early success of CarGurus Instant Max Cash Offer and we're only halfway through our rollout across the U.S.," said Sam Zales, President and Chief Operating Officer at CarGurus. "We are delivering a solution that simply hasn't been done before - one that benefits dealers faced with a scarcity of inventory, and one that meets the demands of consumers for convenience, transparency, simplicity and a premium buy offer. Our rollout of CarGurus Instant Max Cash Offer is being done in a thoughtful, deliberately staggered way to ensure seamless scalability and reliability for everyone involved. The response so far has been outstanding and we are only at the tip of the spear in realizing the potential of our reach and capabilities." As of September 30th, there were approximately 7,000 dealer rooftops enrolled on the CarOffer Buying Matrix platform.

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CARG CarGurus
$38.01 /

+2.02 (+5.61%)

CARG CarGurus
$38.01 /

+2.02 (+5.61%)

11/10/21 BTIG
CarGurus price target raised to $43 from $36 at BTIG
11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
11/10/21 Benchmark
CarGurus price target raised to $63 from $59 at Benchmark
11/10/21 RBC Capital
CarGurus price target raised to $48 from $40 at RBC Capital
CARG CarGurus
$38.01 /

+2.02 (+5.61%)

CARG CarGurus
$38.01 /

+2.02 (+5.61%)

Recommendations
CarGurus price target raised to $43 from $36 at BTIG » 09:48
11/10/21
11/10
09:48
11/10/21
09:48
CARG

CarGurus

$37.18 /

+1.19 (+3.31%)

BTIG analyst Marvin Fong…

BTIG analyst Marvin Fong raised the firm's price target on CarGurus to $43 from $36 and keeps a Buy rating on the shares. The analyst cites the company's Q3 earnings beat and states that the quarter shows an early glimpse of how the Instant Max Cash Offer is performing, with Q4 likely to see "significant growth" in the business.

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CARG CarGurus
$37.18 /

+1.19 (+3.31%)

CARG CarGurus
$37.18 /

+1.19 (+3.31%)

11/10/21 Needham
CarGurus price target raised to $46 from $38 at Needham
11/10/21 Benchmark
CarGurus price target raised to $63 from $59 at Benchmark
11/10/21 RBC Capital
CarGurus price target raised to $48 from $40 at RBC Capital
09/27/21 Benchmark
CarGurus price target raised to $59 from $46 at Benchmark
CARG CarGurus
$37.18 /

+1.19 (+3.31%)

CARG CarGurus
$37.18 /

+1.19 (+3.31%)

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