BTIG analyst Marvin Fong maintained a Buy rating on CarGurus (CARG – Research Report) yesterday and set a price target of $26.00. The company’s shares closed last Friday at $24.16.
According to TipRanks, Fong is an analyst with an average return of -9.3% and a 38.68% success rate. Fong covers the Consumer Cyclical sector, focusing on stocks such as Mercadolibre, Etsy, and Beyond Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CarGurus with a $22.71 average price target.
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The company has a one-year high of $24.64 and a one-year low of $14.13. Currently, CarGurus has an average volume of 979.4K.
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CarGurus (CARG) Company Description:
Cargurus, Inc. engages in the provision of online auto shopping. It offers proprietary technology, search algorithms, and innovative data analytics to analyze new and used car listings. The firm operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services, and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services, and other revenues from customers outside of the United States. The company was founded by Langley Steinert in 2006 and is headquartered in Cambridge, MA.
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