D.A. Davidson Sticks to Their Buy Rating for CarGurus Inc


D.A. Davidson analyst Tom White maintained a Buy rating on CarGurus Inc (NASDAQ: CARG) today and set a price target of $43. The company’s shares opened today at $33.

According to TipRanks.com, White is a 2-star analyst with an average return of 1.7% and a 52.0% success rate. White covers the Services sector, focusing on stocks such as Booking Holdings Inc, Zillow Group Inc, and TripAdvisor Inc.

Currently, the analyst consensus on CarGurus Inc is Moderate Buy and the average price target is $41.33, representing a 25.2% upside.

In a report issued on April 30, Benchmark Co. also maintained a Buy rating on the stock with a $42 price target.

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CarGurus Inc’s market cap is currently $3.39B and has a P/E ratio of 371.63. The company has a book value ratio of 26.6979.

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Cargurus, Inc. engages in the provision of online auto shopping. It operates through proprietary technology, search algorithms, and innovative data analytics to analyze new and used car listings. The company was founded by Langley Steinert in 2006 and is headquartered in Cambridge, MA.

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