The Latest Breaking News from CARG

The e-commerce market offers a strong investment opportunity before year-end due to rising consumer demand, growth in online sales, and increasing holiday spending, driving significant market expansion. Therefore, investing in high-growth e-commerce stocks like Amazon.com (AMZN), Alibaba Group Holding (BABA), and CarGurus (CARG) could be a smart move before year-end.…

The internet services industry is expected to grow steadily due to increased internet penetration and digitization. Against this backdrop, it could be wise to buy fundamentally strong internet stocks trivago (TRVG), CarGurus (CARG), and Data Storage (DTST) for profits. Read more.

Despite economic constraints, the technology sector is poised to grow amid digital transformation across industries and government initiatives. So, investors might consider buying fundamentally strong internet stocks, Expedia Group (EXPE), CarGurus (CARG), and Despegar.com (DESP). Read on.

Needham analyst Chris Pierce anticipated CarGurus, Inc (NASDAQ: CARG) leveraging its industry-leading traffic metrics over the long term to create a compelling end-to-end digital solution for independent brick and mortar car dealerships. 

Over the past 3 months, 6 analysts have published their opinion on CarGurus (NASDAQ:CARG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

According to Benzinga Pro data CarGurus (NASDAQ:CARG) posted a 44.85% decrease in earnings from Q4. Sales, however, increased by 26.89% over the previous quarter to $430.61 million.

Needham analyst Chris Pierce reiterated a Buy rating and $40 (53.4% upside) target post-CarGurus, Inc's (NASDAQ:CARG) Investor Day and added it to the Needham Conviction List (replacing ACV Auctions Inc (NASDAQ: ACVA)).  Pierce cited increased confidence in the growth of the dealer-facing subscription business and multiple tailwinds supporting share gains in wholesale.  He saw better monetization of…

Within the last quarter, CarGurus (NASDAQ:CARG) has observed the following analyst ratings:

Over the past 3 months, 7 analysts have published their opinion on CarGurus (NASDAQ:CARG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.