Where CarGurus Stands With Analysts
Portfolio Pulse from Benzinga Insights
CarGurus (NASDAQ:CARG) has received mixed ratings from 9 analysts over the past three months, with a recent trend towards more bullish perspectives. The average 12-month price target has increased to $29.78, reflecting a 7.82% rise from the previous target. Analysts have raised their ratings and price targets, indicating a positive outlook despite the company's recent revenue decline and below-average ROE and ROA.
August 12, 2024 | 1:00 pm
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POSITIVE IMPACT
CarGurus has received a mix of bullish and somewhat bullish ratings from analysts, with an increased average price target of $29.78. This reflects a positive sentiment despite recent revenue challenges.
The majority of analysts have raised their ratings and price targets for CarGurus, indicating a positive short-term outlook. The increase in the average price target suggests confidence in the company's future performance despite recent revenue declines.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100