Demystifying CarGurus: Insights From 10 Analyst Reviews
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on CarGurus (NASDAQ:CARG), with recent ratings showing a mix of bullish and somewhat bullish sentiments. The average 12-month price target has increased to $30.2, with a high of $32.00 and a low of $27.00. Despite a negative revenue trend, CarGurus maintains a strong net margin and prudent debt management.
September 09, 2024 | 3:00 pm
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CarGurus has received mixed analyst ratings, with a recent increase in the average price target to $30.2. The company faces revenue challenges but maintains strong net margins and prudent debt management.
The increase in the average price target and the majority of analysts being bullish or somewhat bullish suggest a positive short-term outlook. Despite revenue challenges, the company's strong net margins and prudent debt management are positive indicators.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100