William Blair analyst Ralph Schackart has maintained their bullish stance on CARG stock, giving a Buy rating on November 1.
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Ralph Schackart has given his Buy rating due to a combination of factors that highlight CarGurus’ strong market position and growth potential. The company has shown robust performance in its core marketplace business, achieving a 13.5% year-over-year growth, with notable increases in both dealer participation and subscription pricing. International dealer pricing has also outpaced that of the U.S., indicating a solid global expansion.
Furthermore, CarGurus is leveraging advanced technologies like agentic AI and GenAI to enhance its product offerings and operational efficiency. These innovations have significantly boosted content generation and engineering productivity, while reducing reliance on outsourced teams. Additionally, CarGurus’ strategic share repurchase program, which has already seen 22% of shares bought back since December 2022, reflects confidence in its financial health. The company’s efforts to expand its addressable market through data-driven solutions, such as the newly launched Price Vantage, further underscore its potential for future growth.
In another report released on November 1, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $39.00 price target.