BTIG raised the firm’s price target on CarGurus to $29 from $26 and keeps a Buy rating on the shares. The firm’s listings tracking shows strong Digital Deal adoption in 4Q23, which bodes well for an upside surprise to QARSD in Q4, the analyst tells investors in a research note. Additionally, channel checks indicate dealers are leaning into lead generation as consumer demand treads water and supply grows, BTIG says.
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