Oppenheimer raised the firm’s price target on CarGurus to $30 from $26 and keeps an Outperform rating on the shares. The firm is also increasing its 2024 CARG EBITDA by 11% on better QARSD pricing and expects shares to rebound once the Q1 outlook is better digested.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on CARG:
- CarGurus Inc Announces CPO Andrea Eldridge’s Resignation
- CarGurus Announces Fourth Quarter and Full-Year 2023 Results
- CARG Upcoming Earnings Report: What to Expect?
- CarGurus To Report Fourth Quarter and Full-Year 2023 Financial Results
- CarGurus partners with Chase to expand consumer financing options
