Oppenheimer Trims Target Price on CarGurus (CARG) to $38 [Yahoo! Finance]
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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US:NASDAQ Investor Relations:
investors.cargurus.com/investor-relations
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Source: Yahoo! Finance
CarGurus Inc. (NASDAQ: CARG ) is one of the 15 Most Undervalued NASDAQ Stocks to Buy According to Wall Street Analyst On February 24, Oppenheimer trimmed its target price on CarGurus by 5.0% to $38 (from $40) but retained the firm's Outperform call on the stock. The AI disruption narrative, which compressed valuation multiples of tech and software companies – ultimately driving down CarGuru's stock price this year (down ~18% year to date)- was a key factor for this target price cut. The firm, however, believes that CARG's best-in-class used car proprietary valuation data, good dealer relationships, and AI-adoption insulate it from LLM disruption and, thus, the overweight rating. Oppenheimer Trims Target Price on CarGurus (CARG) to $38 Oppenheimer also sees potential upside for CARG, as new products and features (such as PriceVantage, New Car Exposure, CG Discover, and Dealership Mode) benefit from the company's scale, leading to high incremental margins. Lastly, the firm like
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CARG
News
- Should you keep fixing up your car or send it to the junkyard? Here's the tipping point [Yahoo! Finance]Yahoo! Finance
- CarGurus data breach affects 12.5 million accounts [TechCrunch]TechCrunch
- CarGurus (NASDAQ:CARG) was given a new $38.00 price target on by analysts at UBS Group AG.MarketBeat
- CarGurus (NASDAQ:CARG) had its price target lowered by analysts at Oppenheimer Holdings, Inc. from $40.00 to $38.00. They now have an "outperform" rating on the stock.MarketBeat
- CarGurus (CARG) Reports 14% Annual Revenue Growth to $907M Following Record Dealer Network Expansion [Yahoo! Finance]Yahoo! Finance
CARG
Earnings
- 2/19/26 - Beat
CARG
Sec Filings
- 3/4/26 - Form 4
- 3/4/26 - Form 4
- 3/4/26 - Form 4
- CARG's page on the SEC website