CarGurus Achieving Nirvana With Post-IPO Move Higher [Seeking Alpha]
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: Seeking Alpha
CarGurus Achieving Nirvana With Post-IPO Move HigherSummaryNew IPOs occasionally offer great value. CarGurus is a low-float IPO with Goldman Sachs as the co-lead that is being discovered and traded higher towards fair valuation.Profitability, 70% revenue growth in 1H17, and 95% gross margins are likely key factors contributing to the post-IPO move higher of Carguru's shares.CarGurus boasts expanding operating margins and adjusted EBITDA margins. The company is increasing both its customer base of new auto dealerships and also the average annual revenue per existing dealership.Steady and stable growth from recurring revenues is a part of the successful subscription business model being employed for this growth stock.Trader's Idea Flow believes CarGurus represents a compelling buying opportunity. Based upon Intrinsic Value Analysis, price targets may emerge in the $50 range upon the expiration of the quiet period.
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CARG
News
- 1 Unstoppable Stock That's Skyrocketed Nearly 1,400% Since the Start of 2023: Don't Buy and Hold Until You Know These 3 Risks [Yahoo! Finance]Yahoo! Finance
- CarGurus To Report First Quarter 2024 Financial ResultsGlobeNewswire
- CarGurus, Inc. (NASDAQ: CARG) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- The five-year shareholder returns and company earnings persist lower as CarGurus (NASDAQ:CARG) stock falls a further 4.2% in past week [Yahoo! Finance]Yahoo! Finance
- CarGurus: Repositioned For Growth [Seeking Alpha]Seeking Alpha
CARG
Earnings
- 2/26/24 - Beat
CARG
Sec Filings
- 4/17/24 - Form 4
- 4/16/24 - Form 144
- 4/12/24 - Form PRE
- CARG's page on the SEC website