The Latest Breaking News from CARG

With the increased internet penetration, the sector is in an ever-evolving mode with robust prospects. In this light, fundamentally sound internet stocks, eBay Inc. (EBAY), CarGurus, Inc. (CARG), and Data Storage Corporation (DTST), could be excellent buys this month. Continue reading….

Amidst increasing internet penetration and increasing digitization, leading players such as Pinterest (PINS) and CarGurus (CARG) look well-positioned to benefit. To determine which stock might be the better investment, let’s explore the fundamentals.

Over the past 3 months, 6 analysts have published their opinion on CarGurus (NASDAQ:CARG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

According to Benzinga Pro data CarGurus (NASDAQ:CARG) posted a 44.85% decrease in earnings from Q4. Sales, however, increased by 26.89% over the previous quarter to $430.61 million.

Needham analyst Chris Pierce reiterated a Buy rating and $40 (53.4% upside) target post-CarGurus, Inc's (NASDAQ:CARG) Investor Day and added it to the Needham Conviction List (replacing ACV Auctions Inc (NASDAQ: ACVA)).  Pierce cited increased confidence in the growth of the dealer-facing subscription business and multiple tailwinds supporting share gains in wholesale.  He saw better monetization of…

Within the last quarter, CarGurus (NASDAQ:CARG) has observed the following analyst ratings:

Over the past 3 months, 7 analysts have published their opinion on CarGurus (NASDAQ:CARG) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

U.S. stocks remained higher toward the end of trading on Friday after recording gains in the previous session. Russian forces have advanced to the outskirts of Kyiv, the capital of Ukraine. Saboteurs are already in the city, according to Ukrainian President Volodymyr Zelensky.

CarGurus (NASDAQ:CARG) reported its Q4 earnings results on Thursday, February 24, 2022 at 04:00 PM. Here's what investors need to know about the announcement. Earnings CarGurus beat estimated earnings by 43.33%, reporting an EPS of $0.43 versus an estimate of $0.3.