The Latest Breaking News from CARG

With increasing online marketplaces and the adoption of innovative market strategies, the e-commerce industry seems to be on a stable growth path. Thus, investing in fundamentally stable e-commerce stocks like Chewy (CHWY), CarGurus (CARG), and Revolve Group (RVLV) could be a wise move for investors. Read on.

Amidst the social media trends, changing customer preferences, and convenience of online purchasing, the e-commerce market is thriving. Therefore, it might be a good time for investors to scoop up the shares of top e-commerce companies such as Amazon.com (AMZN), Walmart (WMT), and CarGurus (CARG), which are winning the holiday…

Online car markets have risen in popularity as consumers seek convenience. Therefore, it could be wise to consider buying fundamentally strong CarGurus (CARG), while Carvana (CVNA) might be best avoided considering its weak fundamentals. Continue reading.

Growing digitalization across several sectors worldwide and the advent of advanced technologies have primed the internet industry for significant growth in the foreseeable future. Given the industry tailwinds, it could be wise to invest in robust internet stocks Booking Holdings (BKNG), Expedia Group (EXPE), and CarGurus (CARG) before the month-end.…

Despite economic constraints, the technology sector is poised to grow amid digital transformation across industries and government initiatives. So, investors might consider buying fundamentally strong internet stocks, Expedia Group (EXPE), CarGurus (CARG), and Despegar.com (DESP). Read on.

Needham analyst Chris Pierce anticipated CarGurus, Inc (NASDAQ: CARG) leveraging its industry-leading traffic metrics over the long term to create a compelling end-to-end digital solution for independent brick and mortar car dealerships. 

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…