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William Blair Reiterates Buy Rating on CarGurus (CARG) with $38.89 Price Target
ByAinvest
Tuesday, Jun 3, 2025 6:06 pm ET1min read
William Blair reaffirms their Buy rating on CarGurus (CARG), with a price target consensus of $38.89. The company has an analyst consensus of Strong Buy. CarGurus has a one-year high of $41.33 and a one-year low of $21.65, with an average volume of 1.2M. Analyst Ralph Schackart has a 15.2% average return and a 64.08% success rate on recommended stocks.
William Blair has reaffirmed its Buy rating on CarGurus (CARG), with a price target consensus of $38.89. This reaffirmation comes with a strong analyst consensus of Strong Buy, reflecting the company's robust performance and growth prospects [1]. CarGurus has shown significant volatility over the past year, with a one-year high of $41.33 and a one-year low of $21.65, averaging an impressive trading volume of 1.2 million shares per day [1].The reaffirmation of the Buy rating by William Blair is backed by the company's strong fundamentals and market position. CarGurus operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company's marketplace connects dealers to a large audience of informed and engaged consumers, driving its growth and profitability [2].
Analyst Ralph Schackart, who has a 15.2% average return and a 64.08% success rate on recommended stocks, has contributed to the positive outlook on CarGurus. His expertise and track record highlight the potential for strong returns in the stock [1].
The market capitalization of CarGurus stands at $3.09 billion, with a current stock price of $31.24 per share [2]. The company's strong financial health, including a profit margin of 4.3% and a debt-to-equity ratio of 0.71, indicates a stable financial position [2].
In conclusion, the reaffirmation of the Buy rating by William Blair, coupled with the company's strong fundamentals and analyst consensus, positions CarGurus as an attractive investment opportunity for investors seeking growth in the automotive sector.
References:
[1] https://www.wallstreetzen.com/stocks/us/nasdaq/carg
[2] https://www.wallstreetzen.com/stocks/us/nasdaq/carg
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