CarGurus Earns Buy Rating on Re-Accelerating Marketplace Growth, AI-Driven Engagement, and EPS Support from Share Repurchases
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William Blair analyst Ralph Schackart has maintained a Buy rating on CarGurus (CARG) due to re-accelerating marketplace growth, AI-driven engagement, and support from share repurchases. Key factors include stronger premium listing uptake, enhanced AI products, and growing dealer relationships, particularly in the U.K. and Canada. The CarGurus app is a leading traffic source, and the company's AI initiatives are boosting user engagement. An active share repurchase program is also supporting earnings per share. RBC Capital also maintains a Buy rating with a $34 price target.
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