- JMP Securities analyst Nicholas Jones upgraded CarGurus last night (NASDAQ: CARG) was adjusted from Market Perform to Outperform, with a price target of $30.
- After analyzing popular automotive trends across the new, used and wholesale sectors, the company believes the industry will be close to normalization and wider standardization by 2026 By 2028.
- The analyst believes that comments from high-profile auto industry figures will become increasingly constructive in the coming quarters as headwinds fade, turning into tailwinds amid the potential for lower interest rates and longer vehicle operating lives.
- JMP upgraded CarGurus as it becomes increasingly confident the industry continues to normalize.
- Looking at Seeking Alpha’s quantitative ratings, CarGurus has a Hold rating of 3.39 out of 5.
- Turning to the Wall Street community, six analysts rate CARG with a Strong Buy rating, three rate it a Buy, and four rate it a Hold.
- Seeking Alpha analysts also recommend the stock as a “buy.”
- AVIC Group Co., Ltd. Rebounded 5.24% to $26.49.
