Bullish Case: CarGurus' historical performance shows revenue growth from core listings and new digital solutions, coupled with increased market share in the online auto marketplace. Upward revision in analyst expectations suggests potential upside.


Bearish Case: Recent insider sales, market volatility, and declining profitability trends compound with CarGurus' underperformance against competitors, hinting at possible internal and market stressors impacting future growth.


Potential Outcomes:

1) Accelerating digital and core growth (60%).

2) Increased operating costs dampen earnings (30%).

3) Market instability or stronger competitor innovations could lower share valuation (10%).


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April 23, 2024


CarGurus Forecast

CARG        CarGurus
Price Forecast: NEUTRAL    Price Action: MEAN REVERTING (?)











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