RBC Capital Starts CarGurus Inc. (CARG) at Sector Perform

RBC Capital initiates coverage on CarGurus Inc. (NASDAQ: CARG) with a Sector Perform rating and a price target of $33.00.

Analyst Mark Mahaney believes the risk/reward balance for the leading Online Automotive Marketplace is fair and sees the share price as fully valued. The analyst likes the large market opportunity for the business and the leadership position combined with new potential for growth catalysts. Mahaney buffers his positive noting the highly competitive landscape, potential for risk to the platform from Google and Amazon along with unproven international success and potential regulatory risks.

For an analyst ratings summary and ratings history on CarGurus Inc. click here. For more ratings news on CarGurus Inc. click here.

Shares of CarGurus Inc. closed at $31.44 Friday.

You May Also Be Interested In

• Freedom Broker Starts M/I Homes (MHO) at Buy
• RBC Capital on argenx SE (ARGX): 'We Are Buyers On Myositis Stock Weakness'
• Cantor Fitzgerald Starts Silence Therapeutics (SLN) at Overweight