SunTrust Robinson Remains a Buy on CarGurus (CARG)

SunTrust Robinson analyst Naved Khan maintained a Buy rating on CarGurus (CARGResearch Report) yesterday and set a price target of $54.00. The company’s shares closed last Monday at $37.73.

According to, Khan is a 5-star analyst with an average return of 16.7% and a 69.7% success rate. Khan covers the Technology sector, focusing on stocks such as Endurance International, TrueCar, and GoDaddy.

Currently, the analyst consensus on CarGurus is a Strong Buy with an average price target of $52.33.

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CarGurus’ market cap is currently $4.22B and has a P/E ratio of 103.28. The company has a Price to Book ratio of 17.79.

Based on the recent corporate insider activity of 257 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CARG in relation to earlier this year.

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Cargurus, Inc. engages in the provision of online auto shopping. It offers proprietary technology, search algorithms, and innovative data analytics to analyze new and used car listings. The firm operates through the following segments: United States and International.