CARGURUS suffers a double requalification, which weighs heavily on its rating, now at Slightly Negative.
The independent financial analyst theScreener just downgraded the general evaluation of CARGURUS (US), active in the Internet industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Slightly Negative. As of the analysis date December 14, 2021, the closing price was USD 33.32 and its target price was estimated at USD 27.85.CarGurus is an online automotive marketplace connecting buyers and sellers of new and used cars. The company's selection of car listings provides a number of car listings available on the main United States online automotive marketplaces. In addition to the United States, the company operates online marketplaces under the CarGurus brand in Canada, the United Kingdom, Germany, Italy and Spain. Through its marketplace, the company provides consumers with information that helps them find the relevant car for their needs. A user accesses the company's marketplace through its websites or, in the United States and certain international markets, by using the company's mobile applications.
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