Professional
Added to YB: 2024-04-03
Pitch date: 2023-12-31
CARG [bullish]
CarGurus, Inc.
+61.49%
current return
Author Info
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Company Info
CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally.
Market Cap
$3.3B
Pitch Price
$23.84
Price Target
N/A
Dividend
N/A
EV/EBITDA
13.08
P/E
23.68
EV/Sales
3.58
Sector
Interactive Media and Services
Category
growth
Show full summary:
Meridian Small Cap Growth Fund Porfolio Holding: CarGurus, Inc.
CARG: Online auto marketplace leader w/ 50% stake in online auction wholesaler. Q1 growth accelerated to 8% as dealer inventories rose & ads needed. Low-cost leads & post-COVID price hikes drove results. Buying rest of CarOffer wholesale biz at attractive 2023 valuation. Long-term outlook strong.
Read full article (1 min)