- May 1, 2006
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- Alex
Best stocks in the automotive industry
- Thread starter Jeff Kershner
- Start date
Speaking of Auto stocks... Carvana is pumping post earnings call. sheeeeesh
- May 1, 2005
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- Jeff
- Jan 3, 2019
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I've been dipping in this one lately, I'm more of an ETF/Index fund guy than stocks.
Check this one out : CARZ
Check this one out : CARZ
- May 1, 2005
- 4,501
- 1,788
- Awards
- 12
- First Name
- Jeff
CarGurus Inc. (CARG) -
52-WEEK RANGE : $19.24 - $36.54
Investment firm Needham is making some ambitious projections and have upgraded CARG to Buy post 2Q earnings that checked the boxes from their preview.
$38 price target represents an EV/EBITDA multiple of 21x our '22 estimate.
"We turn positive as we think CARG's base business is not getting the credit it deserves and is likely close to a bottom given its subscription model. We believe CarOffer has ample growth runway given its current installed base vs CARG's US paying dealer count. CARG integrating themselves beyond the sales floor of a dealership is happening at an opportune time, just ahead of their digital retail launch.
Using consensus metrics CARG's EV/EBITDA multiple is at the low end of its historical range, while its business transforms and increases momentum, which we view as a disconnect that is unlikely to last, as such we upgrade to Buy."
I've been tinkering in the market for a few years myself, and it's always a wild ride. Your journey with car stocks sounds pretty sweet – grabbing shares at $7.00 and seeing it soar to over $14.00 is the kind of growth we all dream of.
I haven't ventured into autos yet, but your success stories are inspiring. The market is a beast, and you seem to have a knack for taming it in the automotive world.
Personally, I'm more into crypto right now. Recently, I've discovered crypto mixers tools, which can be handy when you seek an extra layer of security. Haven't seen anything like that for stocks.
I haven't ventured into autos yet, but your success stories are inspiring. The market is a beast, and you seem to have a knack for taming it in the automotive world.
Personally, I'm more into crypto right now. Recently, I've discovered crypto mixers tools, which can be handy when you seek an extra layer of security. Haven't seen anything like that for stocks.
