Why CarGurus (CARG) Might be Well Poised for a Surge

Core Viewpoint - CarGurus (CARG) is positioned as a strong investment opportunity due to its improving earnings outlook and positive analyst sentiment, which is reflected in rising earnings estimates [1][2]. Estimate Revisions - The trend in estimate revisions indicates growing analyst optimism regarding CarGurus' earnings prospects, which is expected to positively influence its stock price [2]. - For the current quarter, CarGurus is projected to earn $0.43 per share, marking a year-over-year increase of +26.47$1.62 per share, representing a +31.71% change from the previous year. The consensus estimate has increased by 19.46%, with six estimates moving higher and no negative revisions [5]. Zacks Rank - CarGurus has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with significant outperformance compared to the S&P 500 [6]. - Stocks with a Zacks Rank 1 and 2 are shown to significantly outperform the S&P 500, indicating strong potential for CarGurus [6]. Stock Performance - The stock has appreciated by 12.7% over the past four weeks, driven by strong estimate revisions and increased investor interest, suggesting further upside potential [7].