Jefferies raised the firm’s price target on CarGurus (CARG) to $38 from $35 and keeps a Buy rating on the shares. Among the U.S. Internet group, the firm prefers names either skewed to high-income consumers – like DoorDash (DASH) and Uber (UBER) – or with exposure to end-markets nearing inflection – such as ACV Auctions (ACVA), CarGurus and Zillow (Z) – the analyst tells investors in a preview. Among the group, Zillow remains the firm’s top overall pick, while Uber is its top large cap pick, the analyst noted.
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