Over the last week most of the analysts following CAR have upgraded their estimates for the company, with an average lift in consensus above 20%
- For fiscal 2012, 4 out of 7 analyst have increased their estimates, raising the consensus EPS to $2.11 from $1.59 a week ago
- For fiscal 2013, 3 out of 6 analysts have increased their estimates, raising the consensus EPS to $2.17 vs. $1.79 a week ago
While the stock has risen 20% last week I believe there could still some nice upside left in the stock in the coming weeks.
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.