Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

CarGurus Might Drive 55

Summary

Traders Idea Flow believes that CarGurus has a highly successful and disruptive business model.

A leading IPO research subscription service has issued a current intrinsic value analysis for this stock that values it in the $50 range.

This analysis by IPO Candy represents a current fair valuation for this recent IPO, not a 12-month price target. Big difference.

Upcoming price targets for CarGurus upon the expiration of the quiet period in 3 weeks may also reflect valuations in the $50 range or above.

Fans of Van Hagar, the Van Halen-Sammy Hagar hybrid, might know that Sammy sang, "I Can't Drive 55!" But CarGurus just might drive us home to $55 per share if the Intrinsic Value Analysis by IPO Candy is accurate.

Trader's Idea Flow's experience with IPO Candy is that they are a quality research service that is both accurate and actually conservative in their estimates. IPO Candy's "Quick IV" analysis is found below along with some context received via their emails. With CARG down 11% today this largely undiscovered, recent IPO gem might be worth a look:

Disclosure: I am/we are long CARG.