CarGurus and ATI have been highlighted as Zacks Bull and Bear of the Day

For Immediate ReleaseChicago, IL – December 27, 2024 – Zacks Equity Research shares CarGurus CARG as the Bull of the Day and ATI Inc ATI as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Marvell Technology MRVL, Vistra VST and Coinbase Global COIN.Here is a synopsis of all five stocks:Bull of the Day:Providing an online marketplace that connects buyers and sellers of new and used cars, CarGurus increased profitability may be catching investors’ attention.Furthermore, CarGurus belongs to the Zacks Automotive-Replacement Parts Industry which is currently in the top 9% of almost 250 Zacks industries.Benefiting from its strong business industry, earnings estimate revisions are nicely up for CarGurus landing its stock a Zacks Rank #1 (Strong Buy) and the Bull of the Day.Strong Financial PerformanceCarGurus stock has soared over +50% in 2024 with the company now reaching or exceeding the Zacks EPS Consensus for nine consecutive quarters. Notably, CarGurus has attributed its customer-centric focus as the major catalyst to its improved financial performance.   Operational EfficiencySeeing a sharp increase in its core marketplace revenue, CarGurus has leveraged its cost base to drive operating efficiencies. Annual earnings are now expected to increase 34% in fiscal 2024 to $1.66 per share versus EPS of $1.23 last year. Plus, FY25 EPS is projected to expand another 15%. More intriguing is that FY24 and FY25 EPS estimates are nicely up over the last 60 days.  Share Repurchase ProgramFurther boosting investor sentiment, CarGurus’ board of directors have authorized a $200 million share repurchase plan for FY25. This should further support the stock price of CARG with the Average Zacks Price Target of $39.29 a share still suggesting 7% upside from current levels.Bottom LineIt’s hard to overlook CarGurus stock going into 2025 with CARG having an “A” Zacks Style Scores grade for Growth in addition to its strong buy rating.Bear of the Day:The Zacks Steel-Specialty Industry is currently in the bottom 20% of almost 250 Zacks industries and ATI Inc appears to be a stock to avoid among the space.As a diversified specialty metals producer, it may be time to take any profits in ATI stock which is up +20% for the year. To that point, earnings estimate revisions are noticeably lower for ATI after the company reported subpar Q3 results in late October.Aerospace UncertaintyAlthough ATI remains confident in long-term demand for its services, the company is dealing with uncertainty across its aerospace customer base due to what it has called an industry-wide slowing of the aircraft production ramp.This has been caused by a work stoppage in the supply chain with ATI’s Q3 sales of $1.05 billion and EPS of $0.60 missing the Zacks Consensus by -7% and -9% respectively.  Declining EPS RevisionsFollowing its subpar Q3 results fiscal 2024 EPS estimates have dropped 8% in the last 60 days. More concerning is that FY25 EPS estimates are down 11% over the last two months.Increased CompetitionFurther suggesting now may be the time to sell ATI stock is that the company is facing increased competition from Carpenter Technology.Notably, Carpenter Technology’s stock sports a Zacks Rank #1 (Strong Buy) based on a trend of positive earnings estimate revisions with Worthington Steel being another competitor that may be a more viable option in regard to specialty steel manufactures at the moment. Bottom LineInvestors are often looking for ample time to take profits in a stock and now appears to be such a scenario for ATI Inc shares. This is not to say ATI won’t be a viable investment in the future, but the trend of declining earnings estimate revisions does suggest more short-term weakness ahead. Additional content:3 Top Ranked Stocks to Buy for Innovation in 2025Today’s market offers investors the unique opportunity to participate in an era of extraordinary technological innovation. From the rapid expansion of AI to the evolution of digital currencies and the infrastructure powering these industries, there is no shortage of exciting opportunities to capitalize on these transformative trends.While technology investing often comes with significant volatility, for those seeking rapid capital growth, these sectors provide some of the most promising avenues.For investors who consider themselves “cracked” or “future-pilled”, here are three standout stocks that are well-positioned to thrive in these cutting-edge industries and currently boast top Zacks Ranks.Marvell Technology has emerged as a key player in the AI revolution with its custom AI silicon, Vistra is redefining the utility space for a more sustainable future, and Coinbase Global remains the leading cryptocurrency brokerage in the US.Marvell Technology: Shares Jump on AI DevelopmentsMarvell Technology has firmly established itself as a pivotal player in the AI sector, thanks to its rapidly expanding custom AI silicon solutions. These chips are specifically designed to support the demanding workloads of machine learning and artificial intelligence applications, and rather than competing with AI giant Nvidia, offer a compliment to its architecture.With AI adoption accelerating across industries, Marvell is positioned to see substantial growth for earnings projected to grow 33.7% annually over the next three to five years. Analysts have recognized this potential, reflected in its top Zacks Rank #1 (Strong Buy) rating, and the company's robust earnings growth projections make it an ideal pick for tech-forward investors.After its most recent quarterly earnings report, where Marvell Technology shared the impressive growth of its custom AI products and five-year partnership with Amazon, shares gapped significantly higher. Since then, the stock price has been consolidating into a broad bullish flag, showing continued buying from investors. Those interested in Marvell can buy shares now, within the consolidation, or wait for a breakout to ride the momentum.Coinbase Global: Top Stock for Crypto ExposureAs the largest cryptocurrency brokerage in the US, Coinbase Global remains the go-to platform for both individual and institutional investors navigating the digital asset space. The company has expanded its offerings beyond simple crypto trading, incorporating staking, blockchain development tools, and an NFT marketplace, making it a comprehensive ecosystem for the digital economy. With cryptocurrencies gaining mainstream acceptance and innovation continuing in decentralized finance, Coinbase is well-positioned for long-term growth.Coinbase currently has a Zacks Rank #1 (Strong Buy) rating, reflecting bullish expectations from analysts. Growing earnings expectations and the increasing institutionalization of Bitcoin, makes Coinbase a logical portfolio addition for investors looking to gain exposure to the industry.Coinbase Global also has a unique ability to absolutely crush earnings expectations at its quarterly earnings reports. In three of the last four earnings reports, the company has beat estimates by 51.2%, 58.6% and 1255%. Not surprisingly, the Zacks Earnings ESP is expecting more earnings beats in the coming quarters.Vistra: Nuclear Energy Stock to Power the FutureVistra stands as a powerhouse in the US utility sector, uniquely positioned to capitalize on the growing demand for electricity driven by AI data centers and other energy-intensive innovations. As the second largest owner of independent nuclear power plants in the country, Vistra plays a critical role in ensuring a reliable and sustainable energy supply. The company serves approximately 4 million customers with electricity and natural gas, supported by a diverse portfolio that includes nuclear, solar, natural gas, and battery energy storage facilities. Additionally, Vistra is a major purchaser of wind power, further solidifying its commitment to renewable energy solutions.In 2024, Vistra's stock outshined even tech giants like Nvidia, becoming the top-performing stock in the S&P 500. This exceptional performance reflects the growing reliance on its services by AI-driven industries and the increasing need for sustainable and efficient energy solutions. With strong momentum, a Zacks Rank #1 (Strong Buy) rating, and a focus on innovation and sustainability, Vistra offers an appealing opportunity for investors seeking exposure to the future of energy.The price action in VST leads me to believe that there may be yet another big bull run coming in the stock. Just this week, the stock broke out of a descending bull wedge, which could push it to another new record high.Should Investors Buy Shares in VST, COIN, and MRVL?These three stocks represent compelling opportunities in key sectors shaping the future—energy, digital assets, and AI. Marvell Technology is primed for AI-driven growth with its cutting-edge silicon solutions. Coinbase offers unparalleled exposure to the expanding world of cryptocurrency and decentralized finance. Vistra provides a unique blend of stability and innovation as a leader in sustainable energy solutions.With top Zacks Ranks and strong growth potential, these companies stand out as excellent picks for investors focused on innovation and long-term capital growth.Why Haven't You Looked at Zacks' Top Stocks?Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.Today you can access their live picks without cost or obligation.See Stocks Free >>Media ContactZacks Investment Research800-767-3771 ext. 9339https://www.zacks.comZacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performancefor information about the performance numbers displayed in this press release.Zacks Naming Top 10 Stocks for 2025Want to be tipped off early to our 10 top picks for the entirety of 2025?History suggests their performance could be sensational.From 2012 (when our Director of Research Sheraz Mian assumed responsibility for the portfolio) through November, 2024, the Zacks Top 10 Stocks gained +2,112.6%, more than QUADRUPLING the S&P 500’s +475.6%. Now Sheraz is combing through 4,400 companies to handpick the best 10 tickers to buy and hold in 2025. Don’t miss your chance to get in on these stocks when they’re released on January 2.Be First to New Top 10 Stocks >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report ATI Inc. (ATI): Free Stock Analysis Report Marvell Technology, Inc. (MRVL): Free Stock Analysis Report Vistra Corp. (VST): Free Stock Analysis Report CarGurus, Inc. (CARG): Free Stock Analysis Report Coinbase Global, Inc. (COIN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks