Huge momentum after earnings report

Cars recorded top- and bottom-line beats in its Tuesday earnings report. That, combined with confident annual guidance, inspired a pair of upgrades.
RBC Capital Markets analysts Mark Mahaney and Shweta Khajuria upgraded CarGurus to Outperform and raised their target from $37 to $55.
JMP Securities analyst Ronald Josey upgraded to Market Outperform and established a $55 price target.

But i think it can go to 60$ very soon because the huge bullish momentum