CarGurus (CARG) Stock Forecast, Price Target & Predictions
CARG Stock Forecast
CarGurus stock forecast is as follows: an average price target of $26.94 (represents a -1.07% downside from CARG’s last price of $27.23) and a rating consensus of 'Buy', based on 7 wall street analysts offering a 1-year stock forecast.
CARG Price Target
The average price target for CarGurus (CARG) is $26.94 based on 1-year price targets from 7 Wall Street analysts in the past 3 months, with a price target range of $38.00 to $14.00. This represents a potential -1.07% downside from CARG's last price of $27.23.
CARG Analyst Ratings
According to 7 Wall Street analysts, CarGurus's rating consensus is 'Buy'. The analyst rating breakdown for CARG stock is 0 'Strong Buy' (0.00%), 6 'Buy' (85.71%), 1 'Hold' (14.29%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
CarGurus Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 09, 2024 | Jed Kelly | Oppenheimer | $32.00 | $25.85 | 23.79% | 17.52% |
| Aug 09, 2024 | Chris Pierce | Needham | $27.00 | $22.40 | 20.54% | -0.84% |
| Aug 09, 2024 | Tom White | D.A. Davidson | $26.50 | $22.40 | 18.30% | -2.68% |
| Aug 09, 2024 | Brad Erickson | RBC Capital | $30.00 | $22.40 | 33.93% | 10.17% |
| Jun 06, 2024 | Nicholas Jones | JMP Securities | $30.00 | $25.17 | 19.19% | 10.17% |
| May 10, 2024 | Brad Erickson | RBC Capital | $27.00 | $23.75 | 13.68% | -0.84% |
| May 10, 2024 | Chris Pierce | Needham | $25.00 | $24.11 | 3.71% | -8.19% |
| May 12, 2023 | Jed Kelly | Oppenheimer | $24.00 | $19.10 | 25.65% | -11.86% |
| Jan 05, 2023 | Chris Pierce | Needham | $16.00 | $14.31 | 11.81% | -41.24% |
| Dec 13, 2022 | - | Citigroup | $14.00 | $13.69 | 2.26% | -48.59% |
The latest CarGurus stock forecast, released on Aug 09, 2024 by Jed Kelly from Oppenheimer, set a price target of $32.00, which represents a 23.79% increase from the stock price at the time of the forecast ($25.85), and a 17.52% increase from CARG last price ($27.23).
CarGurus Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 4 | 4 | 7 |
| Avg Price Target | $28.88 | $28.88 | $28.21 |
| Last Closing Price | $27.23 | $27.23 | $27.23 |
| Upside/Downside | 6.06% | 6.06% | 3.60% |
In the current month, the average price target of CarGurus stock is $28.88, according to 4 Wall Street analysts offering twelve months forecast. The average price target represents a 6.06% increase as opposed to CarGurus's last price of $27.23. This month's average price target is down 0.00% compared to last quarter, and up 2.38% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 12, 2024 | Oppenheimer | Underperform | Underperform | Hold |
| Aug 12, 2024 | RBC Capital | Buy | Buy | Hold |
| Aug 12, 2024 | JMP Securities | Outperform | Outperform | Hold |
| Aug 09, 2024 | B. Riley | Buy | Buy | Hold |
| Aug 09, 2024 | Oppenheimer | Outperform | Outperform | Hold |
| Aug 09, 2024 | Needham | Buy | Buy | Hold |
| Aug 09, 2024 | BTIG | Buy | Buy | Hold |
| Aug 09, 2024 | RBC Capital | Outperform | Outperform | Hold |
| Jul 03, 2024 | Citigroup | Neutral | Neutral | Hold |
| Jun 06, 2024 | JMP Securities | - | Outperform | Upgrade |
CarGurus's last stock rating was published by Oppenheimer on Aug 12, 2024. The company gave CARG a "Underperform" rating, the same as its previous rate.
CarGurus Financial Forecast
CarGurus Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $223.12M | $219.42M | $239.74M | $231.96M | $286.74M | $426.45M | - | $430.61M | $339.34M | $222.91M | $217.75M | $171.37M | $151.55M | $147.47M | $94.74M | $157.69M | $158.15M | $150.46M |
| Avg Forecast | $263.13M | $260.61M | $255.87M | $247.10M | $248.00M | $244.87M | $238.02M | $232.78M | $226.13M | $223.33M | $215.77M | $216.79M | $220.05M | $215.95M | $230.39M | $207.60M | $281.44M | $461.91M | $507.35M | $402.99M | $279.93M | $217.84M | $190.28M | $158.83M | $148.84M | $135.73M | $86.54M | $153.28M | $154.62M | $148.06M |
| High Forecast | $268.48M | $265.91M | $261.07M | $252.13M | $253.04M | $249.85M | $242.86M | $237.51M | $230.73M | $226.86M | $220.16M | $221.20M | $222.94M | $220.34M | $235.07M | $211.82M | $287.16M | $471.30M | $507.35M | $425.75M | $295.74M | $230.14M | $201.02M | $167.80M | $157.25M | $143.39M | $91.43M | $161.93M | $163.36M | $156.42M |
| Low Forecast | $260.38M | $257.88M | $253.19M | $244.51M | $245.40M | $242.31M | $235.52M | $230.34M | $223.76M | $221.09M | $213.51M | $214.52M | $215.61M | $213.69M | $227.98M | $205.42M | $278.49M | $457.07M | $507.35M | $389.04M | $270.24M | $210.30M | $183.69M | $153.33M | $143.69M | $131.03M | $83.55M | $147.97M | $149.27M | $142.93M |
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 5 | 6 | 12 | 11 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.02% | 1.04% | 1.12% | 1.02% | 0.92% | - | 1.07% | 1.21% | 1.02% | 1.14% | 1.08% | 1.02% | 1.09% | 1.09% | 1.03% | 1.02% | 1.02% |
CarGurus's average Quarter revenue forecast for Mar 24 based on 4 analysts is $216.79M, with a low forecast of $214.52M, and a high forecast of $221.20M. CARG's average Quarter revenue forecast represents a -2.84% decrease compared to the company's last Quarter revenue of $223.12M (Dec 23).
CarGurus EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 5 | 6 | 12 | 11 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $-24.54M | $34.63M | $28.92M | $25.64M | $41.35M | $39.84M | - | $37.84M | $51.05M | $50.81M | $49.36M | $34.68M | $35.97M | $46.20M | $12.54M | $15.74M | $16.67M | $12.83M |
| Avg Forecast | $34.18M | $33.85M | $33.23M | $32.09M | $32.21M | $31.81M | $30.92M | $30.23M | $29.37M | $29.01M | $28.03M | $45.60M | $28.58M | $28.05M | $29.92M | $41.46M | $36.56M | $37.21M | $65.90M | $37.69M | $31.82M | $29.41M | $43.57M | $19.07M | $30.83M | $33.74M | $11.24M | $11.24M | $13.10M | $6.27M |
| High Forecast | $34.87M | $34.54M | $33.91M | $32.75M | $32.87M | $32.45M | $31.54M | $30.85M | $29.97M | $29.47M | $28.60M | $54.72M | $28.96M | $28.62M | $30.53M | $49.75M | $37.30M | $44.65M | $65.90M | $45.23M | $38.19M | $35.30M | $52.28M | $22.89M | $37.00M | $40.48M | $11.88M | $13.49M | $15.72M | $7.53M |
| Low Forecast | $33.82M | $33.49M | $32.89M | $31.76M | $31.87M | $31.47M | $30.59M | $29.92M | $29.06M | $28.72M | $27.73M | $36.48M | $28.00M | $27.76M | $29.61M | $33.17M | $36.17M | $29.77M | $65.90M | $30.15M | $25.46M | $23.53M | $34.85M | $15.26M | $24.67M | $26.99M | $10.85M | $8.99M | $10.48M | $5.02M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.86% | 1.23% | 0.97% | 0.62% | 1.13% | 1.07% | - | 1.00% | 1.60% | 1.73% | 1.13% | 1.82% | 1.17% | 1.37% | 1.12% | 1.40% | 1.27% | 2.05% |
9 analysts predict CARG's average Quarter EBITDA for Dec 23 to be $28.58M, with a high of $28.96M and a low of $28.00M. This is -17.46% lower than CarGurus's previous annual EBITDA (Sep 23) of $34.63M.
CarGurus Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 5 | 6 | 12 | 11 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $-19.48M | $22.30M | $16.41M | $11.87M | $24.79M | $18.82M | - | $19.91M | $34.16M | $29.20M | $28.05M | $19.55M | $25.16M | $32.56M | $7.13M | $12.70M | $13.17M | $10.38M |
| Avg Forecast | $59.74M | $54.75M | $54.37M | $49.12M | $54.69M | $51.12M | $47.79M | $43.85M | $48.40M | $44.30M | $34.96M | $23.40M | $34.81M | $27.35M | $24.38M | $21.28M | $13.79M | $21.38M | $33.58M | $19.34M | $18.47M | $16.90M | $24.76M | $10.75M | $21.57M | $23.78M | $996.79K | $9.07M | $10.35M | $5.08M |
| High Forecast | $61.32M | $56.19M | $55.80M | $50.42M | $56.13M | $52.47M | $49.05M | $45.00M | $49.68M | $52.54M | $35.88M | $28.08M | $36.80M | $28.07M | $25.03M | $25.53M | $14.16M | $25.66M | $33.58M | $23.21M | $22.16M | $20.29M | $29.71M | $12.90M | $25.88M | $28.53M | $1.07M | $10.88M | $12.42M | $6.09M |
| Low Forecast | $58.93M | $54.00M | $53.63M | $48.45M | $53.94M | $50.43M | $47.14M | $43.25M | $47.74M | $40.18M | $34.48M | $18.72M | $32.82M | $26.97M | $24.05M | $17.02M | $13.60M | $17.11M | $33.58M | $15.47M | $14.78M | $13.52M | $19.81M | $8.60M | $17.25M | $19.02M | $951.93K | $7.25M | $8.28M | $4.06M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.56% | 0.82% | 0.67% | 0.56% | 1.80% | 0.88% | - | 1.03% | 1.85% | 1.73% | 1.13% | 1.82% | 1.17% | 1.37% | 7.15% | 1.40% | 1.27% | 2.05% |
CarGurus's average Quarter net income forecast for Dec 23 is $34.81M, with a range of $32.82M to $36.80M. CARG's average Quarter net income forecast represents a 56.07% increase compared to the company's last Quarter net income of $22.30M (Sep 23).
CarGurus SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 5 | 6 | 12 | 11 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $149.49M | $101.73M | $105.11M | $100.50M | $71.92M | $88.08M | - | $120.70M | $120.22M | $87.04M | $92.30M | $88.69M | $85.05M | $71.90M | $52.74M | $109.45M | $114.42M | $112.45M |
| Avg Forecast | $130.96M | $129.71M | $127.35M | $122.98M | $123.43M | $121.87M | $118.46M | $115.85M | $112.55M | $111.16M | $107.39M | $141.88M | $109.52M | $107.48M | $114.67M | $128.98M | $140.07M | $63.75M | $252.51M | $117.25M | $74.94M | $50.39M | $81.47M | $48.78M | $72.90M | $52.50M | $43.07M | $78.18M | $89.90M | $54.98M |
| High Forecast | $133.62M | $132.34M | $129.93M | $125.48M | $125.94M | $124.35M | $120.87M | $118.21M | $114.83M | $112.91M | $109.57M | $170.25M | $110.96M | $109.67M | $117.00M | $154.77M | $142.92M | $76.49M | $252.51M | $140.70M | $89.93M | $60.47M | $97.76M | $58.53M | $87.48M | $63.00M | $45.51M | $93.82M | $107.88M | $65.97M |
| Low Forecast | $129.59M | $128.35M | $126.01M | $121.70M | $122.14M | $120.60M | $117.22M | $114.64M | $111.37M | $110.04M | $106.27M | $113.50M | $107.31M | $106.35M | $113.46M | $103.18M | $138.61M | $51.00M | $252.51M | $93.80M | $59.95M | $40.31M | $65.18M | $39.02M | $58.32M | $42.00M | $41.58M | $62.55M | $71.92M | $43.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.36% | 0.95% | 0.92% | 0.78% | 0.51% | 1.38% | - | 1.03% | 1.60% | 1.73% | 1.13% | 1.82% | 1.17% | 1.37% | 1.22% | 1.40% | 1.27% | 2.05% |
CarGurus's average Quarter SG&A projection for Mar 24 is $141.88M, based on 4 Wall Street analysts, with a range of $113.50M to $170.25M. The forecast indicates a -5.10% fall compared to CARG last annual SG&A of $149.49M (Dec 23).
CarGurus EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 9 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 10 | 9 | 4 | 9 | 4 | 6 | 4 | 3 | 7 | 5 | 5 | 6 | 12 | 11 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | $-0.17 | $0.20 | $0.14 | $0.10 | $1.34 | $0.16 | - | $-0.53 | $0.29 | $0.25 | $0.24 | $0.19 | $0.22 | $0.29 | $0.06 | $0.11 | $0.12 | $0.09 |
| Avg Forecast | $0.58 | $0.53 | $0.52 | $0.47 | $0.53 | $0.49 | $0.46 | $0.42 | $0.47 | $0.43 | $0.34 | $0.29 | $0.34 | $0.26 | $0.23 | $0.16 | $0.13 | $0.25 | $0.31 | $0.35 | $0.30 | $0.33 | $0.25 | $0.23 | $0.27 | $0.22 | $0.01 | $0.07 | $0.13 | $0.09 |
| High Forecast | $0.59 | $0.54 | $0.54 | $0.49 | $0.54 | $0.51 | $0.47 | $0.43 | $0.48 | $0.51 | $0.35 | $0.29 | $0.35 | $0.27 | $0.24 | $0.17 | $0.14 | $0.26 | $0.31 | $0.38 | $0.32 | $0.36 | $0.27 | $0.24 | $0.29 | $0.23 | $0.01 | $0.08 | $0.14 | $0.10 |
| Low Forecast | $0.57 | $0.52 | $0.52 | $0.47 | $0.52 | $0.49 | $0.45 | $0.42 | $0.46 | $0.39 | $0.33 | $0.28 | $0.32 | $0.26 | $0.23 | $0.16 | $0.13 | $0.25 | $0.31 | $0.34 | $0.29 | $0.32 | $0.24 | $0.22 | $0.26 | $0.21 | $0.01 | $0.07 | $0.13 | $0.09 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | -0.51% | 0.76% | 0.60% | 0.61% | 10.09% | 0.63% | - | -1.50% | 0.96% | 0.75% | 0.97% | 0.84% | 0.80% | 1.34% | 6.68% | 1.49% | 0.89% | 0.97% |
According to 9 Wall Street analysts, CarGurus's projected average Quarter EPS for Dec 23 is $0.34, with a low estimate of $0.32 and a high estimate of $0.35. This represents a 67.62% increase compared to CARG previous annual EPS of $0.20 (Sep 23).
CarGurus Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DRVN | Driven Brands | $13.88 | $20.17 | 45.32% | Hold |
| CARS | Cars | $17.34 | $24.00 | 38.41% | Buy |
| LAD | Lithia Motors | $275.94 | $313.20 | 13.50% | Buy |
| CARG | CarGurus | $27.23 | $26.94 | -1.07% | Buy |
| RUSHA | Rush Enterprises | $48.36 | $46.56 | -3.72% | Buy |
| ABG | Asbury Automotive Group | $221.89 | $196.67 | -11.37% | Buy |
| GPI | Group 1 Automotive | $358.78 | $305.00 | -14.99% | Buy |
| AN | AutoNation | $161.53 | $132.75 | -17.82% | Buy |
| PAG | Penske Automotive Group | $157.28 | $109.00 | -30.70% | Sell |
CARG Forecast FAQ
Is CarGurus a good buy?
Yes, according to 7 Wall Street analysts, CarGurus (CARG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 6 'Buy' recommendations, accounting for 85.71% of CARG's total ratings.
What is CARG's price target?
CarGurus (CARG) average price target is $26.94 with a range of $14 to $38, implying a -1.07% from its last price of $27.23. The data is based on 7 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will CarGurus stock go up soon?
According to Wall Street analysts' prediction for CARG stock, the company can go down by -1.07% (from the last price of $27.23 to the average price target of $26.94), up by 39.55% based on the highest stock price target, and down by -48.59% based on the lowest stock price target.
Can CarGurus stock reach $40?
CARG's average twelve months analyst stock price target of $26.94 does not support the claim that CarGurus can reach $40 in the near future.
What is CarGurus's current price target trend?
4 Wall Street analysts forecast a $28.88 price target for CarGurus (CARG) this month, up 6.06% from its last price of $27.23. Compared to the last 3 and 12 months, the average price target increased by 6.06% and increased by 3.60%, respectively.
What are CarGurus's analysts' financial forecasts?
CarGurus's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $963.67M (high $983.26M, low $953.57M), average EBITDA is $125.17M (high $127.71M, low $123.85M), average net income is $197.44M (high $202.66M, low $194.75M), average SG&A $479.62M (high $489.37M, low $474.6M), and average EPS is $1.9 (high $1.95, low $1.88). CARG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.03B (high $1.05B, low $1.02B), average EBITDA is $133.35M (high $136.07M, low $131.96M), average net income is $217.97M (high $223.73M, low $215M), average SG&A $511M (high $521.39M, low $505.65M), and average EPS is $2.1 (high $2.15, low $2.07).
Did the CARG's actual financial results beat the analysts' financial forecasts?
Based on CarGurus's last annual report (Dec 2023), the company's revenue was $914.24M, beating the average analysts forecast of $873.99M by 4.61%. Apple's EBITDA was $76.57M, missing the average prediction of $128.01M by -40.19%. The company's net income was $31.1M, missing the average estimation of $107.81M by -71.15%. Apple's SG&A was $456.83M, missing the average forecast of $460.65M by -0.83%. Lastly, the company's EPS was $0.27, missing the average prediction of $0.997 by -72.91%. In terms of the last quarterly report (Dec 2023), CarGurus's revenue was $223.12M, beating the average analysts' forecast of $220.05M by 1.39%. The company's EBITDA was $-24.542M, missing the average prediction of $28.58M by -185.87%. CarGurus's net income was $-19.477M, missing the average estimation of $34.81M by -155.96%. The company's SG&A was $149.49M, beating the average forecast of $109.52M by 36.50%. Lastly, the company's EPS was $-0.17, missing the average prediction of $0.335 by -150.71%