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CarGurus (CARG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CARG Stock Forecast

CarGurus (CARG) stock forecast, based on 22 Wall Street analysts, predicts a 12-month average price target of $37.50, with a high of $40.00 and a low of $35.00. This represents a 40.92% increase from the last price of $26.61.

$20 $24 $28 $32 $36 $40 High: $40 Avg: $37.5 Low: $35 Last Closed Price: $26.61

CARG Stock Rating

CarGurus stock's rating consensus is Buy, based on 22 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 16 Buy (72.73%), 5 Hold (22.73%), 1 Sell (4.55%), and 0 Strong Sell (0.00%).

Buy
Total 22 0 1 5 16 Strong Sell Sell Hold Buy Strong Buy

CARG Price Target Upside V Benchmarks

TypeNameUpside
StockCarGurus40.92%
SectorCommunication Services Stocks 21.15%
IndustryInternet Content & Information Stocks 30.61%

Price Target Trends

1M3M12M
# Anlaysts--9
Avg Price Target--$30.28
Last Closing Price$26.61$26.61$26.61
Upside/Downside--13.79%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Apr, 25355--13
Mar, 25454-114
Feb, 25463-114
Jan, 25463-114
Dec, 24463-114
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 11, 2024Naved KhanB.Riley Financial$40.00$31.7126.14%50.32%
Oct 22, 2024Marvin FongBTIG$35.00$31.6610.55%31.53%
Aug 09, 2024Jed KellyOppenheimer$32.00$25.8523.79%20.26%
Aug 09, 2024Chris PierceNeedham$27.00$22.4020.54%1.47%
Aug 09, 2024Tom WhiteD.A. Davidson$26.50$22.4018.30%-0.41%
Aug 09, 2024Brad EricksonRBC Capital$30.00$22.4033.93%12.74%
Jun 06, 2024Nicholas JonesJMP Securities$30.00$25.1719.19%12.74%
May 10, 2024Brad EricksonRBC Capital$27.00$23.7513.68%1.47%
May 10, 2024Chris PierceNeedham$25.00$24.113.69%-6.05%
May 12, 2023Jed KellyOppenheimer$24.00$19.1025.65%-9.81%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024RBC CapitalMarket OutperformMarket Outperformhold
Oct 22, 2024JefferiesBuyBuyhold
Oct 22, 2024BTIGBuyBuyhold
Sep 09, 2024RBC CapitalMarket OutperformMarket Outperformhold
Aug 12, 2024RBC CapitalBuyBuyhold
Aug 12, 2024JMP SecuritiesOutperformOutperformhold
Aug 09, 2024B. RileyBuyBuyhold
Aug 09, 2024OppenheimerOutperformOutperformhold
Aug 09, 2024NeedhamBuyBuyhold
Aug 09, 2024BTIGBuyBuyhold

Financial Forecast

EPS Forecast

$0 $1 $2 $3 $4 $5 $6 Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$0.69$0.93$0.71$0.19$0.20----
Avg Forecast$1.03$1.44$0.99$1.22$1.72$1.90$2.25$3.24$5.21
High Forecast$1.05$1.47$1.03$1.24$1.76$2.42$4.25$4.13$5.48
Low Forecast$0.99$1.39$0.93$1.21$1.67$1.68$1.16$2.35$4.82
Surprise %-33.01%-35.42%-28.28%-84.43%-88.37%----

Revenue Forecast

$500M $800M $1B $1B $2B $2B Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$551.45M$951.37M$1.66B$914.24M$894.38M----
Avg Forecast$548.74M$891.98M$1.65B$911.13M$898.17M$983.77M$1.07B$1.23B$1.29B
High Forecast$558.39M$907.67M$1.70B$913.91M$901.58M$1.01B$1.07B$1.28B$1.34B
Low Forecast$533.34M$866.95M$1.58B$906.63M$894.86M$931.17M$1.07B$1.16B$1.21B
Surprise %0.49%6.66%0.34%0.34%-0.42%----

Net Income Forecast

$0 $130M $260M $390M $520M $650M Dec 20 Dec 21 Dec 22 Dec 23 Dec 24 Dec 25 Dec 26 Dec 27 Dec 28
Dec 20Dec 21Dec 22Dec 23Dec 24Dec 25Dec 26Dec 27Dec 28
Reported$77.55M$109.24M$84.39M$31.10M$20.97M----
Avg Forecast$117.34M$70.89M$51.04M$31.10M$195.80M$234.50M$173.77M$289.73M$594.92M
High Forecast$120.02M$85.07M$65.25M$39.62M$201.06M$276.73M$485.07M$471.90M$625.30M
Low Forecast$113.06M$56.71M$36.83M$22.59M$190.54M$192.27M$132.95M$268.05M$550.85M
Surprise %-33.91%54.11%65.33%--89.29%----

CARG Forecast FAQ

Is CarGurus stock a buy?

CarGurus stock has a consensus rating of Buy, based on 22 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 16 Buy, 5 Hold, 1 Sell, and 0 Strong Sell, reflecting a consensus that CarGurus is a favorable investment for most analysts.

What is CarGurus's price target?

CarGurus's price target, set by 22 Wall Street analysts, averages $37.5 over the next 12 months. The price target range spans from $35 at the low end to $40 at the high end, suggesting a potential 40.92% change from the previous closing price of $26.61.

How does CarGurus stock forecast compare to its benchmarks?

CarGurus's stock forecast shows a 40.92% upside, outperforming the average forecast for the communication services stocks sector (21.15%) and outperforming the internet content & information stocks industry (30.61%).

What is the breakdown of analyst ratings for CarGurus over the past three months?

  • April 2025: 23.08% Strong Buy, 38.46% Buy, 38.46% Hold, 0% Sell, 0% Strong Sell.
  • March 2025: 28.57% Strong Buy, 35.71% Buy, 28.57% Hold, 0% Sell, 7.14% Strong Sell.
  • February 2025: 28.57% Strong Buy, 42.86% Buy, 21.43% Hold, 0% Sell, 7.14% Strong Sell.

What is CarGurus’s EPS forecast?

CarGurus's average annual EPS forecast for its fiscal year ending in December 2025 is $1.9, marking a 850.00% increase from the reported $0.2 in 2024. Estimates for the following years are $2.25 in 2026, $3.24 in 2027, and $5.21 in 2028.

What is CarGurus’s revenue forecast?

CarGurus's average annual revenue forecast for its fiscal year ending in December 2025 is $983.77M, reflecting a 9.99% increase from the reported $894.38M in 2024. The forecast for 2026 is $1.07B, followed by $1.23B for 2027, and $1.29B for 2028.

What is CarGurus’s net income forecast?

CarGurus's net income forecast for the fiscal year ending in December 2025 stands at $234.5M, representing an 1018.15% increase from the reported $20.97M in 2024. Projections indicate $173.77M in 2026, $289.73M in 2027, and $594.92M in 2028.