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CarGurus (CARG) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

CARG Stock Forecast

CarGurus stock forecast is as follows: an average price target of $31.75 (represents a -11.88% downside from CARG’s last price of $36.03) and a rating consensus of 'Buy', based on 8 wall street analysts offering a 1-year stock forecast.

CARG Price Target

The average price target for CarGurus (CARG) is $31.75 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $40.00 to $26.50. This represents a potential -11.88% downside from CARG's last price of $36.03.

CARG Analyst Ratings

Buy

According to 8 Wall Street analysts, CarGurus's rating consensus is 'Buy'. The analyst rating breakdown for CARG stock is 0 'Strong Buy' (0.00%), 7 'Buy' (87.50%), 1 'Hold' (12.50%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

CarGurus Price Target by Analyst

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 11, 2024Naved KhanB.Riley Financial$40.00$31.7126.14%11.02%
Oct 22, 2024Marvin FongBTIG$35.00$31.6610.55%-2.86%
Aug 09, 2024Jed KellyOppenheimer$32.00$25.8523.79%-11.19%
Aug 09, 2024Chris PierceNeedham$27.00$22.4020.54%-25.06%
Aug 09, 2024Tom WhiteD.A. Davidson$26.50$22.4018.30%-26.45%
Aug 09, 2024Brad EricksonRBC Capital$30.00$22.4033.93%-16.74%
Jun 06, 2024Nicholas JonesJMP Securities$30.00$25.1719.19%-16.74%
May 10, 2024Brad EricksonRBC Capital$27.00$23.7513.68%-25.06%
May 10, 2024Chris PierceNeedham$25.00$24.113.71%-30.61%
May 12, 2023Jed KellyOppenheimer$24.00$19.1025.65%-33.39%
Jan 05, 2023Chris PierceNeedham$16.00$14.3111.81%-55.59%
Dec 13, 2022Citigroup$14.00$13.692.26%-61.14%
Sep 30, 2022Raymond James$20.00$14.4138.79%-44.49%
Sep 20, 2022BTIG$25.00$15.4062.34%-30.61%
Sep 20, 2022Needham$21.00$15.9431.74%-41.72%
Aug 09, 2022Truist Financial$38.00$20.0989.10%5.47%
Aug 09, 2022Needham$27.00$21.8223.74%-25.06%
Aug 09, 2022Raymond James$28.00$25.728.86%-22.29%
Aug 09, 2022RBC Capital$35.00$25.7236.08%-2.86%
Jul 25, 2022Truist Financial$44.00$23.7785.11%22.12%
Jun 21, 2022BTIG$33.00$23.2741.84%-8.41%
May 10, 2022RBC Capital$45.00$29.8350.85%24.90%
May 10, 2022Raymond James$34.00$29.8313.98%-5.63%
Feb 27, 2022Chris PierceNeedham$52.00$46.4411.97%44.32%
May 21, 2021Jed KellyOppenheimer$38.00$28.2634.47%5.47%

The latest CarGurus stock forecast, released on Nov 11, 2024 by Naved Khan from B.Riley Financial, set a price target of $40.00, which represents a 26.14% increase from the stock price at the time of the forecast ($31.71), and a 11.02% increase from CARG last price ($36.03).

CarGurus Price Target by Period

1M3M12M
# Anlaysts-29
Avg Price Target-$37.50$30.28
Last Closing Price$36.03$36.03$36.03
Upside/Downside-100.00%4.08%-15.96%

In the current month, the average price target of CarGurus stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to CarGurus's last price of $36.03. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 22, 2024RBC CapitalMarket OutperformMarket OutperformHold
Oct 22, 2024JefferiesBuyBuyHold
Oct 22, 2024BTIGBuyBuyHold
Sep 09, 2024RBC CapitalMarket OutperformMarket OutperformHold
Sep 09, 2024OppenheimerUnderperformUnderperformHold
Aug 12, 2024RBC CapitalBuyBuyHold
Aug 12, 2024OppenheimerUnderperformUnderperformHold
Aug 12, 2024JMP SecuritiesOutperformOutperformHold
Aug 09, 2024B. RileyBuyBuyHold
Aug 09, 2024OppenheimerOutperformOutperformHold
Aug 09, 2024NeedhamBuyBuyHold
Aug 09, 2024BTIGBuyBuyHold
Aug 09, 2024RBC CapitalOutperformOutperformHold
Jul 03, 2024CitigroupNeutralNeutralHold
Jun 06, 2024JMP SecuritiesOutperformUpgrade
May 10, 2024RBC CapitalOutperformOutperformHold
May 10, 2024NeedhamBuyBuyHold
Feb 27, 2024OppenheimerOutperformOutperformHold
Aug 01, 2023CitigroupNeutralNeutralHold
May 12, 2023OppenheimerOutperformOutperformHold
Jan 05, 2023NeedhamBuyBuyHold
Sep 30, 2022Raymond JamesOutperformOutperformHold
Sep 20, 2022BTIGBuyBuyHold
Sep 20, 2022NeedhamBuyBuyHold
Aug 09, 2022NeedhamBuyBuyHold
Aug 09, 2022Raymond JamesOutperformOutperformHold
Aug 09, 2022RBC CapitalOutperformOutperformHold
Jun 21, 2022NeedhamBuyBuyHold
Jun 21, 2022BTIGBuyBuyHold
May 31, 2022NeedhamBuyBuyHold
May 10, 2022RBC CapitalOutperformOutperformHold
May 10, 2022Raymond JamesOutperformOutperformHold
May 10, 2022NeedhamBuyBuyHold
Feb 28, 2022Raymond JamesOutperformOutperformHold
Feb 27, 2022NeedhamBuyBuyHold

CarGurus's last stock rating was published by RBC Capital on Oct 22, 2024. The company gave CARG a "Market Outperform" rating, the same as its previous rate.

CarGurus Financial Forecast

CarGurus Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$223.12M$219.42M$239.74M$231.96M$286.74M$426.45M$511.23M$430.61M$339.34M$222.91M$217.75M$171.37M$151.55M$147.47M$94.74M$157.69M$158.15M$150.46M
Avg Forecast$268.72M$265.75M$260.25M$254.56M$250.45M$248.91M$242.42M$238.63M$231.85M$223.54M$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$277.17M$274.11M$268.43M$262.56M$258.33M$256.73M$250.04M$243.45M$235.32M$223.65M$215.77M$216.79M$222.94M$215.98M$237.63M$214.12M$290.29M$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
Low Forecast$260.36M$257.48M$252.15M$246.63M$242.66M$241.16M$234.87M$230.95M$228.52M$223.44M$215.77M$216.79M$215.61M$215.93M$223.22M$201.13M$272.68M$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
# Analysts3345452794749464374347441377986
Surprise %------------1.01%1.02%1.04%1.12%1.02%0.92%1.01%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 $216.79M, and a high forecast of $216.79M. 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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3345452794749464374347441377986
EBITDA------------$-24.54M$34.63M$28.92M$25.64M$41.35M$39.84M$34.78M$37.84M$51.05M$50.81M$49.36M$34.68M$35.97M$46.20M$12.54M$15.74M$16.67M$12.83M
Avg Forecast$35.56M$35.16M$34.44M$33.68M$33.14M$32.93M$32.08M$31.57M$30.68M$29.58M$28.55M$45.60M$29.12M$28.57M$30.48M$41.46M$35.00M$60.00M$65.90M$37.69M$36.36M$28.29M$24.71M$19.07M$19.33M$17.63M$11.24M$11.24M$20.08M$19.23M
High Forecast$36.67M$36.27M$35.52M$34.74M$34.18M$33.97M$33.08M$32.21M$31.14M$29.59M$28.55M$54.72M$29.50M$28.58M$31.44M$49.75M$42.01M$60.00M$65.90M$45.23M$36.36M$28.29M$24.71M$22.89M$19.33M$17.63M$11.24M$13.49M$20.08M$19.23M
Low Forecast$34.45M$34.07M$33.36M$32.63M$32.11M$31.91M$31.08M$30.56M$30.24M$29.56M$28.55M$36.48M$28.53M$28.57M$29.54M$33.17M$28.00M$60.00M$65.90M$30.15M$36.36M$28.29M$24.71M$15.26M$19.33M$17.63M$11.24M$8.99M$20.08M$19.23M
Surprise %-------------0.84%1.21%0.95%0.62%1.18%0.66%0.53%1.00%1.40%1.80%2.00%1.82%1.86%2.62%1.12%1.40%0.83%0.67%

9 analysts predict CARG's average Quarter EBITDA for Dec 23 to be $29.12M, with a high of $29.50M and a low of $28.53M. This is -15.92% lower than CarGurus's previous annual EBITDA (Sep 23) of $34.63M.

CarGurus Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3345452794749464374347441377986
Net Income------------$-19.48M$22.30M$16.41M$11.87M$24.79M$18.82M$18.06M$19.91M$34.16M$29.20M$28.05M$19.55M$25.16M$32.56M$7.13M$12.70M$13.17M$10.38M
Avg Forecast$64.42M$56.65M$52.37M$47.11M$62.07M$52.35M$47.72M$45.34M$54.79M$44.75M$35.37M$23.40M$35.22M$27.67M$24.67M$21.28M$20.32M$26.16M$32.09M$19.34M$31.41M$34.58M$25.78M$10.75M$28.50M$22.46M$932.48K$9.07M$13.98M$9.64M
High Forecast$67.05M$58.97M$54.51M$49.04M$64.61M$54.49M$49.67M$59.04M$60.39M$44.81M$35.39M$28.08M$37.23M$27.69M$25.68M$25.53M$24.38M$26.16M$32.09M$23.21M$31.41M$34.58M$25.78M$12.90M$28.50M$22.46M$932.48K$10.88M$13.98M$9.64M
Low Forecast$61.81M$54.36M$50.25M$45.21M$59.56M$50.23M$45.79M$37.96M$46.97M$44.70M$35.35M$18.72M$33.21M$27.65M$23.67M$17.02M$16.25M$26.16M$32.09M$15.47M$31.41M$34.58M$25.78M$8.60M$28.50M$22.46M$932.48K$7.25M$13.98M$9.64M
Surprise %-------------0.55%0.81%0.67%0.56%1.22%0.72%0.56%1.03%1.09%0.84%1.09%1.82%0.88%1.45%7.65%1.40%0.94%1.08%

CarGurus's average Quarter net income forecast for Dec 23 is $35.22M, with a range of $33.21M to $37.23M. CARG's average Quarter net income forecast represents a 57.92% increase compared to the company's last Quarter net income of $22.30M (Sep 23).

CarGurus SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3345452794749464374347441377986
SG&A------------$149.49M$101.73M$105.11M$100.50M$71.92M$88.08M$129.12M$120.70M$120.22M$87.04M$92.30M$88.69M$85.05M$71.90M$52.74M$109.45M$114.42M$112.45M
Avg Forecast$133.74M$132.27M$129.53M$126.69M$124.65M$123.88M$120.65M$118.77M$115.39M$111.26M$107.39M$141.88M$109.52M$107.48M$114.67M$128.98M$82.43M$229.90M$252.51M$117.25M$139.32M$108.42M$94.70M$48.78M$74.08M$67.55M$43.07M$78.18M$76.96M$73.69M
High Forecast$137.95M$136.42M$133.60M$130.68M$128.57M$127.78M$124.44M$121.16M$117.12M$111.31M$107.39M$170.25M$110.96M$107.49M$118.27M$154.77M$98.92M$229.90M$252.51M$140.70M$139.32M$108.42M$94.70M$58.53M$74.08M$67.55M$43.07M$93.82M$76.96M$73.69M
Low Forecast$129.58M$128.15M$125.50M$122.75M$120.77M$120.03M$116.90M$114.95M$113.74M$111.21M$107.39M$113.50M$107.31M$107.47M$111.10M$103.18M$65.95M$229.90M$252.51M$93.80M$139.32M$108.42M$94.70M$39.02M$74.08M$67.55M$43.07M$62.55M$76.96M$73.69M
Surprise %------------1.36%0.95%0.92%0.78%0.87%0.38%0.51%1.03%0.86%0.80%0.97%1.82%1.15%1.06%1.22%1.40%1.49%1.53%

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts3345452794749464374347441377986
EPS------------$-0.17$0.20$0.14$0.10$1.34$0.16$0.15$-0.53$0.29$0.25$0.24$0.19$0.22$0.29$0.06$0.11$0.12$0.09
Avg Forecast$0.61$0.54$0.50$0.45$0.59$0.50$0.45$0.43$0.52$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$0.64$0.56$0.52$0.47$0.61$0.52$0.47$0.56$0.57$0.43$0.34$0.29$0.35$0.26$0.24$0.17$0.14$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
Low Forecast$0.59$0.52$0.48$0.43$0.57$0.48$0.44$0.36$0.45$0.43$0.34$0.29$0.32$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
Surprise %-------------0.51%0.76%0.60%0.61%10.09%0.63%0.49%-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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
ANAutoNation$170.49$229.0034.32%Buy
CARSCars$18.15$23.0026.72%Buy
RUSHARush Enterprises$58.64$66.0012.55%Buy
DRVNDriven Brands$16.70$18.6011.38%Hold
PAGPenske Automotive Group$161.76$180.0011.28%Buy
GPIGroup 1 Automotive$421.48$430.002.02%Buy
LADLithia Motors$370.77$363.00-2.10%Buy
SAHSonic Automotive$65.41$62.33-4.71%Buy
ABGAsbury Automotive Group$252.30$236.50-6.26%Hold
CARGCarGurus$37.14$31.75-14.51%Buy

CARG Forecast FAQ

Is CarGurus a good buy?

Yes, according to 8 Wall Street analysts, CarGurus (CARG) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 87.50% of CARG's total ratings.

What is CARG's price target?

CarGurus (CARG) average price target is $31.75 with a range of $26.5 to $40, implying a -11.88% from its last price of $36.03. The data is based on 8 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 -11.88% (from the last price of $36.03 to the average price target of $31.75), up by 11.02% based on the highest stock price target, and down by -26.45% based on the lowest stock price target.

Can CarGurus stock reach $50?

CARG's average twelve months analyst stock price target of $31.75 does not support the claim that CarGurus can reach $50 in the near future.

What are CarGurus's analysts' financial forecasts?

CarGurus's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $980.41M (high $1.01B, low $949.64M), average EBITDA is $129.72M (high $133.45M, low $125.65M), average net income is $207.48M (high $227.82M, low $193.54M), average SG&A $487.95M (high $501.96M, low $472.64M), and average EPS is $1.97 (high $2.17, low $1.84). CARG's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $1.05B (high $1.08B, low $1.02B), average EBITDA is $138.84M (high $143.2M, low $134.52M), average net income is $220.55M (high $229.57M, low $211.63M), average SG&A $522.23M (high $538.65M, low $505.98M), and average EPS is $2.1 (high $2.19, low $2.01).

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 $129.63M by -40.93%. The company's net income was $31.1M, missing the average estimation of $108.84M by -71.42%. 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 $29.12M by -184.29%. CarGurus's net income was $-19.477M, missing the average estimation of $35.22M by -155.30%. 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%