CarGurus Inc
NASDAQ:CARG

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CarGurus Inc
NASDAQ:CARG
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Price: 31.15 USD 0.42% Market Closed
Market Cap: 3.2B USD
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Wall Street
Price Targets

CARG Price Targets Summary
CarGurus Inc

Wall Street analysts forecast CARG stock price to drop over the next 12 months.

According to Wall Street analysts, the average 1-year price target for CARG is 29.79 USD with a low forecast of 16.16 USD and a high forecast of 36.75 USD.

Lowest
Price Target
16.16 USD
48% Downside
Average
Price Target
29.79 USD
4% Downside
Highest
Price Target
36.75 USD
18% Upside

CARG Last Price Targets
CarGurus Inc

The latest public price target was made on Oct 22, 2024 by Marvin Fong from BTIG , who expects CARG stock to rise by 12% over the next 12 months. You can read more about this price target by viewing the article on TheFly.

Analyst Price Target Date Article
Marvin Fong
BTIG
35 USD
Upside 12%
1 week ago
Oct 22, 2024
CarGurus price target raised to $35 from $30 at BTIG
TheFly
Chris Pierce
Needham
27 USD
Downside 13%
2 months ago
Aug 9, 2024
CarGurus Inc. (CARG) PT Raised to $27 at Needham
StreetInsider
Brad Erickson
RBC Capital
30 USD
Downside 4%
2 months ago
Aug 9, 2024
CarGurus Inc. (CARG) PT Raised to $30 at RBC Capital
StreetInsider
Tom White
D.A. Davidson
26.5 USD
Downside 15%
2 months ago
Aug 9, 2024
CarGurus Inc. (CARG) PT Raised to $26.50 at DA Davidson
StreetInsider
Jed Kelly
Oppenheimer
32 USD
Upside 3%
2 months ago
Aug 9, 2024
CarGurus price target raised to $32 from $30 at Oppenheimer
TheFly
Nicholas Jones
JMP Securities
30 USD
Downside 4%
4 months ago
Jun 6, 2024
CarGurus upgraded to Outperform from Market Perform at JMP Securities
TheFly
Chris Pierce
Needham
25 USD
Downside 20%
5 months ago
May 10, 2024
CarGurus Inc. (CARG) PT Raised to $25 at Needham
StreetInsider
Brad Erickson
RBC Capital
27 USD
Downside 13%
5 months ago
May 10, 2024
CarGurus price target raised to $27 from $26 at RBC Capital
TheFly
Jed Kelly
Oppenheimer
24 USD
Downside 23%
1 year ago
May 12, 2023
CarGurus Accelerates Towards Sustainable Profitability, Analyst Cheers On with Higher Price Target
Benzinga
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Marvin Fong
BTIG
Price Target 35 USD
Upside/Downside 12%
View Source
Chris Pierce
Needham
Price Target 27 USD
Upside/Downside 13%
View Source
Brad Erickson
RBC Capital
Price Target 30 USD
Upside/Downside 4%
View Source
Tom White
D.A. Davidson
Price Target 26.5 USD
Upside/Downside 15%
View Source
Jed Kelly
Oppenheimer
Price Target 32 USD
Upside/Downside 3%
View Source
Nicholas Jones
JMP Securities
Price Target 30 USD
Upside/Downside 4%
View Source
Chris Pierce
Needham
Price Target 25 USD
Upside/Downside 20%
View Source
Brad Erickson
RBC Capital
Price Target 27 USD
Upside/Downside 13%
View Source
Jed Kelly
Oppenheimer
Price Target 24 USD
Upside/Downside 23%
View Source
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CarGurus Inc Competitors:
Price Targets
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Tencent Holdings Ltd
20% Upside
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Hubei Century Network Technology Inc
124% Upside
ILLM
illumin Holdings Inc
64% Upside
GENI
Genius Sports Ltd
38% Upside
WN6
Car Group Ltd
2% Upside
MATRIMONY
Matrimony.Com Ltd
11% Downside

Revenue
Forecast

Revenue Estimate
CarGurus Inc

For the last 7 years the compound annual growth rate for CarGurus Inc's revenue is 24%. The projected CAGR for the next 3 years is 5%.

24%
Past Growth
5%
Estimated Growth
Estimates Accuracy
-1%
Average Miss

Operating Income
Forecast

Operating Income Estimate
CarGurus Inc

For the last 7 years the compound annual growth rate for CarGurus Inc's operating income is 21%. The projected CAGR for the next 3 years is 97%.

21%
Past Growth
97%
Estimated Growth
Estimates Accuracy
-34%
Average Miss

Net Income
Forecast

Net Income Estimate
CarGurus Inc

The compound annual growth rate of CarGurus Inc's net income for the next 3 years is 96%.

N/A
Past Growth
96%
Estimated Growth
Estimates Accuracy
-23%
Average Miss

See Also

Discover More
Why do you have more estimates than other sites?

Our estimates are sourced from the pool of sell-side and buy-side analysts that we have access to. What is available on other sites you are seeing are mostly from the sell-side analysts.

What is CARG's stock price target?
Price Target
29.79 USD

According to Wall Street analysts, the average 1-year price target for CARG is 29.79 USD with a low forecast of 16.16 USD and a high forecast of 36.75 USD.

What is CarGurus Inc's Revenue forecast?
Projected CAGR
5%

For the last 7 years the compound annual growth rate for CarGurus Inc's revenue is 24%. The projected CAGR for the next 3 years is 5%.

What is CarGurus Inc's Operating Income forecast?
Projected CAGR
97%

For the last 7 years the compound annual growth rate for CarGurus Inc's operating income is 21%. The projected CAGR for the next 3 years is 97%.

What is CarGurus Inc's Net Income forecast?
Projected CAGR
96%

The compound annual growth rate of CarGurus Inc's net income for the next 3 years is 96%.

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