CarGurus Inc
NASDAQ:CARG

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CarGurus Inc
NASDAQ:CARG
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Price: 36.12 USD 0.56%
Market Cap: 3.7B USD
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Wall Street
Price Targets

CARG Price Targets Summary
CarGurus Inc

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

According to Wall Street analysts, the average 1-year price target for CARG is 39.03 USD with a low forecast of 16.16 USD and a high forecast of 48.3 USD.

Lowest
Price Target
16.16 USD
55% Downside
Average
Price Target
39.03 USD
8% Upside
Highest
Price Target
48.3 USD
34% Upside

CARG Last Price Targets
CarGurus Inc

The latest public price target was made on Nov 11, 2024 by Naved Khan from B.Riley Financial , who expects CARG stock to rise by 11% over the next 12 months. You can read more about this price target by viewing the article on StreetInsider.

Analyst Price Target Date Article
Naved Khan
B.Riley Financial
40 USD
Upside 11%
1 month ago
Nov 11, 2024
CarGurus Inc. (CARG) PT Raised to $40 at B.Riley
StreetInsider
Marvin Fong
BTIG
35 USD
Downside 3%
2 months ago
Oct 22, 2024
CarGurus price target raised to $35 from $30 at BTIG
TheFly
Chris Pierce
Needham
27 USD
Downside 25%
4 months ago
Aug 9, 2024
CarGurus Inc. (CARG) PT Raised to $27 at Needham
StreetInsider
Brad Erickson
RBC Capital
30 USD
Downside 17%
4 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 27%
4 months ago
Aug 9, 2024
CarGurus Inc. (CARG) PT Raised to $26.50 at DA Davidson
StreetInsider
Jed Kelly
Oppenheimer
32 USD
Downside 11%
4 months ago
Aug 9, 2024
CarGurus price target raised to $32 from $30 at Oppenheimer
TheFly
Nicholas Jones
JMP Securities
30 USD
Downside 17%
6 months ago
Jun 6, 2024
CarGurus upgraded to Outperform from Market Perform at JMP Securities
TheFly
Chris Pierce
Needham
25 USD
Downside 31%
7 months ago
May 10, 2024
CarGurus Inc. (CARG) PT Raised to $25 at Needham
StreetInsider
Brad Erickson
RBC Capital
27 USD
Downside 25%
7 months ago
May 10, 2024
CarGurus price target raised to $27 from $26 at RBC Capital
TheFly
Jed Kelly
Oppenheimer
24 USD
Downside 34%
1 year ago
May 12, 2023
CarGurus Accelerates Towards Sustainable Profitability, Analyst Cheers On with Higher Price Target
Benzinga
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Naved Khan
B.Riley Financial
Price Target 40 USD
Upside/Downside 11%
View Source
Marvin Fong
BTIG
Price Target 35 USD
Upside/Downside 3%
View Source
Chris Pierce
Needham
Price Target 27 USD
Upside/Downside 25%
View Source
Brad Erickson
RBC Capital
Price Target 30 USD
Upside/Downside 17%
View Source
Tom White
D.A. Davidson
Price Target 26.5 USD
Upside/Downside 27%
View Source
Jed Kelly
Oppenheimer
Price Target 32 USD
Upside/Downside 11%
View Source
Nicholas Jones
JMP Securities
Price Target 30 USD
Upside/Downside 17%
View Source
Chris Pierce
Needham
Price Target 25 USD
Upside/Downside 31%
View Source
Brad Erickson
RBC Capital
Price Target 27 USD
Upside/Downside 25%
View Source
Jed Kelly
Oppenheimer
Price Target 24 USD
Upside/Downside 34%
View Source
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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 4 years is 11%.

24%
Past Growth
11%
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 4 years is 91%.

21%
Past Growth
91%
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 4 years is 83%.

N/A
Past Growth
83%
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
39.03 USD

According to Wall Street analysts, the average 1-year price target for CARG is 39.03 USD with a low forecast of 16.16 USD and a high forecast of 48.3 USD.

What is CarGurus Inc's Revenue forecast?
Projected CAGR
11%

For the last 7 years the compound annual growth rate for CarGurus Inc's revenue is 24%. The projected CAGR for the next 4 years is 11%.

What is CarGurus Inc's Operating Income forecast?
Projected CAGR
91%

For the last 7 years the compound annual growth rate for CarGurus Inc's operating income is 21%. The projected CAGR for the next 4 years is 91%.

What is CarGurus Inc's Net Income forecast?
Projected CAGR
83%

The compound annual growth rate of CarGurus Inc's net income for the next 4 years is 83%.

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