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NASDAQ:CARG - CarGurus Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $36.56
  • Forecasted Upside: 7.83 %
  • Number of Analysts: 9
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 7 Buy Ratings
  • 0 Strong Buy Ratings
$33.90 As of 10/22/2021 04:59 PM ET
▼ -0.5 (-1.45%)

This chart shows the closing price for CARG by one month, three months, or twelve months.

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Analyst Price Target for CARG

Analyst Price Target is $36.56
▲ +7.83% Upside Potential
This price target is based on 9 analysts offering 12 month price targets for CarGurus in the last 3 months. The average price target is $36.56, with a high forecast of $40.00 and a low forecast of $27.00. The average price target represents a 7.83% upside from the last price of $33.90.

This chart shows the closing price for CARG for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Buy

The current consensus among 9 contributing investment analysts is to buy stock in CarGurus. This Buy consensus rating has held steady for over two years.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
4/30/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
7/29/2020
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
10/27/2020
  • 0 strong buy ratings
  • 8 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
1/25/2021
  • 0 strong buy ratings
  • 9 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
4/25/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
7/24/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
9/22/2021
  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
10/22/2021

Latest Recommendations

  • 0 strong buy ratings
  • 7 buy ratings
  • 2 hold ratings
  • 0 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
8/26/2021Needham & Company LLCReiterated RatingBuy$38.00Low
8/26/2021Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$34.00 ➝ $40.00Medium
8/12/2021Needham & Company LLCUpgradeHold ➝ Buy$38.00Low
8/6/2021Raymond JamesBoost Price TargetOutperform$34.00 ➝ $38.00Medium
8/6/2021Royal Bank of CanadaBoost Price TargetSector Perform$30.00 ➝ $34.00Medium
5/21/2021OppenheimerInitiated CoverageBuy$38.00Medium
5/7/2021BTIG ResearchReiterated RatingBuy$35.00Low
4/14/2021Raymond JamesUpgradeMarket Perform ➝ Outperform$34.00Medium
4/8/2021Raymond JamesUpgradeMarket Perform ➝ Outperform$34.00 ➝ $34.00Low
3/24/2021Jefferies Financial GroupLower Price TargetPositive ➝ Hold$32.00 ➝ $27.00High
2/12/2021Needham & Company LLCReiterated RatingHoldLow
2/12/2021BenchmarkBoost Price TargetBuy$35.00 ➝ $40.00Low
2/12/2021DA DavidsonDowngradeBuy ➝ Neutral$35.00 ➝ $33.00Low
1/25/2021The Goldman Sachs GroupBoost Price TargetBuy$33.00 ➝ $40.00High
12/14/2020BTIG ResearchBoost Price TargetBuy$28.00 ➝ $34.00High
12/4/2020Jefferies Financial GroupInitiated CoverageHold$26.00High
11/6/2020OppenheimerReiterated RatingBuy$34.00High
10/23/2020BTIG ResearchUpgradeNeutral ➝ Buy$26.00Low
8/7/2020Needham & Company LLCReiterated RatingHoldHigh
8/7/2020BTIG ResearchDowngradeBuy ➝ NeutralLow
8/5/2020BenchmarkBoost Price TargetBuy$32.00 ➝ $35.00Medium
7/27/2020Piper SandlerInitiated CoverageNeutral$27.00Low
7/16/2020OppenheimerInitiated CoverageBuy$31.00Low
7/8/2020OppenheimerInitiated CoverageBuy$31.00Medium
6/18/2020JMP SecuritiesBoost Price TargetOutperform$30.00 ➝ $32.00Medium
6/11/2020SunTrust BanksBoost Price TargetBuy$33.00 ➝ $35.00High
6/1/2020DA DavidsonReiterated RatingBuy$31.00Low
5/27/2020OppenheimerReiterated RatingBuy$31.00High
5/12/2020DA DavidsonLower Price TargetPositive ➝ Buy$40.00 ➝ $31.00Medium
5/11/2020SunTrust BanksReiterated RatingBuy$33.00Low
5/11/2020Royal Bank of CanadaBoost Price TargetSector Perform$22.00 ➝ $25.00High
5/11/2020CitigroupDowngradeBuy ➝ Neutral$28.00High
5/8/2020BenchmarkLower Price TargetBuy$35.00 ➝ $32.00High
4/20/2020OppenheimerLower Price TargetOutperform$36.00 ➝ $24.00Low
4/17/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$25.00 ➝ $22.00High
4/13/2020JMP SecuritiesLower Price TargetOutperform$43.00 ➝ $30.00Low
3/31/2020SunTrust BanksLower Price TargetBuy$41.00 ➝ $33.00Medium
3/27/2020CitigroupLower Price TargetBuy$32.00 ➝ $28.00High
3/17/2020BTIG ResearchUpgradeNeutral ➝ Buy$23.00High
2/24/2020SunTrust BanksLower Price TargetPositive ➝ Buy$55.00 ➝ $41.00Low
2/19/2020Royal Bank of CanadaReiterated RatingBuy$34.00Low
2/16/2020Needham & Company LLCReiterated RatingHoldHigh
2/14/2020BenchmarkLower Price TargetBuy$51.00 ➝ $42.00High
2/14/2020BTIG ResearchDowngradeBuy ➝ NeutralHigh
2/10/2020SunTrust BanksReiterated RatingBuy$54.00 ➝ $55.00High
11/6/2019Royal Bank of CanadaLower Price TargetOutperform$50.00Low
9/12/2019Needham & Company LLCInitiated CoverageHoldHigh
8/7/2019JMP SecuritiesLower Price TargetOutperform$50.00Medium
8/2/2019Consumer EdgeInitiated CoverageOverweight ➝ OverweightMedium
6/12/2019SunTrust BanksReiterated RatingBuy$54.00Low
5/20/2019CowenInitiated CoverageMarket Perform ➝ Market Perform$42.00Medium
5/10/2019BenchmarkReiterated RatingBuy$51.00High
5/9/2019SunTrust BanksReiterated RatingBuy$52.00High
4/17/2019BTIG ResearchLower Price TargetBuy$48.00Low
3/26/2019DA DavidsonSet Price TargetBuy$54.00Low
3/18/2019The Goldman Sachs GroupUpgradeNeutral ➝ Buy$43.00 ➝ $48.00Low
3/1/2019BenchmarkReiterated RatingBuy$50.00High
3/1/2019CitigroupBoost Price TargetBuy ➝ Buy$45.00 ➝ $52.00High
1/9/2019CIBCInitiated CoverageOutperform ➝ Outperform$42.00Low
1/8/2019OppenheimerInitiated CoverageBuy$42.00Medium
12/7/2018CitigroupInitiated CoverageBuy ➝ Buy$45.00High
11/19/2018SunTrust BanksInitiated CoverageBuy ➝ Buy$49.00Medium
11/13/2018BTIG ResearchInitiated CoverageBuy$48.00High
11/8/2018Royal Bank of CanadaBoost Price TargetOutperform ➝ Outperform$55.00 ➝ $59.00High
8/8/2018BenchmarkBoost Price TargetBuy$44.00 ➝ $50.00Medium
8/8/2018DA DavidsonSet Price TargetBuy$53.00High
8/8/2018Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$33.00High
8/8/2018JMP SecuritiesUpgradeMarket Perform ➝ Outperform$55.00High
5/6/2018BenchmarkBoost Price TargetBuy$42.00 ➝ $44.00Medium
5/1/2018DA DavidsonUpgradeNeutral ➝ Buy$41.00Medium
4/30/2018BenchmarkReiterated RatingBuy ➝ Buy$42.00 ➝ $44.00Medium
4/4/2018DA DavidsonInitiated CoverageNeutral$41.00Low
3/22/2018BenchmarkInitiated CoverageBuy ➝ Buy$42.00Low
11/15/2017Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$33.00 ➝ $34.00N/A
11/6/2017William BlairInitiated CoverageSell ➝ OutperformN/A
11/6/2017Raymond JamesInitiated CoverageMkt Perform ➝ Market PerformN/A
11/6/2017Royal Bank of CanadaInitiated CoverageSector Perform ➝ Sector Perform$33.00N/A
11/6/2017JMP SecuritiesInitiated CoverageMkt Perform ➝ Market PerformN/A
11/6/2017The Goldman Sachs GroupInitiated CoverageNeutral ➝ Neutral$25.00N/A
(Data available from 10/22/2016 forward)

News Sentiment Rating

0.53 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 0 very positive mentions
  • 1 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
3/26/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
4/25/2021
  • 0 very positive mentions
  • 8 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
5/25/2021
  • 0 very positive mentions
  • 5 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2021
  • 4 very positive mentions
  • 9 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2021
  • 7 very positive mentions
  • 21 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2021
  • 6 very positive mentions
  • 24 positive mentions
  • 1 negative mentions
  • 1 very negative mentions
Mentions as of
9/22/2021
  • 8 very positive mentions
  • 28 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2021

Current Sentiment

  • 8 very positive mentions
  • 28 positive mentions
  • 2 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

CarGurus logo
Cargurus, Inc. engages in the provision of online auto shopping. The firm offers proprietary technology, search algorithms and data analytics to analyze new and used car listings. It operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services and other revenues from customers outside of the United States. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.
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Today's Range

Now: $33.90
Low: $33.60
High: $34.83

50 Day Range

MA: $31.01
Low: $26.40
High: $35.06

52 Week Range

Now: $33.90
Low: $19.24
High: $36.54

Volume

21,894 shs

Average Volume

974,613 shs

Market Capitalization

$3.98 billion

P/E Ratio

36.45

Dividend Yield

N/A

Beta

1.83

Frequently Asked Questions

What sell-side analysts currently cover shares of CarGurus?

The following Wall Street sell-side analysts have issued reports on CarGurus in the last year: Benchmark Co., BTIG Research, DA Davidson, Jefferies Financial Group Inc., Needham & Company LLC, Oppenheimer Holdings Inc., Raymond James, Royal Bank of Canada, The Goldman Sachs Group, Inc., TheStreet, and Zacks Investment Research.
View the latest analyst ratings for CARG.

What is the current price target for CarGurus?

9 Wall Street analysts have set twelve-month price targets for CarGurus in the last year. Their average twelve-month price target is $36.56, suggesting a possible upside of 7.8%. The Goldman Sachs Group, Inc. has the highest price target set, predicting CARG will reach $40.00 in the next twelve months. Jefferies Financial Group Inc. has the lowest price target set, forecasting a price of $27.00 for CarGurus in the next year.
View the latest price targets for CARG.

What is the current consensus analyst rating for CarGurus?

CarGurus currently has 2 hold ratings and 7 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Buy." A "buy" rating indicates that analysts believe CARG will outperform the market and that investors should add to their positions of CarGurus.
View the latest ratings for CARG.

What other companies compete with CarGurus?

Other companies that are similar to CarGurus include Clarivate, PagSeguro Digital, Globant, Playtika, StoneCo, ironSource, Five9, Pegasystems, TELUS International (Cda), DXC Technology, Zynga, Upwork, Change Healthcare, Autohome and Inovalon.

How do I contact CarGurus' investor relations team?

CarGurus' physical mailing address is 2 Canal Park 4thFloor, Cambridge MA, 02141. The company's listed phone number is (617) 354-0068 and its investor relations email address is [email protected] The official website for CarGurus is www.cargurus.com.