CarGurus - CARG Stock Price Target and Predictions

Target and Analyst Ratings
Price Target History
Upgrades and Downgrades
News Sentiment
About
FAQ

Consensus Rating: Buy
Consensus Price Target: $20.82
Forecasted Upside: 11.75%
Number of Analysts: 11
Breakdown:
1 Sell Ratings
3 Hold Ratings
7 Buy Ratings
0 Strong Buy Ratings

^$18.63 As of 03/24/2023 01:00 AM ET

▲ +0.09 (0.49%)

1 month | 3 months | 12 months

Get New CarGurus Analyst Ratings Delivered To Your Inbox

Sign-up to receive the latest news and ratings for CARG and its competitors with Analyst Ratings Network’s free daily newsletter.

Analyst Price Target for CARG

^$20.82

▲ +11.75% Upside Potential

This price target is based on 11 analysts offering 12 month price targets for CarGurus in the last 3 months. The average price target is $20.82, with a high forecast of $37.00 and a low forecast of $12.00. The average price target represents a 11.75% upside from the last price of $18.63.

Current Consensus is Buy

The current consensus among 11 polled 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

0 strong buy ratings
8 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

10/2/2021

0 strong buy ratings
8 buy ratings
1 hold ratings
0 sell ratings

Ratings as of

12/31/2021

0 strong buy ratings
8 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

3/31/2022

0 strong buy ratings
7 buy ratings
1 hold ratings
1 sell ratings

Ratings as of

6/29/2022

0 strong buy ratings
9 buy ratings
2 hold ratings
1 sell ratings

Ratings as of

9/27/2022

0 strong buy ratings
8 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

12/26/2022

0 strong buy ratings
7 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

2/24/2023

0 strong buy ratings
7 buy ratings
3 hold ratings
1 sell ratings

Ratings as of

3/26/2023

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price
3/3/2023	DA Davidson	Boost Target	Neutral	$11.50 ➝ $18.00	Low
3/1/2023	Royal Bank of Canada	Boost Target	Outperform	$19.00 ➝ $22.00	Low
3/1/2023	Needham & Company LLC	Reiterated Rating	Buy	$20.00	Low
3/1/2023	Oppenheimer	Boost Target	Outperform	$16.00 ➝ $21.00	Low
3/1/2023	Raymond James	Boost Target	Outperform	$16.00 ➝ $20.00	Low
3/1/2023	Citigroup	Boost Target	Neutral	$14.00 ➝ $18.00	Low
2/16/2023	Piper Sandler	Downgrade	Neutral ➝ Underweight	$12.00	Low
12/13/2022	Citigroup	Initiated Coverage	Neutral	$14.00	Low
11/15/2022	DA Davidson	Lower Target		$11.50	N/A
11/15/2022	BTIG Research	Lower Target		$19.00	N/A
11/10/2022	Oppenheimer	Lower Target		$26.00 ➝ $16.00	Low
11/9/2022	DA Davidson	Lower Target	Neutral	$30.00 ➝ $11.50	Low
11/9/2022	BTIG Research	Lower Target		$25.00 ➝ $19.00	Low
11/9/2022	Truist Financial	Lower Target		$31.00 ➝ $22.00	Low
11/9/2022	Needham & Company LLC	Lower Target	Buy	$21.00 ➝ $16.00	Low
11/9/2022	Royal Bank of Canada	Lower Target	Outperform	$35.00 ➝ $19.00	Low
11/9/2022	Raymond James	Lower Target	Outperform	$20.00 ➝ $16.00	Low
10/18/2022	Truist Financial	Lower Target	Buy	$38.00 ➝ $31.00	Low
10/6/2022	Jefferies Financial Group	Lower Target	Buy	$32.00 ➝ $20.00	Low
9/30/2022	Raymond James	Lower Target	Outperform	$28.00 ➝ $20.00	Low
9/20/2022	BTIG Research	Lower Target	Buy	$30.00 ➝ $25.00	Low
9/20/2022	Needham & Company LLC	Lower Target	Buy	$27.00 ➝ $21.00	Low
9/9/2022	Oppenheimer	Lower Target		$32.00 ➝ $23.00	Low
8/15/2022	BTIG Research	Lower Target		$30.00	Low
8/15/2022	Benchmark	Lower Target		$37.00	Low
8/9/2022	Needham & Company LLC	Lower Target	Buy	$32.00 ➝ $27.00	Low
8/9/2022	DA Davidson	Lower Target	Neutral	$34.00 ➝ $30.00	Low
8/9/2022	Oppenheimer	Lower Target	Buy	$38.00 ➝ $32.00	Low
8/9/2022	Royal Bank of Canada	Lower Target	Outperform	$45.00 ➝ $35.00	Low
8/9/2022	Raymond James	Lower Target	Outperform	$34.00 ➝ $28.00	Low
8/9/2022	Truist Financial	Lower Target	Buy	$44.00 ➝ $38.00	Low
7/25/2022	Truist Financial	Lower Target	Buy	$53.00 ➝ $44.00	Low
7/5/2022	Needham & Company LLC	Lower Target	Buy	$40.00 ➝ $32.00	N/A
6/30/2022	JMP Securities	Initiated Coverage	Market Perform		Low
6/21/2022	Needham & Company LLC	Reiterated Rating	Buy	$40.00	Low
6/21/2022	BTIG Research	Lower Target	Buy	$40.00 ➝ $33.00	Low
5/26/2022	BTIG Research	Lower Target		$40.00	Low
5/24/2022	Needham & Company LLC	Reiterated Rating	Buy	$40.00	Low
5/10/2022	Royal Bank of Canada	Lower Target		$56.00 ➝ $45.00	High
5/10/2022	Needham & Company LLC	Lower Target		$52.00 ➝ $40.00	High
5/10/2022	Benchmark	Lower Target		$63.00 ➝ $50.00	High
5/10/2022	BTIG Research	Lower Target		$49.00 ➝ $43.00	High
5/10/2022	Raymond James	Lower Target		$52.00 ➝ $34.00	High
5/10/2022	Oppenheimer	Lower Target		$45.00 ➝ $38.00	High
3/30/2022	Piper Sandler	Boost Target	Neutral	$35.00 ➝ $40.00	Medium
3/10/2022	Royal Bank of Canada	Boost Target	Outperform	$48.00 ➝ $56.00	High
3/4/2022	DA Davidson	Boost Target	Neutral	$42.00 ➝ $52.00	Medium
2/28/2022	Truist Financial	Boost Target		$44.00 ➝ $58.00	High
2/28/2022	Raymond James	Boost Target	Outperform	$41.00 ➝ $52.00	High
2/25/2022	Needham & Company LLC	Boost Target	Buy	$46.00 ➝ $52.00	High
2/2/2022	Northcoast Research	Initiated Coverage	Buy	$43.00	High
1/24/2022	Needham & Company LLC	Reiterated Rating	Buy	$46.00	High
1/7/2022	Jefferies Financial Group	Upgrade	Hold ➝ Buy	$42.00 ➝ $45.00	Medium
11/15/2021	DA Davidson	Boost Target	Neutral	$31.00 ➝ $42.00	Medium
11/10/2021	Benchmark	Boost Target	Buy	$59.00 ➝ $63.00	High
11/10/2021	BTIG Research	Boost Target	Buy	$36.00 ➝ $43.00	High
11/10/2021	Raymond James	Boost Target	Outperform	$38.00 ➝ $41.00	Low
11/10/2021	Needham & Company LLC	Boost Target	Buy	$38.00 ➝ $46.00	Low
11/10/2021	Royal Bank of Canada	Boost Target	Positive ➝ Outperform	$40.00 ➝ $48.00	Low
8/26/2021	Needham & Company LLC	Reiterated Rating	Buy	$38.00	Low
8/26/2021	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$34.00 ➝ $40.00	Medium
8/12/2021	Needham & Company LLC	Upgrade	Hold ➝ Buy	$38.00	Low
8/6/2021	Raymond James	Boost Target	Outperform	$34.00 ➝ $38.00	Medium
8/6/2021	Royal Bank of Canada	Boost Target	Sector Perform	$30.00 ➝ $34.00	Medium
5/21/2021	Oppenheimer	Initiated Coverage	Buy	$38.00	Medium
5/7/2021	BTIG Research	Reiterated Rating	Buy	$35.00	Low
4/14/2021	Raymond James	Upgrade	Market Perform ➝ Outperform	$34.00	Medium
4/8/2021	Raymond James	Upgrade	Market Perform ➝ Outperform	$34.00 ➝ $34.00	Low
3/24/2021	Jefferies Financial Group	Lower Target	Positive ➝ Hold	$32.00 ➝ $27.00	High
2/12/2021	Needham & Company LLC	Reiterated Rating	Hold		Low
2/12/2021	Benchmark	Boost Target	Buy	$35.00 ➝ $40.00	Low
2/12/2021	DA Davidson	Downgrade	Buy ➝ Neutral	$35.00 ➝ $33.00	Low
1/25/2021	The Goldman Sachs Group	Boost Target	Buy	$33.00 ➝ $40.00	High
12/14/2020	BTIG Research	Boost Target	Buy	$28.00 ➝ $34.00	High
12/4/2020	Jefferies Financial Group	Initiated Coverage	Hold	$26.00	High
11/6/2020	Oppenheimer	Reiterated Rating	Buy	$34.00	High
10/23/2020	BTIG Research	Upgrade	Neutral ➝ Buy	$26.00	Low
8/7/2020	Needham & Company LLC	Reiterated Rating	Hold		High
8/7/2020	BTIG Research	Downgrade	Buy ➝ Neutral		Low
8/5/2020	Benchmark	Boost Target	Buy	$32.00 ➝ $35.00	Medium
7/27/2020	Piper Sandler	Initiated Coverage	Neutral	$27.00	Low
7/16/2020	Oppenheimer	Initiated Coverage	Buy	$31.00	Low
7/8/2020	Oppenheimer	Initiated Coverage	Buy	$31.00	Medium
6/18/2020	JMP Securities	Boost Target	Outperform	$30.00 ➝ $32.00	Medium
6/11/2020	SunTrust Banks	Boost Target	Buy	$33.00 ➝ $35.00	High
6/1/2020	DA Davidson	Reiterated Rating	Buy	$31.00	Low
5/27/2020	Oppenheimer	Reiterated Rating	Buy	$31.00	High
5/12/2020	DA Davidson	Lower Target	Positive ➝ Buy	$40.00 ➝ $31.00	Medium
5/11/2020	SunTrust Banks	Reiterated Rating	Buy	$33.00	Low
5/11/2020	Royal Bank of Canada	Boost Target	Sector Perform	$22.00 ➝ $25.00	High
5/11/2020	Citigroup	Downgrade	Buy ➝ Neutral	$28.00	High
5/8/2020	Benchmark	Lower Target	Buy	$35.00 ➝ $32.00	High
4/20/2020	Oppenheimer	Lower Target	Outperform	$36.00 ➝ $24.00	Low
4/17/2020	Royal Bank of Canada	Downgrade	Outperform ➝ Sector Perform	$25.00 ➝ $22.00	High
4/13/2020	JMP Securities	Lower Target	Outperform	$43.00 ➝ $30.00	Low
3/31/2020	SunTrust Banks	Lower Target	Buy	$41.00 ➝ $33.00	Medium
3/27/2020	Citigroup	Lower Target	Buy	$32.00 ➝ $28.00	High
3/17/2020	BTIG Research	Upgrade	Neutral ➝ Buy	$23.00	High
2/24/2020	SunTrust Banks	Lower Target	Positive ➝ Buy	$55.00 ➝ $41.00	Low
2/19/2020	Royal Bank of Canada	Reiterated Rating	Buy	$34.00	Low
2/16/2020	Needham & Company LLC	Reiterated Rating	Hold		High
2/14/2020	Benchmark	Lower Target	Buy	$51.00 ➝ $42.00	High
2/14/2020	BTIG Research	Downgrade	Buy ➝ Neutral		High
2/10/2020	SunTrust Banks	Reiterated Rating	Buy	$54.00 ➝ $55.00	High
11/6/2019	Royal Bank of Canada	Lower Target	Outperform	$50.00	Low
9/12/2019	Needham & Company LLC	Initiated Coverage	Hold		High
8/7/2019	JMP Securities	Lower Target	Outperform	$50.00	Medium
8/2/2019	Consumer Edge	Initiated Coverage	Overweight ➝ Overweight		Medium
6/12/2019	SunTrust Banks	Reiterated Rating	Buy	$54.00	Low
5/20/2019	Cowen	Initiated Coverage	Market Perform ➝ Market Perform	$42.00	Medium
5/10/2019	Benchmark	Reiterated Rating	Buy	$51.00	High
5/9/2019	SunTrust Banks	Reiterated Rating	Buy	$52.00	High
4/17/2019	BTIG Research	Lower Target	Buy	$48.00	Low
3/26/2019	DA Davidson	Set Target	Buy	$54.00	Low
3/18/2019	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$43.00 ➝ $48.00	Low
3/1/2019	Benchmark	Reiterated Rating	Buy	$50.00	High
3/1/2019	Citigroup	Boost Target	Buy ➝ Buy	$45.00 ➝ $52.00	High
1/9/2019	CIBC	Initiated Coverage	Outperform ➝ Outperform	$42.00	Low
1/8/2019	Oppenheimer	Initiated Coverage	Buy	$42.00	Medium
12/7/2018	Citigroup	Initiated Coverage	Buy ➝ Buy	$45.00	High
11/19/2018	SunTrust Banks	Initiated Coverage	Buy ➝ Buy	$49.00	Medium
11/13/2018	BTIG Research	Initiated Coverage	Buy	$48.00	High
11/8/2018	Royal Bank of Canada	Boost Target	Outperform ➝ Outperform	$55.00 ➝ $59.00	High
8/8/2018	Benchmark	Boost Target	Buy	$44.00 ➝ $50.00	Medium
8/8/2018	DA Davidson	Set Target	Buy	$53.00	High
8/8/2018	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$33.00	High
8/8/2018	JMP Securities	Upgrade	Market Perform ➝ Outperform	$55.00	High
5/6/2018	Benchmark	Boost Target	Buy	$42.00 ➝ $44.00	Medium
5/1/2018	DA Davidson	Upgrade	Neutral ➝ Buy	$41.00	Medium
4/30/2018	Benchmark	Reiterated Rating	Buy ➝ Buy	$42.00 ➝ $44.00	Medium
4/4/2018	DA Davidson	Initiated Coverage	Neutral	$41.00	Low

(Data available from 3/26/2018 forward)

News Sentiment Rating

1.12 (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

6 very positive mentions
28 positive mentions
3 negative mentions
2 very negative mentions

Mentions as of

8/28/2022

3 very positive mentions
11 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

9/27/2022

7 very positive mentions
15 positive mentions
3 negative mentions
0 very negative mentions

Mentions as of

10/27/2022

3 very positive mentions
8 positive mentions
4 negative mentions
2 very negative mentions

Mentions as of

11/26/2022

6 very positive mentions
6 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

12/26/2022

4 very positive mentions
4 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

1/25/2023

6 very positive mentions
4 positive mentions
2 negative mentions
0 very negative mentions

Mentions as of

2/24/2023

14 very positive mentions
6 positive mentions
0 negative mentions
0 very negative mentions

Mentions as of

3/26/2023

Current Sentiment

Recent Stories by Sentiment

Very Negative

No very negative mentions tracked during this time.

Negative

No negative mentions tracked during this time.

Positive

msn.com
10 hours ago
2023 Honda Civic Si vs. 2023 Subaru WRX Base: Which Is the Better Pick for the Money?
finance.yahoo.com
3/19/2023
Should You Think About Buying CarGurus, Inc. (NASDAQ:CARG) Now?
marketbeat.com
3/3/2023
CarGurus (NASDAQ:CARG) Price Target Raised to $18.00
finance.yahoo.com
3/2/2023
CarGurus Full Year 2022 Earnings: EPS Beats Expectations
finance.yahoo.com
3/1/2023
Why CarGurus Stock Raced Ahead 11% Today

Very Positive

finance.yahoo.com
3/20/2023
CarGurus Releases its Ninth Annual Top-Rated Dealer Awards
msn.com
3/17/2023
Why it’s the perfect time to save for a down payment on a car
marketbeat.com
3/14/2023
Provident Investment Management Inc. Decreases Stock Holdings in CarGurus, Inc. (NASDAQ:CARG)
marketbeat.com
3/10/2023
Nomura Holdings Inc. Increases Position in CarGurus, Inc. (NASDAQ:CARG)
marketbeat.com
3/9/2023
Verition Fund Management LLC Makes New $284,000 Investment in CarGurus, Inc. (NASDAQ:CARG)

Cargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

Today's Range

Now: $18.63

$18.21

$18.64

50 Day Range

MA: $17.18

$15.81

$18.63

52 Week Range

Now: $18.63

$9.14

$45.68

Volume

758,493 shs

Average Volume

1,240,888 shs

Market Capitalization

$2.14 billion

P/E Ratio

N/A

Dividend Yield

N/A

Beta

1.57

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, Citigroup Inc., DA Davidson, Jefferies Financial Group Inc., JMP Securities, Needham & Company LLC, Oppenheimer Holdings Inc., Piper Sandler, Raymond James, Royal Bank of Canada, and Truist Financial Co..
View the latest analyst ratings for CARG.
What is the current price target for CarGurus?: 11 Wall Street analysts have set twelve-month price targets for CarGurus in the last year. Their average twelve-month price target is $20.82, suggesting a possible upside of 11.7%. Benchmark Co. has the highest price target set, predicting CARG will reach $37.00 in the next twelve months. Piper Sandler has the lowest price target set, forecasting a price of $12.00 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 1 sell rating, 3 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 Mobileye Global, Dana, Gentherm, Fisker and XPEL. Learn More about companies similar to CarGurus.
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. Learn More about contacing CarGurus investor relations.

CarGurus - CARG Stock Price Target and Predictions

Analyst Price Target for CARG

Current Consensus is Buy

Past Monthly Recommendations

Latest Recommendations

News Sentiment Rating

1.12 (Buy)

News Sentiment Over Time

Current Sentiment

Recent Stories by Sentiment

Very Negative

Negative

Positive

Very Positive

Today's Range

50 Day Range

52 Week Range

Volume

Average Volume

Market Capitalization

P/E Ratio

Dividend Yield

Beta

Frequently Asked Questions

What sell-side analysts currently cover shares of CarGurus?

What is the current price target for CarGurus?

What is the current consensus analyst rating for CarGurus?

What other companies compete with CarGurus?

How do I contact CarGurus' investor relations team?