• 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
▲ +0.09 (0.49%)

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 $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.

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 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

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
10/2/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 0 sell ratings
12/31/2021
  • 0 strong buy ratings
  • 8 buy ratings
  • 1 hold ratings
  • 1 sell ratings
3/31/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 1 hold ratings
  • 1 sell ratings
6/29/2022
  • 0 strong buy ratings
  • 9 buy ratings
  • 2 hold ratings
  • 1 sell ratings
9/27/2022
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 1 sell ratings
12/26/2022
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 1 sell ratings
2/24/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 1 sell ratings
3/26/2023

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
3/3/2023DA DavidsonBoost TargetNeutral$11.50 ➝ $18.00Low
3/1/2023Royal Bank of CanadaBoost TargetOutperform$19.00 ➝ $22.00Low
3/1/2023Needham & Company LLCReiterated RatingBuy$20.00Low
3/1/2023OppenheimerBoost TargetOutperform$16.00 ➝ $21.00Low
3/1/2023Raymond JamesBoost TargetOutperform$16.00 ➝ $20.00Low
3/1/2023CitigroupBoost TargetNeutral$14.00 ➝ $18.00Low
2/16/2023Piper SandlerDowngradeNeutral ➝ Underweight$12.00Low
12/13/2022CitigroupInitiated CoverageNeutral$14.00Low
11/15/2022DA DavidsonLower Target$11.50N/A
11/15/2022BTIG ResearchLower Target$19.00N/A
11/10/2022OppenheimerLower Target$26.00 ➝ $16.00Low
11/9/2022DA DavidsonLower TargetNeutral$30.00 ➝ $11.50Low
11/9/2022BTIG ResearchLower Target$25.00 ➝ $19.00Low
11/9/2022Truist FinancialLower Target$31.00 ➝ $22.00Low
11/9/2022Needham & Company LLCLower TargetBuy$21.00 ➝ $16.00Low
11/9/2022Royal Bank of CanadaLower TargetOutperform$35.00 ➝ $19.00Low
11/9/2022Raymond JamesLower TargetOutperform$20.00 ➝ $16.00Low
10/18/2022Truist FinancialLower TargetBuy$38.00 ➝ $31.00Low
10/6/2022Jefferies Financial GroupLower TargetBuy$32.00 ➝ $20.00Low
9/30/2022Raymond JamesLower TargetOutperform$28.00 ➝ $20.00Low
9/20/2022BTIG ResearchLower TargetBuy$30.00 ➝ $25.00Low
9/20/2022Needham & Company LLCLower TargetBuy$27.00 ➝ $21.00Low
9/9/2022OppenheimerLower Target$32.00 ➝ $23.00Low
8/15/2022BTIG ResearchLower Target$30.00Low
8/15/2022BenchmarkLower Target$37.00Low
8/9/2022Needham & Company LLCLower TargetBuy$32.00 ➝ $27.00Low
8/9/2022DA DavidsonLower TargetNeutral$34.00 ➝ $30.00Low
8/9/2022OppenheimerLower TargetBuy$38.00 ➝ $32.00Low
8/9/2022Royal Bank of CanadaLower TargetOutperform$45.00 ➝ $35.00Low
8/9/2022Raymond JamesLower TargetOutperform$34.00 ➝ $28.00Low
8/9/2022Truist FinancialLower TargetBuy$44.00 ➝ $38.00Low
7/25/2022Truist FinancialLower TargetBuy$53.00 ➝ $44.00Low
7/5/2022Needham & Company LLCLower TargetBuy$40.00 ➝ $32.00N/A
6/30/2022JMP SecuritiesInitiated CoverageMarket PerformLow
6/21/2022Needham & Company LLCReiterated RatingBuy$40.00Low
6/21/2022BTIG ResearchLower TargetBuy$40.00 ➝ $33.00Low
5/26/2022BTIG ResearchLower Target$40.00Low
5/24/2022Needham & Company LLCReiterated RatingBuy$40.00Low
5/10/2022Royal Bank of CanadaLower Target$56.00 ➝ $45.00High
5/10/2022Needham & Company LLCLower Target$52.00 ➝ $40.00High
5/10/2022BenchmarkLower Target$63.00 ➝ $50.00High
5/10/2022BTIG ResearchLower Target$49.00 ➝ $43.00High
5/10/2022Raymond JamesLower Target$52.00 ➝ $34.00High
5/10/2022OppenheimerLower Target$45.00 ➝ $38.00High
3/30/2022Piper SandlerBoost TargetNeutral$35.00 ➝ $40.00Medium
3/10/2022Royal Bank of CanadaBoost TargetOutperform$48.00 ➝ $56.00High
3/4/2022DA DavidsonBoost TargetNeutral$42.00 ➝ $52.00Medium
2/28/2022Truist FinancialBoost Target$44.00 ➝ $58.00High
2/28/2022Raymond JamesBoost TargetOutperform$41.00 ➝ $52.00High
2/25/2022Needham & Company LLCBoost TargetBuy$46.00 ➝ $52.00High
2/2/2022Northcoast ResearchInitiated CoverageBuy$43.00High
1/24/2022Needham & Company LLCReiterated RatingBuy$46.00High
1/7/2022Jefferies Financial GroupUpgradeHold ➝ Buy$42.00 ➝ $45.00Medium
11/15/2021DA DavidsonBoost TargetNeutral$31.00 ➝ $42.00Medium
11/10/2021BenchmarkBoost TargetBuy$59.00 ➝ $63.00High
11/10/2021BTIG ResearchBoost TargetBuy$36.00 ➝ $43.00High
11/10/2021Raymond JamesBoost TargetOutperform$38.00 ➝ $41.00Low
11/10/2021Needham & Company LLCBoost TargetBuy$38.00 ➝ $46.00Low
11/10/2021Royal Bank of CanadaBoost TargetPositive ➝ Outperform$40.00 ➝ $48.00Low
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 TargetOutperform$34.00 ➝ $38.00Medium
8/6/2021Royal Bank of CanadaBoost 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 TargetPositive ➝ Hold$32.00 ➝ $27.00High
2/12/2021Needham & Company LLCReiterated RatingHoldLow
2/12/2021BenchmarkBoost TargetBuy$35.00 ➝ $40.00Low
2/12/2021DA DavidsonDowngradeBuy ➝ Neutral$35.00 ➝ $33.00Low
1/25/2021The Goldman Sachs GroupBoost TargetBuy$33.00 ➝ $40.00High
12/14/2020BTIG ResearchBoost 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 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 TargetOutperform$30.00 ➝ $32.00Medium
6/11/2020SunTrust BanksBoost TargetBuy$33.00 ➝ $35.00High
6/1/2020DA DavidsonReiterated RatingBuy$31.00Low
5/27/2020OppenheimerReiterated RatingBuy$31.00High
5/12/2020DA DavidsonLower TargetPositive ➝ Buy$40.00 ➝ $31.00Medium
5/11/2020SunTrust BanksReiterated RatingBuy$33.00Low
5/11/2020Royal Bank of CanadaBoost TargetSector Perform$22.00 ➝ $25.00High
5/11/2020CitigroupDowngradeBuy ➝ Neutral$28.00High
5/8/2020BenchmarkLower TargetBuy$35.00 ➝ $32.00High
4/20/2020OppenheimerLower TargetOutperform$36.00 ➝ $24.00Low
4/17/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$25.00 ➝ $22.00High
4/13/2020JMP SecuritiesLower TargetOutperform$43.00 ➝ $30.00Low
3/31/2020SunTrust BanksLower TargetBuy$41.00 ➝ $33.00Medium
3/27/2020CitigroupLower TargetBuy$32.00 ➝ $28.00High
3/17/2020BTIG ResearchUpgradeNeutral ➝ Buy$23.00High
2/24/2020SunTrust BanksLower TargetPositive ➝ Buy$55.00 ➝ $41.00Low
2/19/2020Royal Bank of CanadaReiterated RatingBuy$34.00Low
2/16/2020Needham & Company LLCReiterated RatingHoldHigh
2/14/2020BenchmarkLower 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 TargetOutperform$50.00Low
9/12/2019Needham & Company LLCInitiated CoverageHoldHigh
8/7/2019JMP SecuritiesLower 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 TargetBuy$48.00Low
3/26/2019DA DavidsonSet TargetBuy$54.00Low
3/18/2019The Goldman Sachs GroupUpgradeNeutral ➝ Buy$43.00 ➝ $48.00Low
3/1/2019BenchmarkReiterated RatingBuy$50.00High
3/1/2019CitigroupBoost 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 TargetOutperform ➝ Outperform$55.00 ➝ $59.00High
8/8/2018BenchmarkBoost TargetBuy$44.00 ➝ $50.00Medium
8/8/2018DA DavidsonSet TargetBuy$53.00High
8/8/2018Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$33.00High
8/8/2018JMP SecuritiesUpgradeMarket Perform ➝ Outperform$55.00High
5/6/2018BenchmarkBoost 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
(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

Skip to Current Sentiment Summary
  • 6 very positive mentions
  • 28 positive mentions
  • 3 negative mentions
  • 2 very negative mentions
8/28/2022
  • 3 very positive mentions
  • 11 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
9/27/2022
  • 7 very positive mentions
  • 15 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
10/27/2022
  • 3 very positive mentions
  • 8 positive mentions
  • 4 negative mentions
  • 2 very negative mentions
11/26/2022
  • 6 very positive mentions
  • 6 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
12/26/2022
  • 4 very positive mentions
  • 4 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
1/25/2023
  • 6 very positive mentions
  • 4 positive mentions
  • 2 negative mentions
  • 0 very negative mentions
2/24/2023
  • 14 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
3/26/2023

Current Sentiment

  • 14 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
CarGurus logo
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.
Read More

Today's Range

Now: $18.63
Low: $18.21
High: $18.64

50 Day Range

MA: $17.18
Low: $15.81
High: $18.63

52 Week Range

Now: $18.63
Low: $9.14
High: $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.