NASDAQ:CARG - CarGurus Stock Price Target and Predictions

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

Consensus Rating: Buy
Consensus Price Target: $32.50
Forecasted Upside: 18.83 %
Number of Analysts: 13
Breakdown:
0 Sell Ratings
6 Hold Ratings
7 Buy Ratings
0 Strong Buy Ratings

^$27.35 As of 05/7/2021 01:00 AM ET

▲ +3.27 (13.58%)

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

i We calculate consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). Our consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. Our consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

^$32.50

▲ +18.83% Upside Potential

This price target is based on 13 analysts offering 12 month price targets for CarGurus in the last 3 months. The average price target is $32.50, with a high forecast of $40.00 and a low forecast of $25.00. The average price target represents a 18.83% upside from the last price of $27.35.

Buy

The current consensus among 13 investment analysts is to buy stock in CarGurus. This rating has held steady since January 2021, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

0 strong buy ratings
8 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

11/16/2019

0 strong buy ratings
6 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

2/14/2020

0 strong buy ratings
6 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

5/14/2020

0 strong buy ratings
5 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

8/12/2020

0 strong buy ratings
5 buy ratings
5 hold ratings
0 sell ratings

Ratings as of

11/10/2020

0 strong buy ratings
6 buy ratings
6 hold ratings
0 sell ratings

Ratings as of

2/8/2021

0 strong buy ratings
7 buy ratings
6 hold ratings
0 sell ratings

Ratings as of

4/9/2021

0 strong buy ratings
7 buy ratings
6 hold ratings
0 sell ratings

Ratings as of

5/9/2021

Latest Recommendations

Show Most Recent Rating from Each Ratings Firm Show All Ratings

Date	Brokerage	Action	Rating	Price Target	Impact on Share Price	Details
5/7/2021	BTIG Research	Reiterated Rating	Buy	$35.00	N/A	i Rating by Marvin Fong at BTIG Research
4/14/2021	Raymond James	Upgrade	Market Perform ➝ Outperform	$34.00	Medium	i
4/8/2021	Raymond James	Upgrade	Market Perform ➝ Outperform	$34.00 ➝ $34.00	Low	i
3/24/2021	Jefferies Financial Group	Lower Price Target	Positive ➝ Hold	$32.00 ➝ $27.00	High	i
2/12/2021	Needham & Company LLC	Reiterated Rating	Hold		Low	i
2/12/2021	Benchmark	Boost Price Target	Buy	$35.00 ➝ $40.00	Low	i
2/12/2021	DA Davidson	Downgrade	Buy ➝ Neutral	$35.00 ➝ $33.00	Low	i
1/25/2021	The Goldman Sachs Group	Boost Price Target	Buy	$33.00 ➝ $40.00	High	i
12/14/2020	BTIG Research	Boost Price Target	Buy	$28.00 ➝ $34.00	High	i
12/4/2020	Jefferies Financial Group	Initiated Coverage	Hold	$26.00	High	i
11/6/2020	Oppenheimer	Reiterated Rating	Buy	$34.00	High	i Rating by Jed Kelly at Oppenheimer Holdings Inc.
10/23/2020	BTIG Research	Upgrade	Neutral ➝ Buy	$26.00	Low	i
8/7/2020	Needham & Company LLC	Reiterated Rating	Hold		High	i
8/7/2020	BTIG Research	Downgrade	Buy ➝ Neutral		Low	i Rating by Marvin Fong at BTIG Research
8/5/2020	Benchmark	Boost Price Target	Buy	$32.00 ➝ $35.00	Medium	i
7/27/2020	Piper Sandler	Initiated Coverage	Neutral	$27.00	Low	i
7/16/2020	Oppenheimer	Initiated Coverage	Buy	$31.00	Low	i Rating by Jed Kelly at Oppenheimer Holdings Inc.
7/8/2020	Oppenheimer	Initiated Coverage	Buy	$31.00	Medium	i Rating by Jed Kelly at Oppenheimer Holdings Inc.
6/18/2020	JMP Securities	Boost Price Target	Outperform	$30.00 ➝ $32.00	Medium	i
6/11/2020	SunTrust Banks	Boost Price Target	Buy	$33.00 ➝ $35.00	High	i
6/1/2020	DA Davidson	Reiterated Rating	Buy	$31.00	Low	i Rating by Tom White at DA Davidson
5/27/2020	Oppenheimer	Reiterated Rating	Buy	$31.00	High	i
5/12/2020	DA Davidson	Lower Price Target	Positive ➝ Buy	$40.00 ➝ $31.00	Medium	i
5/11/2020	SunTrust Banks	Reiterated Rating	Buy	$33.00	Low	i
5/11/2020	Royal Bank of Canada	Boost Price Target	Sector Perform	$22.00 ➝ $25.00	High	i
5/11/2020	Citigroup	Downgrade	Buy ➝ Neutral	$28.00	High	i
5/8/2020	Benchmark	Lower Price Target	Buy	$35.00 ➝ $32.00	High	i
4/20/2020	Oppenheimer	Lower Price Target	Outperform	$36.00 ➝ $24.00	Low	i
4/17/2020	Royal Bank of Canada	Downgrade	Outperform ➝ Sector Perform	$25.00 ➝ $22.00	High	i
4/13/2020	JMP Securities	Lower Price Target	Outperform	$43.00 ➝ $30.00	Low	i
3/31/2020	SunTrust Banks	Lower Price Target	Buy	$41.00 ➝ $33.00	Medium	i
3/27/2020	Citigroup	Lower Price Target	Buy	$32.00 ➝ $28.00	High	i
3/17/2020	BTIG Research	Upgrade	Neutral ➝ Buy	$23.00	High	i Rating by Marvin Fong at BTIG Research
2/24/2020	SunTrust Banks	Lower Price Target	Positive ➝ Buy	$55.00 ➝ $41.00	Low	i
2/19/2020	Royal Bank of Canada	Reiterated Rating	Buy	$34.00	Low	i
2/16/2020	Needham & Company LLC	Reiterated Rating	Hold		High	i
2/14/2020	Benchmark	Lower Price Target	Buy	$51.00 ➝ $42.00	High	i
2/14/2020	BTIG Research	Downgrade	Buy ➝ Neutral		High	i
2/10/2020	SunTrust Banks	Reiterated Rating	Buy	$54.00 ➝ $55.00	High	i
11/6/2019	Royal Bank of Canada	Lower Price Target	Outperform	$50.00	Low	i
9/12/2019	Needham & Company LLC	Initiated Coverage	Hold		High	i
8/7/2019	JMP Securities	Lower Price Target	Outperform	$50.00	Medium	i
8/2/2019	Consumer Edge	Initiated Coverage	Overweight ➝ Overweight		Medium	i
6/12/2019	SunTrust Banks	Reiterated Rating	Buy	$54.00	Low	i
5/20/2019	Cowen	Initiated Coverage	Market Perform ➝ Market Perform	$42.00	Medium	i
5/10/2019	Benchmark	Reiterated Rating	Buy	$51.00	High	i
5/9/2019	SunTrust Banks	Reiterated Rating	Buy	$52.00	High	i
4/17/2019	BTIG Research	Lower Price Target	Buy	$48.00	Low	i Rating by Marvin Fong at BTIG Research
3/26/2019	DA Davidson	Set Price Target	Buy	$54.00	Low	i Rating by Tom White at DA Davidson
3/18/2019	The Goldman Sachs Group	Upgrade	Neutral ➝ Buy	$43.00 ➝ $48.00	Low	i
3/1/2019	Benchmark	Reiterated Rating	Buy	$50.00	High	i
3/1/2019	Citigroup	Boost Price Target	Buy ➝ Buy	$45.00 ➝ $52.00	High	i
1/9/2019	CIBC	Initiated Coverage	Outperform ➝ Outperform	$42.00	Low	i
1/8/2019	Oppenheimer	Initiated Coverage	Buy	$42.00	Medium	i Rating by Jed Kelly at Oppenheimer Holdings Inc.
12/7/2018	Citigroup	Initiated Coverage	Buy ➝ Buy	$45.00	High	i
11/19/2018	SunTrust Banks	Initiated Coverage	Buy ➝ Buy	$49.00	Medium	i
11/13/2018	BTIG Research	Initiated Coverage	Buy	$48.00	High	i Rating by Marvin Fong at BTIG Research
11/8/2018	Royal Bank of Canada	Boost Price Target	Outperform ➝ Outperform	$55.00 ➝ $59.00	High	i Rating by Shweta Khajuria at Royal Bank of Canada
8/8/2018	Benchmark	Boost Price Target	Buy	$44.00 ➝ $50.00	Medium	i
8/8/2018	DA Davidson	Set Price Target	Buy	$53.00	High	i Rating by Tom White at DA Davidson
8/8/2018	Royal Bank of Canada	Upgrade	Sector Perform ➝ Outperform	$33.00	High	i
8/8/2018	JMP Securities	Upgrade	Market Perform ➝ Outperform	$55.00	High	i
5/6/2018	Benchmark	Boost Price Target	Buy	$42.00 ➝ $44.00	Medium	i
5/1/2018	DA Davidson	Upgrade	Neutral ➝ Buy	$41.00	Medium	i Rating by Tom White at DA Davidson
4/30/2018	Benchmark	Reiterated Rating	Buy ➝ Buy	$42.00 ➝ $44.00	Medium	i
4/4/2018	DA Davidson	Initiated Coverage	Neutral	$41.00	Low	i Rating by T. White at DA Davidson
3/22/2018	Benchmark	Initiated Coverage	Buy ➝ Buy	$42.00	Low	i
11/15/2017	Royal Bank of Canada	Reiterated Rating	Sector Perform ➝ Sector Perform	$33.00 ➝ $34.00	N/A	i
11/6/2017	William Blair	Initiated Coverage	Sell ➝ Outperform		N/A	i Rating by R. Schackart at William Blair
11/6/2017	Raymond James	Initiated Coverage	Mkt Perform ➝ Market Perform		N/A	i
11/6/2017	Royal Bank of Canada	Initiated Coverage	Sector Perform ➝ Sector Perform	$33.00	N/A	i
11/6/2017	JMP Securities	Initiated Coverage	Mkt Perform ➝ Market Perform		N/A	i
11/6/2017	The Goldman Sachs Group	Initiated Coverage	Neutral ➝ Neutral	$25.00	N/A	i

(Data available from 5/9/2016 forward)

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

Today's Range

Now: $27.35

$25.06

$27.42

50 Day Range

MA: $24.64

$23.21

$25.94

52 Week Range

Now: $27.35

$19.24

$36.54

Volume

4,253,916 shs

Average Volume

1,268,368 shs

Market Capitalization

$3.19 billion

P/E Ratio

47.16

Dividend Yield

N/A

Beta

1.99

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, SunTrust Banks, Inc., 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?

12 Wall Street analysts have set twelve-month price targets for CarGurus in the last year. Their average twelve-month price target is $32.42, suggesting a possible upside of 18.5%. The Goldman Sachs Group, Inc. has the highest price target set, predicting CARG will reach $40.00 in the next twelve months. Royal Bank of Canada has the lowest price target set, forecasting a price of $25.00 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 6 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 Zynga, Autohome, Five9, Proofpoint, Pegasystems, DXC Technology, Globant, Change Healthcare, JOYY, CoreLogic, Skillz, Upwork, Inovalon, Perspecta and LiveRamp.

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.