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NASDAQ:CARG - CarGurus Stock Price Target and Predictions

  • Consensus Rating: Buy
  • Consensus Price Target: $32.18
  • Forecasted Upside: 23.49 %
  • Number of Analysts: 12
  • Breakdown:
  • 0 Sell Ratings
  • 6 Hold Ratings
  • 6 Buy Ratings
  • 0 Strong Buy Ratings
$26.06 As of 02/25/2021 03:31 PM ET
▼ -1.24 (-4.54%)
1 month | 3 months | 12 months
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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.
$32.18
▲ +23.49% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for CarGurus in the last 3 months. The average price target is $32.18, with a high forecast of $40.00 and a low forecast of $25.00. The average price target represents a 23.49% upside from the last price of $26.06.
Buy
The current consensus among 12 polled investment analysts is to buy stock in CarGurus. This rating has held steady since December 2020, 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
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
9/4/2019
  • 0 strong buy ratings
  • 8 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
12/3/2019
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
3/2/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 4 hold ratings
  • 0 sell ratings
Ratings as of
5/31/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
8/29/2020
  • 0 strong buy ratings
  • 5 buy ratings
  • 5 hold ratings
  • 0 sell ratings
Ratings as of
11/27/2020
  • 0 strong buy ratings
  • 6 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
1/26/2021
  • 0 strong buy ratings
  • 6 buy ratings
  • 6 hold ratings
  • 0 sell ratings
Ratings as of
2/25/2021

Latest Recommendations

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

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

Today's Range

Now: $26.06
$25.68
$27.40

50 Day Range

MA: $31.87
$27.48
$35.61

52 Week Range

Now: $26.06
$14.25
$36.54

Volume

74,605 shs

Average Volume

1,204,806 shs

Market Capitalization

$3.04 billion

P/E Ratio

44.93

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, 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?

11 Wall Street analysts have set twelve-month price targets for CarGurus in the last year. Their average twelve-month price target is $32.18, suggesting a possible upside of 23.5%. 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 6 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, Five9, Pegasystems, JOYY, Globant, Proofpoint, Change Healthcare, DXC Technology, CoreLogic, Upwork, Perspecta, LiveRamp, Inovalon, 8X8 and Shutterstock.

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.