CarGurus Inc (CARG)
NASDAQ:CARG

CarGurus (CARG) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

CARG Analyst Ratings

Strong Buy
9Ratings
7 Buy
2 Hold
0 Sell
Based on 9 analysts giving stock ratings to
CarGurus
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

CARG Stock 12 Months Forecast

Average Price Target

$17.44
▲(33.33% Upside)
Based on 9 Wall Street analysts offering 12 month price targets for CarGurus in the last 3 months. The average price target is $17.44 with a high forecast of $22.00 and a low forecast of $11.50. The average price target represents a 33.33% change from the last price of $13.08.
Highest Price Target$22.00Average Price Target$17.44Lowest Price Target$11.50
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
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Piper Sandler
$40.00
Hold
205.81%
Upside
Reiterated
CarGurus price target raised to $40 from $35 at Piper SandlerCarGurus price target raised to $40 from $35 at Piper Sandler
Northcoast Research Analyst forecast on CARG
David Hicks CFA
Not Ranked
Northcoast Research
$43.00
Buy
228.75%
Upside
Initiated
CarGurus (CARG) initiated with a Buy at NorthcoastNorthcoast analyst David Hicks initiated coverage of CarGurus with a Buy rating and $43 price target.
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CARG Financial Forecast

CARG Earnings Forecast
Next quarter’s earnings estimate for CARG is $0.13 with a range of $0.09 to $0.16. The previous quarter’s EPS was $0.21. CARG beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.75% of the time in the same period. In the last calendar year CARG has Outperformed its overall industry.
Next quarter’s earnings estimate for CARG is $0.13 with a range of $0.09 to $0.16. The previous quarter’s EPS was $0.21. CARG beat its EPS estimate 75.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.75% of the time in the same period. In the last calendar year CARG has Outperformed its overall industry.
CARG Sales Forecast
Next quarter’s sales forecast for CARG is $281.44M with a range of $269.96M to $289.28M. The previous quarter’s sales results were $426.45M. CARG beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 67.17% of the time in the same period. In the last calendar year CARG has Outperformed its overall industry.
Next quarter’s sales forecast for CARG is $281.44M with a range of $269.96M to $289.28M. The previous quarter’s sales results were $426.45M. CARG beat its sales estimates 75.00% of the time in past 12 months, while its overall industry beat sales estimates 67.17% of the time in the same period. In the last calendar year CARG has Outperformed its overall industry.
CARG Analyst Recommendation Trends
In the current month, CARG has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CARG average analyst price target in the past 3 months is $17.44
In the current month, CARG has received 0 Buy ratings 0 Hold ratings, and 0 Sell ratings. The CARG average analyst price target in the past 3 months is $17.44

CARG Stock Forecast FAQ

What is CARG’s average 12-month price target, according to analysts?
Based on analyst ratings, CarGurus’s 12-month average price target is $17.44.
    What is CARG’s upside potential, based on the analysts’ average price target?
    CarGurus has 33.33% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is CARG a Buy, Sell or Hold?
          CarGurus has a conensus rating of Strong Buy which is based on 7 buy ratings, 2 hold ratings and 0 sell ratings.
            What is CarGurus’s price target?
            The average price target for CarGurus is $17.44. This is based on 9 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $22.00 ,the lowest forecast is $11.50. The average price target represents 33.33% Increase from the current price of $13.08.
              What do analysts say about CarGurus?
              CarGurus’s analyst rating consensus is a ‘Strong Buy. This is based on the ratings of 9 Wall Streets Analysts.

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