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CarGurus - CARG Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $37.86
  • Forecasted Upside: 5.09%
  • Number of Analysts: 11
  • Breakdown:
  • 0 Sell Ratings
  • 2 Hold Ratings
  • 8 Buy Ratings
  • 1 Strong Buy Ratings
$36.03 As of 12/20/2024 06:31 PM ET
▼ -0.05 (-0.14%)

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 $37.86
▲ +5.09% 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 $37.86, with a high forecast of $46.00 and a low forecast of $27.00. The average price target represents a 5.09% upside from the last price of $36.03.

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 Moderate Buy

The current consensus among 11 investment analysts is to moderate buy stock in CarGurus. This Moderate 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
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
6/30/2023
  • 0 strong buy ratings
  • 8 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
9/28/2023
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 1 sell ratings
Ratings as of
12/27/2023
  • 0 strong buy ratings
  • 5 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
3/26/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
6/24/2024
  • 0 strong buy ratings
  • 7 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
9/22/2024
  • 1 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
11/21/2024
  • 1 strong buy ratings
  • 8 buy ratings
  • 2 hold ratings
  • 0 sell ratings
Ratings as of
12/21/2024

Latest Recommendations

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

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/16/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$46.00 ➝ $46.00
11/22/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$41.00 ➝ $46.00
11/11/2024CitigroupUpgradeHold ➝ Strong-Buy
11/11/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$30.00 ➝ $42.00
11/11/2024B. RileyBoost TargetBuy ➝ Buy$30.00 ➝ $40.00
11/11/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$32.00 ➝ $41.00
11/8/2024Needham & Company LLCBoost TargetBuy ➝ Buy$27.00 ➝ $39.00
11/8/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$36.00 ➝ $40.00
11/8/2024OppenheimerBoost TargetOutperform ➝ Outperform$32.00 ➝ $44.00
11/8/2024DA DavidsonBoost TargetNeutral ➝ Neutral$26.50 ➝ $38.50
10/22/2024BTIG ResearchBoost TargetBuy ➝ Buy$30.00 ➝ $35.00
10/22/2024Jefferies Financial GroupBoost TargetBuy ➝ Buy$35.00 ➝ $38.00
9/10/2024DA DavidsonReiterated RatingNeutral ➝ Neutral$26.50 ➝ $26.50
9/9/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$32.00 ➝ $32.00
8/12/2024JMP SecuritiesBoost TargetMarket Outperform ➝ Market Outperform$30.00 ➝ $32.00
8/12/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$29.00 ➝ $32.00
8/9/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$27.00 ➝ $30.00
8/9/2024B. RileyBoost TargetBuy ➝ Buy$28.00 ➝ $30.00
8/9/2024BTIG ResearchBoost TargetBuy ➝ Buy$28.00 ➝ $30.00
8/9/2024OppenheimerBoost TargetOutperform ➝ Outperform$30.00 ➝ $32.00
8/9/2024Needham & Company LLCBoost TargetBuy ➝ Buy$25.00 ➝ $27.00
7/10/2024JMP SecuritiesReiterated RatingMarket Outperform ➝ Market Outperform$30.00 ➝ $30.00
7/3/2024CitigroupBoost TargetNeutral ➝ Neutral$24.00 ➝ $27.00
6/7/2024JMP SecuritiesUpgradeMarket Perform ➝ Outperform$30.00
5/13/2024DA DavidsonBoost TargetNeutral ➝ Neutral$22.00 ➝ $25.50
5/10/2024JPMorgan Chase & Co.Boost TargetOverweight ➝ Overweight$27.00 ➝ $29.00
5/10/2024Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$26.00 ➝ $27.00
5/10/2024Needham & Company LLCBoost TargetBuy ➝ Buy$24.00 ➝ $25.00
4/17/2024JMP SecuritiesReiterated RatingMarket Perform
3/15/2024UBS GroupBoost TargetNeutral ➝ Neutral$26.00 ➝ $27.00
2/27/2024OppenheimerBoost TargetOutperform ➝ Outperform$26.00 ➝ $30.00
2/27/2024Needham & Company LLCBoost TargetBuy ➝ Buy$22.00 ➝ $24.00
1/16/2024UBS GroupBoost TargetNeutral ➝ Neutral$22.00 ➝ $26.00
11/8/2023Needham & Company LLCReiterated RatingBuy ➝ Buy$22.00
9/15/2023UBS GroupInitiated CoverageNeutral$21.00
8/14/2023JPMorgan Chase & Co.Lower TargetOverweight ➝ Overweight$29.00 ➝ $27.00
8/11/2023DA DavidsonBoost TargetNeutral ➝ Neutral$20.00 ➝ $21.00
8/10/2023Needham & Company LLCBoost TargetBuy ➝ Buy$20.00 ➝ $22.00
8/1/2023CitigroupBoost TargetNeutral ➝ Neutral$18.00 ➝ $24.00
7/25/2023Jefferies Financial GroupBoost TargetBuy$24.00 ➝ $27.00
7/19/2023B. RileyInitiated CoverageBuy$28.00
7/5/2023Piper SandlerBoost Target$12.00 ➝ $15.00
6/29/2023BTIG ResearchBoost Target$22.00 ➝ $26.00
6/27/2023JPMorgan Chase & Co.Initiated CoverageOverweight$29.00
5/12/2023OppenheimerBoost Target$21.00 ➝ $24.00
5/10/2023DA DavidsonBoost Target$18.00 ➝ $20.00
3/3/2023DA DavidsonBoost TargetNeutral$11.50 ➝ $18.00
3/1/2023Royal Bank of CanadaBoost TargetOutperform$19.00 ➝ $22.00
3/1/2023Needham & Company LLCReiterated RatingBuy$20.00
3/1/2023OppenheimerBoost TargetOutperform$16.00 ➝ $21.00
3/1/2023Raymond JamesBoost TargetOutperform$16.00 ➝ $20.00
3/1/2023CitigroupBoost TargetNeutral$14.00 ➝ $18.00
2/16/2023Piper SandlerDowngradeNeutral ➝ Underweight$12.00
12/13/2022CitigroupInitiated CoverageNeutral$14.00
11/15/2022DA DavidsonLower Target$11.50
11/15/2022BTIG ResearchLower Target$19.00
11/10/2022OppenheimerLower Target$26.00 ➝ $16.00
11/9/2022DA DavidsonLower TargetNeutral$30.00 ➝ $11.50
11/9/2022BTIG ResearchLower Target$25.00 ➝ $19.00
11/9/2022Truist FinancialLower Target$31.00 ➝ $22.00
11/9/2022Needham & Company LLCLower TargetBuy$21.00 ➝ $16.00
11/9/2022Royal Bank of CanadaLower TargetOutperform$35.00 ➝ $19.00
11/9/2022Raymond JamesLower TargetOutperform$20.00 ➝ $16.00
10/18/2022Truist FinancialLower TargetBuy$38.00 ➝ $31.00
10/6/2022Jefferies Financial GroupLower TargetBuy$32.00 ➝ $20.00
9/30/2022Raymond JamesLower TargetOutperform$28.00 ➝ $20.00
9/20/2022BTIG ResearchLower TargetBuy$30.00 ➝ $25.00
9/20/2022Needham & Company LLCLower TargetBuy$27.00 ➝ $21.00
9/9/2022OppenheimerLower Target$32.00 ➝ $23.00
8/15/2022BTIG ResearchLower Target$30.00
8/15/2022BenchmarkLower Target$37.00
8/9/2022Needham & Company LLCLower TargetBuy$32.00 ➝ $27.00
8/9/2022DA DavidsonLower TargetNeutral$34.00 ➝ $30.00
8/9/2022OppenheimerLower TargetBuy$38.00 ➝ $32.00
8/9/2022Royal Bank of CanadaLower TargetOutperform$45.00 ➝ $35.00
8/9/2022Raymond JamesLower TargetOutperform$34.00 ➝ $28.00
8/9/2022Truist FinancialLower TargetBuy$44.00 ➝ $38.00
7/25/2022Truist FinancialLower TargetBuy$53.00 ➝ $44.00
7/5/2022Needham & Company LLCLower TargetBuy$40.00 ➝ $32.00
6/30/2022JMP SecuritiesInitiated CoverageMarket Perform
6/21/2022Needham & Company LLCReiterated RatingBuy$40.00
6/21/2022BTIG ResearchLower TargetBuy$40.00 ➝ $33.00
5/26/2022BTIG ResearchLower Target$40.00
5/24/2022Needham & Company LLCReiterated RatingBuy$40.00
5/10/2022Royal Bank of CanadaLower Target$56.00 ➝ $45.00
5/10/2022Needham & Company LLCLower Target$52.00 ➝ $40.00
5/10/2022BenchmarkLower Target$63.00 ➝ $50.00
5/10/2022BTIG ResearchLower Target$49.00 ➝ $43.00
5/10/2022Raymond JamesLower Target$52.00 ➝ $34.00
5/10/2022OppenheimerLower Target$45.00 ➝ $38.00
3/30/2022Piper SandlerBoost TargetNeutral$35.00 ➝ $40.00
3/10/2022Royal Bank of CanadaBoost TargetOutperform$48.00 ➝ $56.00
3/4/2022DA DavidsonBoost TargetNeutral$42.00 ➝ $52.00
2/28/2022Truist FinancialBoost Target$44.00 ➝ $58.00
2/28/2022Raymond JamesBoost TargetOutperform$41.00 ➝ $52.00
2/25/2022Needham & Company LLCBoost TargetBuy$46.00 ➝ $52.00
2/2/2022Northcoast ResearchInitiated CoverageBuy$43.00
1/24/2022Needham & Company LLCReiterated RatingBuy$46.00
1/7/2022Jefferies Financial GroupUpgradeHold ➝ Buy$42.00 ➝ $45.00
11/15/2021DA DavidsonBoost TargetNeutral$31.00 ➝ $42.00
11/10/2021BenchmarkBoost TargetBuy$59.00 ➝ $63.00
11/10/2021BTIG ResearchBoost TargetBuy$36.00 ➝ $43.00
11/10/2021Raymond JamesBoost TargetOutperform$38.00 ➝ $41.00
11/10/2021Needham & Company LLCBoost TargetBuy$38.00 ➝ $46.00
11/10/2021Royal Bank of CanadaBoost TargetPositive ➝ Outperform$40.00 ➝ $48.00
8/26/2021Needham & Company LLCReiterated RatingBuy$38.00
8/26/2021Royal Bank of CanadaUpgradeSector Perform ➝ Outperform$34.00 ➝ $40.00
8/12/2021Needham & Company LLCUpgradeHold ➝ Buy$38.00
8/6/2021Raymond JamesBoost TargetOutperform$34.00 ➝ $38.00
8/6/2021Royal Bank of CanadaBoost TargetSector Perform$30.00 ➝ $34.00
5/21/2021OppenheimerInitiated CoverageBuy$38.00
5/7/2021BTIG ResearchReiterated RatingBuy$35.00
4/14/2021Raymond JamesUpgradeMarket Perform ➝ Outperform$34.00
4/8/2021Raymond JamesUpgradeMarket Perform ➝ Outperform$34.00 ➝ $34.00
3/24/2021Jefferies Financial GroupLower TargetPositive ➝ Hold$32.00 ➝ $27.00
2/12/2021Needham & Company LLCReiterated RatingHold
2/12/2021BenchmarkBoost TargetBuy$35.00 ➝ $40.00
2/12/2021DA DavidsonDowngradeBuy ➝ Neutral$35.00 ➝ $33.00
1/25/2021The Goldman Sachs GroupBoost TargetBuy$33.00 ➝ $40.00
12/14/2020BTIG ResearchBoost TargetBuy$28.00 ➝ $34.00
12/4/2020Jefferies Financial GroupInitiated CoverageHold$26.00
11/6/2020OppenheimerReiterated RatingBuy$34.00
10/23/2020BTIG ResearchUpgradeNeutral ➝ Buy$26.00
8/7/2020Needham & Company LLCReiterated RatingHold
8/7/2020BTIG ResearchDowngradeBuy ➝ Neutral
8/5/2020BenchmarkBoost TargetBuy$32.00 ➝ $35.00
7/27/2020Piper SandlerInitiated CoverageNeutral$27.00
7/16/2020OppenheimerInitiated CoverageBuy$31.00
7/8/2020OppenheimerInitiated CoverageBuy$31.00
6/18/2020JMP SecuritiesBoost TargetOutperform$30.00 ➝ $32.00
6/11/2020SunTrust BanksBoost TargetBuy$33.00 ➝ $35.00
6/1/2020DA DavidsonReiterated RatingBuy$31.00
5/27/2020OppenheimerReiterated RatingBuy$31.00
5/12/2020DA DavidsonLower TargetPositive ➝ Buy$40.00 ➝ $31.00
5/11/2020SunTrust BanksReiterated RatingBuy$33.00
5/11/2020Royal Bank of CanadaBoost TargetSector Perform$22.00 ➝ $25.00
5/11/2020CitigroupDowngradeBuy ➝ Neutral$28.00
5/8/2020BenchmarkLower TargetBuy$35.00 ➝ $32.00
4/20/2020OppenheimerLower TargetOutperform$36.00 ➝ $24.00
4/17/2020Royal Bank of CanadaDowngradeOutperform ➝ Sector Perform$25.00 ➝ $22.00
4/13/2020JMP SecuritiesLower TargetOutperform$43.00 ➝ $30.00
3/31/2020SunTrust BanksLower TargetBuy$41.00 ➝ $33.00
3/27/2020CitigroupLower TargetBuy$32.00 ➝ $28.00
3/17/2020BTIG ResearchUpgradeNeutral ➝ Buy$23.00
2/24/2020SunTrust BanksLower TargetPositive ➝ Buy$55.00 ➝ $41.00
2/19/2020Royal Bank of CanadaReiterated RatingBuy$34.00
2/16/2020Needham & Company LLCReiterated RatingHold
2/14/2020BenchmarkLower TargetBuy$51.00 ➝ $42.00
2/14/2020BTIG ResearchDowngradeBuy ➝ Neutral
2/10/2020SunTrust BanksReiterated RatingBuy$54.00 ➝ $55.00
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.24 (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
  • 14 very positive mentions
  • 19 positive mentions
  • 3 negative mentions
  • 1 very negative mentions
Mentions as of
5/24/2024
  • 13 very positive mentions
  • 11 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/23/2024
  • 13 very positive mentions
  • 6 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/23/2024
  • 14 very positive mentions
  • 43 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
8/22/2024
  • 16 very positive mentions
  • 18 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
9/21/2024
  • 16 very positive mentions
  • 20 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
10/21/2024
  • 13 very positive mentions
  • 22 positive mentions
  • 3 negative mentions
  • 0 very negative mentions
Mentions as of
11/20/2024
  • 32 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
12/20/2024

Current Sentiment

  • 32 very positive mentions
  • 12 positive mentions
  • 0 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

  • No negative mentions tracked during this time.

Positive

Very Positive

CarGurus logo
CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers. It also offers dealer and non-dealer advertising products for its websites and social media platforms. The company operates online marketplaces under the CarGurus brand in the United States, Canada, and the United Kingdom; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.
Read More

Today's Range

Now: $36.03
Low: $35.56
High: $36.60

50 Day Range

MA: $34.94
Low: $31.02
High: $38.78

52 Week Range

Now: $36.03
Low: $21.18
High: $39.10

Volume

1,750,333 shs

Average Volume

814,025 shs

Market Capitalization

$3.74 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: B. Riley, BTIG Research, Citigroup Inc., DA Davidson, Jefferies Financial Group Inc., JMP Securities, JPMorgan Chase & Co., Needham & Company LLC, Oppenheimer Holdings Inc., Royal Bank of Canada, and UBS Group AG.
View the latest analyst ratings for CARG.

What is the current price target for CarGurus?

0 Wall Street analysts have set twelve-month price targets for CarGurus in the last year. Their average twelve-month price target is $37.86, suggesting a possible upside of 5.1%. JMP Securities has the highest price target set, predicting CARG will reach $46.00 in the next twelve months. UBS Group AG has the lowest price target set, forecasting a price of $27.00 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 2 hold ratings, 8 buy ratings and 1 strong buy rating from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CARG.

What other companies compete with CarGurus?

Other companies that are similar to CarGurus include FTAI Aviation, Rentokil Initial, WPP, Allegion and Maplebear. 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.