CarGurus, Inc. (CARG)

CarGurus Stock Forecast

Stock Price Forecast

The 11 analysts with 12-month price forecasts for CarGurus stock have an average target of 37.86, with a low estimate of 27 and a high estimate of 46. The average target predicts an increase of 6.29% from the current stock price of 35.62.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$27	$37.86	$39	$46
Change	-24.20%	+6.29%	+9.49%	+29.14%

Analyst Ratings

The average analyst rating for CarGurus stock from 11 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	4	3	3	3	4	4
Buy	4	4	4	4	4	4
Hold	3	3	3	3	3	3
Sell	1	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	10	10	10	11	11

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Nicholas Jones JMP Securities	JMP Securities	Buy Maintains $41 → $46	Buy	Maintains	$41 → $46	+29.14%	Nov 22, 2024
Brad Erickson RBC Capital	RBC Capital	Buy Maintains $30 → $42	Buy	Maintains	$30 → $42	+17.91%	Nov 11, 2024
Naved Khan B. Riley Securities	B. Riley Securities	Strong Buy Maintains $30 → $40	Strong Buy	Maintains	$30 → $40	+12.30%	Nov 11, 2024
Nicholas Jones JMP Securities	JMP Securities	Buy Maintains $32 → $41	Buy	Maintains	$32 → $41	+15.10%	Nov 11, 2024
Chris Pierce Needham	Needham	Strong Buy Maintains $27 → $39	Strong Buy	Maintains	$27 → $39	+9.49%	Nov 8, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

903.96M

Decreased by -1.12%

from 914.24M

Revenue Next Year

982.41M

Increased by 8.68%

from 903.96M

EPS This Year

1.67

Increased by 765.46%

from 0.19

EPS Next Year

1.92

Increased by 14.92%

from 1.67

Fiscal Year	FY 2019	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026
Period Ending	Dec 31, 2019	Dec 31, 2020	Dec 31, 2021	Dec 31, 2022	Dec 31, 2023	Dec 31, 2024	Dec 31, 2025	Dec 31, 2026
Revenue	588.92M	551.45M	951.37M	1.66B	914.24M	903.96M	982.41M	1.06B
Revenue Growth	29.69%	-6.36%	72.52%	73.96%	-44.76%	-1.12%	8.68%	8.10%
EPS	0.37	0.68	-0.00	0.62	0.19	1.67	1.92	2.27
EPS Growth	-35.09%	83.78%	-	-	-68.65%	765.46%	14.92%	18.05%
Forward PE	-	-	-	-	-	21.31	18.54	15.71
No. Analysts	-	-	-	-	-	16	16	11

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	948.8M	1.0B	1.2B
Avg	904.0M	982.4M	1.1B
Low	854.4M	885.9M	925.1M

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	3.8%	14.7%	19.2%
Avg	-1.1%	8.7%	8.1%
Low	-6.5%	-2.0%	-5.8%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	1.94	2.58	2.74
Avg	1.67	1.92	2.27
Low	1.52	1.67	1.89

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	902.6%	54.5%	42.7%
Avg	765.5%	14.9%	18.1%
Low	686.5%	-0.3%	-1.6%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.