CarGurus, Inc. (CARG)
NASDAQ: CARG · IEX Real-Time Price · USD
25.82
+0.13 (0.51%)
At close: Jul 19, 2024, 4:00 PM
25.88
+0.06 (0.23%)
Pre-market: Jul 20, 2024, 9:28 AM EDT
CarGurus Stock Forecast
Stock Price Forecast
The 10 analysts with 12-month price forecasts for CarGurus stock have an average target of 27.55, with a low estimate of 25 and a high estimate of 30. The average target predicts an increase of 6.70% from the current stock price of 25.82.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CarGurus stock from 10 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 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 | Jul '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 4 | 4 | 4 | 4 | 4 | 3 |
| Buy | 4 | 4 | 4 | 3 | 4 | 4 |
| Hold | 3 | 3 | 4 | 4 | 3 | 3 |
| Sell | 1 | 1 | 1 | 1 | 1 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 12 | 12 | 13 | 12 | 12 | 10 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| JMP Securities | JMP Securities | Buy Reiterates $30 | Buy | Reiterates | $30 | +16.19% | Jul 10, 2024 |
| Citigroup | Citigroup | Hold Maintains $24 → $27 | Hold | Maintains | $24 → $27 | +4.57% | Jul 3, 2024 |
| JMP Securities | JMP Securities | Hold → Buy Upgrades $30 | Hold → Buy | Upgrades | $30 | +16.19% | Jun 7, 2024 |
| DA Davidson | DA Davidson | Hold Maintains $22 → $26 | Hold | Maintains | $22 → $26 | -1.24% | May 13, 2024 |
| JP Morgan | JP Morgan | Buy Maintains $27 → $29 | Buy | Maintains | $27 → $29 | +12.32% | May 10, 2024 |
Financial Forecast
Revenue This Year
897.51M
from 914.24M
Decreased by -1.83%
Revenue Next Year
986.42M
from 897.51M
Increased by 9.91%
EPS This Year
1.42
from 0.19
Increased by 649.79%
EPS Next Year
1.67
from 1.42
Increased by 17.57%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 952.4M | 1.1B | 1.2B | 1.9B | 2.6B |
| Avg | 897.5M | 986.4M | 1.1B | 1.5B | 1.9B |
| Low | 847.7M | 886.9M | 963.1M | 1.1B | 1.2B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 4.2% | 21.9% | 24.0% | 71.5% | 71.3% |
| Avg | -1.8% | 9.9% | 10.5% | 37.2% | 26.0% |
| Low | -7.3% | -1.2% | -2.4% | 3.7% | -17.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 1.52 | 2.34 | 2.73 | 3.64 | 5.01 |
| Avg | 1.42 | 1.67 | 2.01 | 3.54 | 4.87 |
| Low | 1.29 | 1.38 | 1.39 | 3.40 | 4.67 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 701.3% | 64.4% | 63.0% | 81.0% | 41.5% |
| Avg | 649.8% | 17.6% | 20.2% | 75.8% | 37.5% |
| Low | 580.8% | -3.0% | -16.9% | 68.9% | 32.1% |
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.