CarGurus, Inc. (CARG)
NASDAQ: CARG · IEX Real-Time Price · USD
23.08
+0.08 (0.35%)
Mar 28, 2024, 4:00 PM EDT - Market closed
CarGurus Stock Forecast
Stock Price Forecast
The 12 analysts with 12-month price forecasts for CarGurus stock have an average target of 24.5, with a low estimate of 15 and a high estimate of 30. The average target predicts an increase of 6.15% from the current stock price of 23.08.
Analyst Consensus: Buy
Analyst Ratings
The average analyst rating for CarGurus stock from 12 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 | Oct '23 | Nov '23 | Dec '23 | Jan '24 | Feb '24 | Mar '24 |
---|---|---|---|---|---|---|
Strong Buy | 4 | 4 | 4 | 4 | 4 | 4 |
Buy | 4 | 4 | 4 | 4 | 4 | 4 |
Hold | 3 | 3 | 3 | 3 | 3 | 3 |
Sell | 1 | 1 | 1 | 1 | 1 | 1 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 12 | 12 | 12 | 12 | 12 | 12 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
UBS | UBS | Hold Maintains $26 → $27 | Hold | Maintains | $26 → $27 | +16.98% | Mar 15, 2024 |
Needham | Needham | Strong Buy Maintains $22 → $24 | Strong Buy | Maintains | $22 → $24 | +3.99% | Feb 27, 2024 |
Oppenheimer | Oppenheimer | Buy Maintains $26 → $30 | Buy | Maintains | $26 → $30 | +29.98% | Feb 27, 2024 |
UBS | UBS | Hold Maintains $22 → $26 | Hold | Maintains | $22 → $26 | +12.65% | Jan 16, 2024 |
Needham | Needham | Strong Buy Reiterates $22 | Strong Buy | Reiterates | $22 | -4.68% | Nov 8, 2023 |
Financial Forecast
Revenue This Year
936.97M
from 914.24M
Increased by 2.49%
Revenue Next Year
1.03B
from 936.97M
Increased by 10.04%
EPS This Year
1.27
from 0.19
Increased by 566.76%
EPS Next Year
1.52
from 1.27
Increased by 20.34%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 1.0B | 1.1B | 1.2B | 1.8B | 2.5B |
Avg | 937.0M | 1.0B | 1.2B | 1.5B | 1.8B |
Low | 854.6M | 913.4M | 1.0B | 1.1B | 1.2B |
Revenue Growth
Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 14.3% | 18.7% | 20.2% | 52.1% | 68.4% |
Avg | 2.5% | 10.0% | 13.2% | 25.0% | 25.4% |
Low | -6.5% | -2.5% | 0.5% | -1.6% | -16.2% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 1.53 | 1.91 | 2.31 | 3.42 | 4.10 |
Avg | 1.27 | 1.52 | 1.87 | 3.33 | 3.98 |
Low | 0.79 | 1.12 | 1.52 | 3.19 | 3.82 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
---|---|---|---|---|---|
High | 706.8% | 50.8% | 51.5% | 82.9% | 23.2% |
Avg | 566.8% | 20.3% | 22.7% | 77.7% | 19.6% |
Low | 317.8% | -11.8% | -0.4% | 70.7% | 14.9% |
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.