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
Target Low Average Median High
Price $15 $24.5 $26 $30
Change -35.01% +6.15% +12.65% +29.98%

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 '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 444444
Buy 444444
Hold 333333
Sell 111111
Strong Sell 000000
Total 121212121212

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
More Analyst Ratings

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%
Year 2019202020212022202320242025202620272028
Revenue
588.92M551.45M951.37M1.66B914.24M936.97M1.03B1.17B1.46B1.83B
Revenue Growth
29.69%-6.36%72.52%73.96%-44.76%2.49%10.04%13.19%25.02%25.36%
EPS
0.370.68-0.620.191.271.521.873.333.98
EPS Growth
-35.09%83.78%---69.35%566.76%20.34%22.73%77.71%19.63%
No. Analysts -----1616733
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.