CarGurus (CARG) Stock Forecast & Price Target

$36.50 +0.73 (+2.04%)

As of 02:13 PM Eastern

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CarGurus - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 15 Analyst Ratings

Sell
0

Hold
7

Buy
8

Based on 15 Wall Street analysts who have issued ratings for CarGurus in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 15 analysts, 7 have given a hold rating, 7 have given a buy rating, and 1 has given a strong buy rating for CARG.

Consensus Price Target

$40.75
11.64% Upside

According to the 15 analysts' twelve-month price targets for CarGurus, the average price target is $40.75. The highest price target for CARG is $45.00, while the lowest price target for CARG is $33.50. The average price target represents a forecasted upside of 11.64% from the current price of $36.50.

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

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CARG Analyst Ratings Over Time

Type	Current Forecast 8/18/25 to 8/18/26	1 Month Ago 7/19/25 to 7/19/26	3 Months Ago 5/20/25 to 5/20/26	1 Year Ago 8/18/24 to 8/18/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)
Hold	7 Hold rating(s)	6 Hold rating(s)	8 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$40.75	$38.05	$38.23	$38.13
Forecasted Upside	11.64% Upside	8.71% Upside	35.51% Upside	17.71% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Moderate Buy

CARG Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

CARG Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

CarGurus Stock vs. The Competition

Type	CarGurus	Communication Services Companies	Broader Market
Consensus Rating Score	2.60	2.05	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	13.92% Upside	84.38% Upside	12.16% Upside
News Sentiment Rating	Positive News See Recent CARG News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/14/2026	Citigroup 4 of 5 stars	Ronald Josey 3 of 5 stars	Boost Target	Neutral	$32.00 ➝ $39.00	+2.79%
8/12/2026	Oppenheimer 3 of 5 stars	Jed Kelly 2 of 5 stars	Boost Target	Outperform	$38.00 ➝ $44.00	+21.61%
8/10/2026	Barclays 3 of 5 stars	John Babcock Not Rated	Boost Target	Overweight	$40.00 ➝ $41.00	+5.16%
8/7/2026	Weiss Ratings Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Hold (C)
8/7/2026	UBS Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Kunal Madhukar Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$37.00 ➝ $40.00	-1.39%
8/7/2026	B. Riley Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Buy
8/7/2026	Royal Bank Of Canada Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Brad Erickson Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Outperform	$35.00 ➝ $42.00	+7.52%
8/7/2026	BTIG Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Marvin Fong Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$40.00 ➝ $41.00	+12.70%
8/7/2026	Needham & Company LLC Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Chris Pierce Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$43.00 ➝ $44.00	+20.95%
6/12/2026	Piper Sandler Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Reiterated Rating	Sector Weight
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6/12/2026	Freedom Capital Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Strong-Buy
5/8/2026	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Rajat Gupta Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Neutral	$36.00 ➝ $38.00	+7.81%
2/20/2026	DA Davidson Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Tom White Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Lower Target	Neutral	$37.50 ➝ $33.50	+14.73%
12/11/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	John Colantuoni Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Boost Target	Buy	$42.00 ➝ $45.00	+20.68%
10/16/2025	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
7/14/2025	Gordon Haskett Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Robert Mollins Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Initiated Coverage	Hold	$35.00	+2.04%
7/2/2025	Citizens Jmp Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Andrew Boone Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Reiterated Rating	Market Outperform ➝ Market Perform	$38.00	+12.63%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:14 PM ET.

CARG Forecast - Frequently Asked Questions

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for CarGurus is $40.75, with a high forecast of $45.00 and a low forecast of $33.50.

15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last twelve months. There are currently 7 hold ratings, 7 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CARG shares.

According to analysts, CarGurus's stock has a predicted upside of 11.64% based on their 12-month stock forecasts.

Over the previous 90 days, CarGurus's stock had 1 upgrade by analysts.

CarGurus has been rated by research analysts at B. Riley Financial, Barclays, BTIG Research, Citigroup, Freedom Capital, Needham & Company LLC, Oppenheimer, Piper Sandler, Royal Bank Of Canada, UBS Group, and Weiss Ratings in the past 90 days.

Analysts like CarGurus more than other "communication services" companies. The consensus rating for CarGurus is Moderate Buy while the average consensus rating for "communication services" companies is Hold. Learn more on how CARG compares to other companies.

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This page (NASDAQ:CARG) was last updated on 8/18/2026 by MarketBeat.com Staff.

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CarGurus (CARG) Stock Forecast & Price Target

CarGurus - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CARG Analyst Ratings Over Time

CARG Analyst Recommendations By Month

CARG Price Targets by Month

CarGurus Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

CARG Forecast - Frequently Asked Questions

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With CarGurus Recommendations

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CarGurus (CARG) Stock Forecast & Price Target

CarGurus - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Consensus Price Target

CARG Analyst Ratings Over Time

CARG Analyst Recommendations By Month

CARG Price Targets by Month

CarGurus Stock vs. The Competition

Recent Analyst Forecasts and Stock Ratings

CARG Forecast - Frequently Asked Questions

What is CarGurus' forecast for 2026?

Should I buy or sell CarGurus stock right now?

Does CarGurus's stock price have much upside?

Has CarGurus been upgraded by Wall Street analysts recently?

What analysts cover CarGurus?

Do Wall Street analysts like CarGurus more than its competitors?

Stock Forecasts and Research Tools

Today's Analyst Ratings

Top-Rated Stocks

More Ratings Tools

Brokerages With CarGurus Recommendations

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools