S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
S&P 500   4,594.62
DOW   34,899.34
QQQ   391.20
NASDAQ:CARG

CarGurus Price Target, Predictions & Analyst Ratings

$37.14
+1.04 (+2.88%)
(As of 11/26/2021 12:00 AM ET)
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Compare
Today's Range
$35.40
$37.18
50-Day Range
$30.97
$38.94
52-Week Range
$22.63
$39.76
Volume
603,397 shs
Average Volume
1.16 million shs
Market Capitalization
$4.37 billion
P/E Ratio
42.21
Dividend Yield
N/A
Beta
1.81

CarGurus (NASDAQ:CARG) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.

Analyst Rating Consensus

Buy
Based on 9 Analyst Ratings

Analyst Price Target Consensus

$43.11
16.08% Upside

High PT$63.00
Average PT$43.11
Low PT$27.00
TypeCurrent
11/28/20 to 11/28/21
1 Month Ago
10/29/20 to 10/29/21
3 Months Ago
8/30/20 to 8/30/21
1 Year Ago
11/29/19 to 11/28/20
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
7 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
6 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$43.11$36.56$36.56$30.33
Price Target Upside16.08% Upside21.83% Upside21.83% Upside18.88% Upside
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Analyst Ratings 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.
Skip Chart & View Analyst Rating History

Average Share Price and Price Target 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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

CarGurus (NASDAQ:CARG) vs. Its Competitors

TypeCarGurusAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.78
2.50
2.56
Consensus RatingBuyBuyBuy
Price Target Upside16.08% Upside48.12% Upside12.00% Upside
News Sentiment RatingPositive News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
470
66.38%
Underperform Votes
238
33.62%
Avg. Outperform Votes
237
63.88%
Avg. Underperform Votes
134
36.12%
Avg. Outperform Votes
834
69.50%
Avg. Underperform Votes
366
30.50%

CarGurus (NASDAQ:CARG) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/15/2021DA Davidson
Tom White
Boost Price TargetNeutral$31.00 ➝ $42.00+9.01%
11/10/2021Benchmark
Daniel Kurnos
Boost Price TargetBuy$59.00 ➝ $63.00+62.12%
11/10/2021BTIG Research
Boost Price TargetBuy$36.00 ➝ $43.00+9.81%
11/10/2021Raymond James
Boost Price TargetOutperform$38.00 ➝ $41.00+13.89%
11/10/2021Needham & Company LLC
Chris Pierce
Boost Price TargetBuy$38.00 ➝ $46.00+27.78%
11/10/2021Royal Bank of Canada
Brad Erickson
Boost Price TargetPositive ➝ Outperform$40.00 ➝ $48.00+33.33%
5/21/2021Oppenheimer
Jed Kelly
Initiated CoverageBuy$38.00+32.64%
3/24/2021Jefferies Financial Group
Lower Price TargetPositive ➝ Hold$32.00 ➝ $27.00+12.50%
1/25/2021The Goldman Sachs Group
Boost Price TargetBuy$33.00 ➝ $40.00+27.35%
7/27/2020Piper Sandler
Initiated CoverageNeutral$27.00+5.35%
6/18/2020JMP Securities
Boost Price TargetOutperform$30.00 ➝ $32.00+22.32%
6/11/2020SunTrust Banks
Boost Price TargetBuy$33.00 ➝ $35.00+29.39%
5/11/2020Citigroup
DowngradeBuy ➝ Neutral$28.00+8.70%
8/2/2019Consumer Edge
Initiated CoverageOverweight ➝ Overweight
5/20/2019Cowen
Initiated CoverageMarket Perform ➝ Market Perform$42.00+14.22%
1/9/2019CIBC
Initiated CoverageOutperform ➝ Outperform$42.00+16.60%
(Data available from 11/28/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)












CarGurus (NASDAQ:CARG) Analyst Ratings Frequently Asked Questions

What is CarGurus's consensus rating and price target?

According to the issued ratings of 9 analysts in the last year, the consensus rating for CarGurus stock is Buy based on the current 2 hold ratings and 7 buy ratings for CARG. The average twelve-month price target for CarGurus is $43.11 with a high price target of $63.00 and a low price target of $27.00. Learn more on CARG's analyst rating history

Do Wall Street analysts like CarGurus more than its competitors?

Analysts like CarGurus stock more than the stock of other Auto/Tires/Trucks companies. The consensus rating score for CarGurus is 2.78 while the average consensus rating score for auto/tires/trucks companies is 2.50. Learn more on how CARG compares to other companies

Do MarketBeat users like CarGurus more than its competitors?

MarketBeat users like CarGurus stock more than the stock of other Auto/Tires/Trucks companies. 66.38% of MarketBeat users gave CarGurus an outperform vote while auto/tires/trucks companies recieve an average of 63.88% outperform votes by MarketBeat users.

Does CarGurus's stock price have much upside?

According to analysts, CarGurus's stock has a predicted upside of 25.73% based on their 12-month price targets.

What analysts cover CarGurus?

CarGurus has been rated by Benchmark, BTIG Research, DA Davidson, Needham & Company LLC, Raymond James, and Royal Bank of Canada in the past 90 days.

This page was last updated on 11/28/2021 by MarketBeat.com Staff

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