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NVDA   158.27 (-2.72%)
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BABA   75.88 (+0.50%)
AMD   73.19 (-2.60%)
T   18.82 (-1.57%)
MU   55.75 (-4.55%)
CGC   3.40 (-7.10%)
F   13.73 (-2.49%)
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NASDAQ:CARG

CarGurus - CARG Price Target & Analyst Ratings

$12.34
-0.62 (-4.78%)
(As of 11/28/2022 05:16 PM ET)
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Today's Range
$12.26
$12.86
50-Day Range
$12.67
$15.94
52-Week Range
$9.14
$50.03
Volume
1.53 million shs
Average Volume
1.38 million shs
Market Capitalization
$1.47 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.59

CarGurus Consensus Rating and Price Target (2022)

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.

Consensus Analyst Rating

Moderate Buy
Based on 11 Analyst Ratings

Consensus Analyst Price Target

$23.59
91.17% Upside
High Prediction$43.00
Average Prediction$23.59
Low Prediction$11.50
TypeCurrent
11/28/21 to 11/28/22
1 Month Ago
10/29/21 to 10/29/22
3 Months Ago
8/30/21 to 8/30/22
1 Year Ago
11/28/20 to 11/28/21
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
7 Buy rating(s)
Hold
3 Hold rating(s)
3 Hold rating(s)
3 Hold rating(s)
2 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$23.59$29.55$35.00$43.11
Predicted Upside91.17% Upside30.17% Upside27.48% Upside25.73% Upside
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CARG 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.
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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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

CarGurus Stock vs. The Competition

TypeCarGurusAuto/Tires/Trucks CompaniesS&P 500
Consensus Rating Score
2.73
2.48
2.48
Consensus RatingModerate BuyHoldHold
Predicted Upside91.17% Upside246.39% Upside14.74% Upside
News Sentiment RatingNeutral News
Positive News
Neutral News
MarketBeat
Community Rating
Outperform Votes
485
63.56%
Underperform Votes
278
36.44%
Avg. Outperform Votes
227
63.06%
Avg. Underperform Votes
133
36.94%
Avg. Outperform Votes
851
68.13%
Avg. Underperform Votes
398
31.87%

Historical Target Prices and Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
11/15/2022DA Davidson
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 Lower Target$11.50-20.91%
11/15/2022BTIG Research
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 Lower Target$19.00+30.67%
11/10/2022Oppenheimer
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 Lower Target$26.00 ➝ $16.00+26.28%
11/9/2022Truist Financial
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 Lower Target$31.00 ➝ $22.00+124.49%
11/9/2022Needham & Company LLC
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Chris Pierce
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Lower TargetBuy$21.00 ➝ $16.00+59.84%
11/9/2022Royal Bank of Canada
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 Lower TargetOutperform$35.00 ➝ $19.00+38.08%
11/9/2022Raymond James
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 Lower TargetOutperform$20.00 ➝ $16.00+16.28%
10/6/2022Jefferies Financial Group
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 Lower TargetBuy$32.00 ➝ $20.00+36.89%
8/15/2022Benchmark
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 Lower Target$37.00+81.37%
6/30/2022JMP Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageMarket Perform
3/30/2022Piper Sandler
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 Boost TargetNeutral$35.00 ➝ $40.00-9.15%
2/2/2022Northcoast Research
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 Initiated CoverageBuy$43.00+30.07%
1/25/2021The Goldman Sachs Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$33.00 ➝ $40.00+27.35%
6/11/2020SunTrust Banks
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetBuy$33.00 ➝ $35.00+29.39%
5/11/2020Citigroup
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Neutral$28.00+8.70%
(Data available from 11/28/2017 forward. View 10+ years of historical ratings with our analyst ratings screener.)












CARG Price Target - Frequently Asked Questions

What is CarGurus's consensus rating and price target?

According to the issued ratings of 11 analysts in the last year, the consensus rating for CarGurus stock is Moderate Buy based on the current 3 hold ratings and 8 buy ratings for CARG. The average twelve-month price prediction for CarGurus is $23.59 with a high price target of $43.00 and a low price target of $11.50. Learn more on CARG's analyst rating history.

Do Wall Street analysts like CarGurus more than its competitors?

Analysts like CarGurus more than other Auto/Tires/Trucks companies. The consensus rating for CarGurus is Moderate Buy while the average consensus rating for auto/tires/trucks companies is Hold. Learn more on how CARG compares to other companies.

Do MarketBeat users like CarGurus more than its competitors?

MarketBeat users like CarGurus more than other Auto/Tires/Trucks companies. 63.56% of MarketBeat users gave CarGurus an outperform vote while auto/tires/trucks companies recieve an average of 63.06% outperform votes by MarketBeat users.

Does CarGurus's stock price have much upside?

According to analysts, CarGurus's stock has a predicted upside of 25.22% based on their 12-month price targets.

What analysts cover CarGurus?

Stock Ratings Reports and Tools

This page (NASDAQ:CARG) was last updated on 11/28/2022 by MarketBeat.com Staff