CarGurus, Inc.

CARGNASDAQConsumer DiscretionaryAuto & Truck Dealerships

$31.52- (-)1Y −9.61%

As of Oct 23, 2026 close

Market cap: $2.87B
P/E (TTM): 16.32
Forward P/E: 13.13
Dividend yield: -
52-week range: $26.39$41.22
Volume (live): -
Avg. volume (3M): 1.53M

CarGurus, Inc. (CARG) Analyst Forecast

Analyst consensus ratings, 12-month price targets, and expert recommendations for CarGurus, Inc. stock.

Analyst Consensus Rating

Investment consensus from 11 professional research analysts

Consensus Rating

Buy

Based on 11 unique analysts

(13 total ratings in last 90 days)

High Confidence∞:1 Buy/Sell

Average Price Target

$41.22

+30.77% upside

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Strong Sell

Sell

Hold

Buy

Strong Buy

Latest CARG Analyst Ratings & Recommendations

Recent analyst recommendations with rating changes and price target updates (last 90 days)

Date	Analyst	Firm	Action	Rating	Price Target
Oct 21, 2026	Brad Erickson	RBC Capital	Maintains	Buy	$42.00
Oct 7, 2026	Joseph Spak	UBS	Maintains	Hold	$40.00 → $35.00 −5.00 (−12.5%)
Oct 6, 2026	John Babcock	Barclays	Maintains	Buy	$41.00 → $38.00 −3.00 (−7.3%)
Aug 14, 2026	Ronald Josey	Citi	Maintains	Hold	$32.00 → $39.00 +7.00 (+21.9%)
Aug 12, 2026	Jed Kelly	Oppenheimer	Maintains	Buy	$38.00 → $44.00 +6.00 (+15.8%)
Aug 10, 2026	Tom White	DA Davidson	Maintains	Hold	$36.00 → $42.00 +6.00 (+16.7%)
Aug 7, 2026	Ralph Schackart	William Blair	Maintains	Buy	-
Aug 7, 2026	Marvin Fong	BTIG	Maintains	Buy	$40.00 → $41.00 +1.00 (+2.5%)
Aug 7, 2026	Joseph Spak	UBS	Reiterates	Hold	$37.00 → $40.00 +3.00 (+8.1%)
Aug 7, 2026	Naved Khan	B Riley	Reiterates	Buy	$42.00 → $46.00 +4.00 (+9.5%)
Aug 7, 2026	Chris Pierce	Needham	Reiterates	Buy	$43.00 → $44.00 +1.00 (+2.3%)
Aug 7, 2026	Brad Erickson	RBC Capital	Reiterates	Buy	$35.00 → $42.00 +7.00 (+20.0%)
Aug 6, 2026	Zacks Equity Research	Zacks Equity Research	Initiates Coverage	Hold	-

Brad Erickson

RBC Capital

BuyMaintains

$42.00

Oct 21

Joseph Spak

UBS

HoldMaintains

$40.00 → $35.00

Oct 7

John Babcock

Barclays

BuyMaintains

$41.00 → $38.00

Oct 6

Ronald Josey

Citi

HoldMaintains

$32.00 → $39.00

Aug 14

Jed Kelly

Oppenheimer

BuyMaintains

$38.00 → $44.00

Aug 12

Tom White

DA Davidson

HoldMaintains

$36.00 → $42.00

Aug 10

Ralph Schackart

William Blair

BuyMaintains

Aug 7

Marvin Fong

BTIG

BuyMaintains

$40.00 → $41.00

Aug 7

Joseph Spak

UBS

HoldReiterates

$37.00 → $40.00

Aug 7

Naved Khan

B Riley

BuyReiterates

$42.00 → $46.00

Aug 7

Chris Pierce

Needham

BuyReiterates

$43.00 → $44.00

Aug 7

Brad Erickson

RBC Capital

BuyReiterates

$35.00 → $42.00

Aug 7

Zacks Equity Research

HoldInitiates Coverage

Aug 6

Source: Professional analyst ratings and price targets from the last 90 days. Data as of Oct 21, 2026. Data sources and methodology

Frequently Asked Questions

What is the analyst consensus rating for CARG?

The analyst consensus rating for CARG is Buy, based on the latest ratings from 11 analysts over the last 90 days.

What is the average price target for CARG?

The average 12-month price target for CARG is $41.22, representing an upside of 30.8% from the Oct 23, 2026 close of $31.52.

What do analyst ratings mean?

Analyst ratings indicate investment recommendations: Strong Buy and Buy are bullish signals suggesting the stock may outperform. Hold means the stock is fairly valued. Sell and Strong Sell are bearish signals suggesting potential underperformance. These ratings are based on fundamental analysis and valuation models.

What is a price target?

A price target is an analyst's projection of a stock's fair value over a specific timeframe, typically 12 months. Analysts use fundamental analysis, financial modeling, and industry comparisons to estimate where the stock should trade. Price targets can range from low (conservative) to high (optimistic) estimates.