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CARG
(NASDAQ)
CarGurus, Inc.
$33.33-- (--)
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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 7 professional research analysts

Consensus Rating

Strong Buy
Based on 7 unique analysts
(8 total ratings in last 90 days)
Medium Confidence∞:1 Buy/Sell

Average Price Target

$37.08
↑ 11.25% 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)

Jed Kelly
Oppenheimer
BuyMaintains
$40.00 → $38.00
Marvin Fong
BTIG
Strong BuyMaintains
$44.00 → $37.00
Amy Thielen
TheStreet.com
BuyInitiates Coverage
-
Tom White
DA Davidson
HoldMaintains
$37.50 → $33.50
Brad Erickson
RBC Capital
BuyMaintains
$40.00 → $34.00
Brad Erickson
RBC Capital
BuyMaintains
$40.00 → $34.00
Chris Pierce
Needham
Strong BuyMaintains
$44.00 → $37.00
Rajat Gupta CFA
JP Morgan
HoldInitiates Coverage
$43.00

Frequently Asked Questions

What is the analyst consensus rating for CARG?

The analyst consensus rating for CARG is "Strong Buy" based on 7 analyst recommendations.

What is the average price target for CARG?

The average 12-month price target for CARG is $37.08, representing an upside of 11.3% from the current price of $33.33.

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.