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NASDAQ: CARG
Cargurus Inc Stock Forecast, Predictions & Price Target

Analyst price target for CARG

Based on 9 analysts offering 12 month price targets for Cargurus Inc.
Min Forecast
$15.00-29.58%
Avg Forecast
$23.44+10.07%
Max Forecast
$28.00+31.46%

Should I buy or sell CARG stock?

Based on 9 analysts offering ratings for Cargurus Inc.
Buy
Strong Buy
4 analysts 44.44%
Buy
1 analysts 11.11%
Hold
3 analysts 33.33%
Sell
0 analysts 0%
Strong Sell
1 analysts 11.11%

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CARG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2023-11-08
lockedlocked$00.00+00.00%2023-09-15
lockedlocked$00.00+00.00%2023-08-14
lockedlocked$00.00+00.00%2023-08-11
lockedlocked$00.00+00.00%2023-08-01
Jefferies
Bottom 35%
35
Strong BuyMaintains$27.00+26.76%2023-07-25
B. Riley Securities
Top 12%
89
Strong BuyInitiates Coverage On$28.00+31.46%2023-07-20
Piper Sandler
Top 2%
99
Strong SellMaintains$15.00-29.58%2023-07-05
BTIG
Bottom 18%
18
Strong BuyMaintains$26.00+22.07%2023-06-29

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Forecast return on equity

Is CARG forecast to generate an efficient return?
Company
N/A
Industry
N/A
Market
30.45%

Forecast return on assets

Is CARG forecast to generate an efficient return on assets?
Company
N/A
Industry
N/A

CARG revenue forecast

What is CARG's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$909.7M-6.97%
Avg 2 year Forecast
$978.7M+0.08%
Avg 3 year Forecast
$1.1B+10.47%
CARG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CARG earnings growth forecast

How is CARG forecast to perform vs Auto & Truck Dealerships companies and vs the US market?
Company
-18.55%
Industry
2.94%
Market
17.93%
CARG's earnings are forecast to... subscribe to Premium to read more.
Forecast Earnings Growth vs Industry Forecast
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Forecast Earnings Growth vs Market Forecast
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Forecast Earnings Growth vs Savings Rate Forecast

CARG revenue growth forecast

How is CARG forecast to perform vs Auto & Truck Dealerships companies and vs the US market?
Company
3.2%
Industry
4.5%
Market
7.54%
CARG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
CARG's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

CARG vs Auto & Truck Dealership Stocks

TickerPricePrice TargetUp/downsideConsensus
CARG$21.30$23.44+10.07%Buy
ACVA$15.45$20.22+30.89%Strong Buy
DRVN$13.12$22.38+70.54%Strong Buy
CWH$21.85$30.20+38.22%Strong Buy
SAH$50.95$47.33-7.10%Buy

Cargurus Stock Forecast FAQ

Is Cargurus Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 9 Wall Street analysts covering (NASDAQ: CARG) stock is to Buy CARG stock.

Out of 9 analysts, 4 (44.44%) are recommending CARG as a Strong Buy, 1 (11.11%) are recommending CARG as a Buy, 3 (33.33%) are recommending CARG as a Hold, 0 (0%) are recommending CARG as a Sell, and 1 (11.11%) are recommending CARG as a Strong Sell.

If you're new to stock investing, here's how to buy Cargurus stock.

What is CARG's revenue growth forecast for 2023-2025?

(NASDAQ: CARG) Cargurus's forecast annual revenue growth rate of 3.2% is not forecast to beat the US Auto & Truck Dealerships industry's average forecast revenue growth rate of 4.5%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 7.54%.

Cargurus's revenue in 2023 is $977,863,000.On average, 6 Wall Street analysts forecast CARG's revenue for 2023 to be $102,136,012,544, with the lowest CARG revenue forecast at $101,585,780,557, and the highest CARG revenue forecast at $102,400,855,893. On average, 6 Wall Street analysts forecast CARG's revenue for 2024 to be $109,874,400,652, with the lowest CARG revenue forecast at $100,035,341,110, and the highest CARG revenue forecast at $114,905,413,868.

In 2025, CARG is forecast to generate $121,276,249,269 in revenue, with the lowest revenue forecast at $105,917,131,309 and the highest revenue forecast at $129,352,231,253.

What is CARG's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: CARG) forecast ROA is N/A, which is lower than the forecast US Auto & Truck Dealerships industry average of N/A.

What is CARG's Price Target?

According to 9 Wall Street analysts that have issued a 1 year CARG price target, the average CARG price target is $23.44, with the highest CARG stock price forecast at $28.00 and the lowest CARG stock price forecast at $15.00.

On average, Wall Street analysts predict that Cargurus's share price could reach $23.44 by Nov 8, 2024. The average Cargurus stock price prediction forecasts a potential upside of 10.07% from the current CARG share price of $21.30.

What is CARG's forecast return on equity (ROE) for 2023-2026?

(NASDAQ: CARG) forecast ROE is N/A, which is considered weak.
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