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

Analyst price target for CARG

Based on 5 analysts offering 12 month price targets for CarGurus Inc.
Min Forecast
$38.00+0.64%
Avg Forecast
$43.00+13.88%
Max Forecast
$48.00+27.12%

Should I buy or sell CARG stock?

Based on 5 analysts offering ratings for CarGurus Inc.
Buy
Strong Buy
0 analysts 0%
Buy
4 analysts 80%
Hold
1 analysts 20%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

CARG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
DA Davidson
Top 34%
67
HoldMaintains$42.00+11.23%2021-11-15
Raymond James
Top 16%
85
BuyMaintains$41.00+8.58%2021-11-10
Needham
Bottom 7%
7
BuyMaintains$46.00+21.82%2021-11-10
RBC Capital
Top 2%
99
BuyMaintains$48.00+27.12%2021-11-10
Raymond James
Bottom 12%
12
BuyMaintains$38.00+0.64%2021-08-06

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Forecast return on equity

Is CARG forecast to generate an efficient return?
Company
21.37%
Industry
17.78%
Market
37.06%
CARG's Return on Equity is forecast to be high in 3 years (21.37%); analysts are confident in the firm's ability to efficiently generate return on equity
Forecast

Forecast return on assets

Is CARG forecast to generate an efficient return on assets?
Company
15.36%
Industry
28.26%
CARG is forecast to generate lower Return on Assets (15.36%) than the US Internet Content & Information industry average (28.26%)
Forecast

CARG earnings per share forecast

What is CARG's earnings per share in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$0.73-19.78%
Avg 2 year Forecast
$0.70-23.08%
Avg 3 year Forecast
$0.90-1.1%
CARG's earnings are forecast to grow at a rate of -2.54% per year, which is not exceptional
Forecast

CARG revenue forecast

What is CARG's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$893.1M+16.96%
Avg 2 year Forecast
$1.3B+64.68%
Avg 3 year Forecast
$1.6B+105.97%
CARG's revenue is forecast to grow at an exceptional rate of 27.5% per year
Forecast

CARG earnings growth forecast

How is CARG forecast to perform vs Internet Content & Information companies and vs the US market?
Company
-2.54%
Industry
5.96%
Market
14.37%
CARG's earnings are forecast to grow slower (-2.54% per year) than the US Internet Content & Information industry average (5.96%)
Forecast
CARG's earnings are forecast to grow slower (-2.54% per year) than the US market average (14.37%)
Forecast
CARG's earnings are forecast to grow slower (-2.54% per year) than the risk-free savings rate (1.4%)
Forecast

CARG revenue growth forecast

How is CARG forecast to perform vs Internet Content & Information companies and vs the US market?
Company
27.5%
Industry
10.12%
Market
10.03%
CARG's revenues are forecast to grow faster (27.5% per year) than the US Internet Content & Information industry average (10.12%)
Forecast
CARG's revenues are forecast to grow faster (27.5% per year) than the US market average (10.03%)
Forecast

CarGurus Stock Forecast FAQ

Is CarGurus Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 5 Wall Street analysts covering (NASDAQ: CARG) stock is to Buy CARG stock.

Out of 5 analysts, 0 (0%) are recommending CARG as a Strong Buy, 4 (80%) are recommending CARG as a Buy, 1 (20%) are recommending CARG as a Hold, 0 (0%) are recommending CARG as a Sell, and 0 (0%) are recommending CARG as a Strong Sell.

What is CARG's earnings growth forecast for 2021-2023?

(NASDAQ: CARG) CarGurus's forecast annual earnings growth rate of -2.54% is not forecast to beat the US Internet Content & Information industry's average forecast earnings growth rate of 5.96%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 14.37%.

CarGurus's earnings in 2021 is $104,775,000.On average, 5 Wall Street analysts forecast CARG's earnings for 2021 to be $85,908,797, with the lowest CARG earnings forecast at $74,140,469, and the highest CARG earnings forecast at $97,677,126. On average, 5 Wall Street analysts forecast CARG's earnings for 2022 to be $82,378,299, with the lowest CARG earnings forecast at $55,311,143, and the highest CARG earnings forecast at $111,799,120.

In 2023, CARG is forecast to generate $105,914,956 in earnings, with the lowest earnings forecast at $92,969,794 and the highest earnings forecast at $124,744,281.

What is CARG's revenue growth forecast for 2021-2023?

(NASDAQ: CARG) CarGurus's forecast annual revenue growth rate of 27.5% is forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 10.12%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 10.03%.

CarGurus's revenue in 2021 is $763,584,000.On average, 5 Wall Street analysts forecast CARG's revenue for 2021 to be $105,099,998,858, with the lowest CARG revenue forecast at $104,821,677,892, and the highest CARG revenue forecast at $105,397,149,150. On average, 5 Wall Street analysts forecast CARG's revenue for 2022 to be $147,985,788,164, with the lowest CARG revenue forecast at $133,659,966,636, and the highest CARG revenue forecast at $175,195,104,891.

In 2023, CARG is forecast to generate $185,090,856,876 in revenue, with the lowest revenue forecast at $157,337,137,277 and the highest revenue forecast at $218,031,820,267.

What is CARG's forecast return on assets (ROA) for 2021-2024?

(NASDAQ: CARG) forecast ROA is 15.36%, which is lower than the forecast US Internet Content & Information industry average of 28.26%.

What is CARG's Price Target?

According to 5 Wall Street analysts that have issued a 1 year CARG price target, the average CARG price target is $43.00, with the highest CARG stock price forecast at $48.00 and the lowest CARG stock price forecast at $38.00.

On average, Wall Street analysts predict that CarGurus's share price could stay at $43.00 by Nov 15, 2022. The average CarGurus stock price prediction forecasts a potential downside of N/A from the current CARG share price of $37.76.

What is CARG's Earnings Per Share (EPS) forecast for 2021-2023?

(NASDAQ: CARG) CarGurus's current Earnings Per Share (EPS) is $0.91. On average, analysts forecast that CARG's EPS will be $0.73 for 2021, with the lowest EPS forecast at $0.63, and the highest EPS forecast at $0.83. On average, analysts forecast that CARG's EPS will be $0.70 for 2022, with the lowest EPS forecast at $0.47, and the highest EPS forecast at $0.95. In 2023, CARG's EPS is forecast to hit $0.90 (min: $0.79, max: $1.06).

What is CARG's forecast return on equity (ROE) for 2021-2024?

(NASDAQ: CARG) forecast ROE is 21.37%, which is considered strong.
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