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

OverviewForecast
EarningsRevenueDividendOwnership

Analyst price target for CARG

Based on 9 analysts offering 12 month price targets for Cargurus Inc.
Min Forecast
$26.50-14.21%
Avg Forecast
$29.61-4.14%
Max Forecast
$32.00+3.59%

Should I buy or sell CARG stock?

Based on 9 analysts offering ratings for Cargurus Inc.
Buy
Strong Buy
3 analysts 33.33%
Buy
4 analysts 44.44%
Hold
2 analysts 22.22%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their CARG stock forecasts and price targets.

CARG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-09-10
lockedlocked$00.00+00.00%2024-09-09
lockedlocked$00.00+00.00%2024-08-12
lockedlocked$00.00+00.00%2024-08-09
lockedlocked$00.00+00.00%2024-08-09
B. Riley Securities
Top 11%
90
Strong BuyMaintains$30.00-2.88%2024-08-09
Oppenheimer
Top 20%
81
BuyMaintains$32.00+3.59%2024-08-09
Needham
Bottom 1%
1
BuyMaintains$27.00-12.59%2024-08-09
Citigroup
Top 4%
97
HoldMaintains$27.00-12.59%2024-07-03

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Forecast return on equity

Is CARG forecast to generate an efficient return?
Company
65.17%
Industry
5.52%
Market
48.93%
CARG's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is CARG forecast to generate an efficient return on assets?
Company
39.11%
Industry
2.28%
CARG is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

CARG earnings per share forecast

What is CARG's earnings per share in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$1.18
Avg 2 year Forecast
$1.40
Avg 3 year Forecast
$2.07

CARG revenue forecast

What is CARG's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$882.8M+0.66%
Avg 2 year Forecast
$955.4M+8.93%
Avg 3 year Forecast
$1.1B+21.53%
CARG's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

CARG revenue growth forecast

How is CARG forecast to perform vs Auto & Truck Dealerships companies and vs the US market?
Company
6.35%
Industry
11.64%
Market
9.84%
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$30.89$29.61-4.14%Buy
ACVA$18.74$21.50+14.73%Buy
RUSHA$51.60$60.00+16.28%Strong Buy
DRVN$13.56$17.28+27.42%Buy
CWH$23.26$26.33+13.21%Strong Buy
View Top Auto & Truck Dealership Stocks

Cargurus Stock Forecast FAQ

Is Cargurus Stock a good buy in 2024, 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, 3 (33.33%) are recommending CARG as a Strong Buy, 4 (44.44%) are recommending CARG as a Buy, 2 (22.22%) are recommending CARG as a Hold, 0 (0%) are recommending CARG as a Sell, and 0 (0%) 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 earnings growth forecast for 2024-2026?

(NASDAQ: CARG) Cargurus's forecast annual earnings growth rate of N/A is not forecast to beat the US Auto & Truck Dealerships industry's average forecast earnings growth rate of -3.87%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.87%.

Cargurus's earnings in 2024 is -$48,861,000.On average, 6 Wall Street analysts forecast CARG's earnings for 2024 to be $121,634,161, with the lowest CARG earnings forecast at $111,638,390, and the highest CARG earnings forecast at $148,851,187. On average, 6 Wall Street analysts forecast CARG's earnings for 2025 to be $145,057,549, with the lowest CARG earnings forecast at $125,076,345, and the highest CARG earnings forecast at $222,243,092.

In 2026, CARG is forecast to generate $213,973,582 in earnings, with the lowest earnings forecast at $159,188,075 and the highest earnings forecast at $256,354,822.

What is CARG's revenue growth forecast for 2024-2026?

(NASDAQ: CARG) Cargurus's forecast annual revenue growth rate of 6.35% is not forecast to beat the US Auto & Truck Dealerships industry's average forecast revenue growth rate of 11.64%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 9.84%.

Cargurus's revenue in 2024 is $877,030,000.On average, 6 Wall Street analysts forecast CARG's revenue for 2024 to be $91,252,496,731, with the lowest CARG revenue forecast at $90,598,688,565, and the highest CARG revenue forecast at $91,543,480,128. On average, 6 Wall Street analysts forecast CARG's revenue for 2025 to be $98,755,113,410, with the lowest CARG revenue forecast at $94,479,156,320, and the highest CARG revenue forecast at $101,611,609,040.

In 2026, CARG is forecast to generate $110,173,963,477 in revenue, with the lowest revenue forecast at $104,929,750,088 and the highest revenue forecast at $115,256,301,200.

What is CARG's forecast return on assets (ROA) for 2024-2027?

(NASDAQ: CARG) forecast ROA is 39.11%, which is higher than the forecast US Auto & Truck Dealerships industry average of 2.28%.

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 $29.61, with the highest CARG stock price forecast at $32.00 and the lowest CARG stock price forecast at $26.50.

On average, Wall Street analysts predict that Cargurus's share price could fall to $29.61 by Sep 10, 2025. The average Cargurus stock price prediction forecasts a potential downside of 4.14% from the current CARG share price of $30.89.

What is CARG's Earnings Per Share (EPS) forecast for 2024-2026?

(NASDAQ: CARG) Cargurus's current Earnings Per Share (EPS) is -$0.47. On average, analysts forecast that CARG's EPS will be $1.18 for 2024, with the lowest EPS forecast at $1.08, and the highest EPS forecast at $1.44. On average, analysts forecast that CARG's EPS will be $1.40 for 2025, with the lowest EPS forecast at $1.21, and the highest EPS forecast at $2.15. In 2026, CARG's EPS is forecast to hit $2.07 (min: $1.54, max: $2.48).

What is CARG's forecast return on equity (ROE) for 2024-2027?

(NASDAQ: CARG) forecast ROE is 65.17%, which is considered strong.
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