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NASDAQ: CARG
CARGURUS INC Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for CARG

Based on 8 analysts offering 12 month price targets for CARGURUS INC.
Min Forecast
$34.00+31.83%
Avg Forecast
$39.88+54.61%
Max Forecast
$45.00+74.49%

Should I buy or sell CARG stock?

Based on 8 analysts offering ratings for CARGURUS INC.
Buy
Strong Buy
2 analysts 25%
Buy
4 analysts 50%
Hold
2 analysts 25%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

CARG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
DA Davidson
Bottom 3%
3
HoldMaintains$34.00+31.83%2022-05-10
RBC Capital
Top 5%
96
BuyMaintains$45.00+74.49%2022-05-10
Raymond James
Bottom 2%
2
BuyMaintains$34.00+31.83%2022-05-10
Needham
Bottom 7%
7
BuyMaintains$40.00+55.10%2022-05-10
Piper Sandler
Top 3%
98
HoldMaintains$40.00+55.10%2022-03-30
Northcoast Research
Bottom 36%
36
Strong BuyInitiates Coverage On$43.00+66.73%2022-02-02
Jefferies
Bottom 4%
4
Strong BuyUpgrades$45.00+74.49%2022-01-07
Raymond James
Bottom 12%
12
BuyMaintains$38.00+47.34%2021-08-06

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Forecast return on equity

Is CARG forecast to generate an efficient return?
Company
41.51%
Industry
35.64%
Market
31.09%
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
20.4%
Industry
31.14%
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 5 analysts?
Avg 1 year Forecast
$0.60
Avg 2 year Forecast
$0.88
Avg 3 year Forecast
$1.17

CARG revenue forecast

What is CARG's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$2.1B+69.84%
Avg 2 year Forecast
$2.9B+141.19%
Avg 3 year Forecast
$3.8B+216.29%
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 Internet Content & Information companies and vs the US market?
Company
46.62%
Industry
9.34%
Market
9.17%
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 Internet Stocks

TickerPricePrice TargetUp/downsideConsensus
CARG$25.79$39.88+54.61%Buy
YY$40.11$62.00+54.57%Strong Buy
IQ$3.98$11.33+184.75%Strong Buy
ANGI$5.68$9.80+72.54%Buy
LZ$12.85$26.13+103.31%Buy
View Top Internet Stocks

CARGURUS Stock Forecast FAQ

Is CARGURUS Stock a good buy in 2022, according to Wall Street analysts?

The consensus among 8 Wall Street analysts covering (NASDAQ: CARG) stock is to Buy CARG stock.

Out of 8 analysts, 2 (25%) are recommending CARG as a Strong Buy, 4 (50%) are recommending CARG as a Buy, 2 (25%) 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 2022-2024?

(NASDAQ: CARG) CARGURUS's forecast annual earnings growth rate of N/A is not forecast to beat the US Internet Content & Information industry's average forecast earnings growth rate of 11.11%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 15.67%.

CARGURUS's earnings in 2022 is -$84,605,000.On average, 5 Wall Street analysts forecast CARG's earnings for 2022 to be $71,029,518, with the lowest CARG earnings forecast at $58,007,440, and the highest CARG earnings forecast at $86,419,247. On average, 5 Wall Street analysts forecast CARG's earnings for 2023 to be $104,176,626, with the lowest CARG earnings forecast at $46,169,187, and the highest CARG earnings forecast at $162,184,066.

In 2024, CARG is forecast to generate $138,507,560 in earnings, with the lowest earnings forecast at $85,235,422 and the highest earnings forecast at $230,845,934.

What is CARG's revenue growth forecast for 2022-2024?

(NASDAQ: CARG) CARGURUS's forecast annual revenue growth rate of 46.62% is forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 9.34%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 9.17%.

CARGURUS's revenue in 2022 is $1,210,613,000.On average, 6 Wall Street analysts forecast CARG's revenue for 2022 to be $243,402,886,840, with the lowest CARG revenue forecast at $234,930,130,785, and the highest CARG revenue forecast at $262,939,437,383. On average, 6 Wall Street analysts forecast CARG's revenue for 2023 to be $345,668,819,205, with the lowest CARG revenue forecast at $298,193,754,817, and the highest CARG revenue forecast at $417,215,550,479.

In 2024, CARG is forecast to generate $453,298,545,623 in revenue, with the lowest revenue forecast at $394,083,604,117 and the highest revenue forecast at $509,802,527,192.

What is CARG's forecast return on assets (ROA) for 2022-2025?

(NASDAQ: CARG) forecast ROA is 20.4%, which is lower than the forecast US Internet Content & Information industry average of 31.14%.

What is CARG's Price Target?

According to 8 Wall Street analysts that have issued a 1 year CARG price target, the average CARG price target is $39.88, with the highest CARG stock price forecast at $45.00 and the lowest CARG stock price forecast at $34.00.

On average, Wall Street analysts predict that CARGURUS's share price could reach $39.88 by May 10, 2023. The average CARGURUS stock price prediction forecasts a potential upside of 54.61% from the current CARG share price of $25.79.

What is CARG's Earnings Per Share (EPS) forecast for 2022-2024?

(NASDAQ: CARG) CARGURUS's current Earnings Per Share (EPS) is -$0.72. On average, analysts forecast that CARG's EPS will be $0.60 for 2022, with the lowest EPS forecast at $0.49, and the highest EPS forecast at $0.73. On average, analysts forecast that CARG's EPS will be $0.88 for 2023, with the lowest EPS forecast at $0.39, and the highest EPS forecast at $1.37. In 2024, CARG's EPS is forecast to hit $1.17 (min: $0.72, max: $1.95).

What is CARG's forecast return on equity (ROE) for 2022-2025?

(NASDAQ: CARG) forecast ROE is 41.51%, which is considered strong.
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