WallStreetZen

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

OverviewForecast
EarningsDividendOwnership

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

1 of 1

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.
©2021 WallStreetZen
Company
AboutBlogPlansPrivacy PolicyTerms of ServiceCancellation & RefundsContact
Stocks
Stock ScreenerStock ForecastHighest Earnings StocksBest Dividend Paying StocksStatisticsTrending Stocks
Analysts
Top Performing Analysts
Social
TwitterYouTube
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.