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

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Analyst price target for CARG

Based on 9 analysts offering 12 month price targets for Cargurus Inc.
Min Forecast
$21.00+41.13%
Avg Forecast
$33.89+127.75%
Max Forecast
$45.00+202.42%

Should I buy or sell CARG stock?

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

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CARG stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
BTIG
Bottom 21%
21
Strong BuyMaintains$25.00+68.01%2022-09-20
Needham
Bottom 19%
19
BuyMaintains$21.00+41.13%2022-09-20
DA Davidson
Bottom 2%
2
HoldMaintains$30.00+101.61%2022-08-09
Truist Securities
Bottom 19%
19
Strong BuyMaintains$38.00+155.38%2022-08-09
Raymond James
Bottom 1%
1
BuyMaintains$28.00+88.17%2022-08-09
RBC Capital
Top 8%
93
BuyMaintains$35.00+135.22%2022-08-09
Piper Sandler
Top 3%
98
HoldMaintains$40.00+168.82%2022-03-30
Northcoast Research
Bottom 37%
37
Strong BuyInitiates Coverage On$43.00+188.98%2022-02-02
Jefferies
Bottom 3%
3
Strong BuyUpgrades$45.00+202.42%2022-01-07

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Forecast return on equity

Is CARG forecast to generate an efficient return?
Company
25.19%
Industry
38.05%
Market
118.57%
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
11.52%
Industry
27.27%
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 4 analysts?
Avg 1 year Forecast
$0.41
Avg 2 year Forecast
$0.53
Avg 3 year Forecast
$0.78

CARG revenue forecast

What is CARG's revenue in the next 3 years based on estimates from 6 analysts?
Avg 1 year Forecast
$1.9B+28.48%
Avg 2 year Forecast
$2.6B+71.01%
Avg 3 year Forecast
$3.3B+121.82%
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
29.95%
Industry
4.26%
Market
8.46%
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$14.88$33.89+127.75%Strong Buy
SSTK$49.83$76.00+52.52%Buy
TTGT$58.84$88.00+49.56%Strong Buy
LZ$8.73$18.88+116.21%Buy
YY$25.86$43.50+68.21%Hold
View Top Internet Stocks

Cargurus Stock Forecast FAQ

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

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

Out of 9 analysts, 4 (44.44%) are recommending CARG as a Strong Buy, 3 (33.33%) 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 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 6.17%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 16.42%.

Cargurus's earnings in 2022 is -$122,993,000.On average, 4 Wall Street analysts forecast CARG's earnings for 2022 to be $48,662,225, with the lowest CARG earnings forecast at $33,232,739, and the highest CARG earnings forecast at $77,147,430. On average, 5 Wall Street analysts forecast CARG's earnings for 2023 to be $62,904,828, with the lowest CARG earnings forecast at $46,288,458, and the highest CARG earnings forecast at $84,268,731.

In 2024, CARG is forecast to generate $92,576,916 in earnings, with the lowest earnings forecast at $72,399,896 and the highest earnings forecast at $106,819,519.

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

(NASDAQ: CARG) Cargurus's forecast annual revenue growth rate of 29.95% is forecast to beat the US Internet Content & Information industry's average forecast revenue growth rate of 4.26%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 8.46%.

Cargurus's revenue in 2022 is $1,504,094,000.On average, 6 Wall Street analysts forecast CARG's revenue for 2022 to be $229,365,956,235, with the lowest CARG revenue forecast at $224,107,350,023, and the highest CARG revenue forecast at $239,987,851,788. On average, 6 Wall Street analysts forecast CARG's revenue for 2023 to be $305,286,030,066, with the lowest CARG revenue forecast at $264,995,487,976, and the highest CARG revenue forecast at $364,254,558,426.

In 2024, CARG is forecast to generate $395,987,788,882 in revenue, with the lowest revenue forecast at $333,989,028,156 and the highest revenue forecast at $457,187,539,608.

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

(NASDAQ: CARG) forecast ROA is 11.52%, which is lower than the forecast US Internet Content & Information industry average of 27.27%.

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 $33.89, with the highest CARG stock price forecast at $45.00 and the lowest CARG stock price forecast at $21.00.

On average, Wall Street analysts predict that Cargurus's share price could reach $33.89 by Sep 20, 2023. The average Cargurus stock price prediction forecasts a potential upside of 127.75% from the current CARG share price of $14.88.

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

(NASDAQ: CARG) Cargurus's current Earnings Per Share (EPS) is -$1.05. On average, analysts forecast that CARG's EPS will be $0.41 for 2022, with the lowest EPS forecast at $0.28, and the highest EPS forecast at $0.65. On average, analysts forecast that CARG's EPS will be $0.53 for 2023, with the lowest EPS forecast at $0.39, and the highest EPS forecast at $0.71. In 2024, CARG's EPS is forecast to hit $0.78 (min: $0.61, max: $0.90).

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

(NASDAQ: CARG) forecast ROE is 25.19%, which is considered strong.
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