Stock Price
P/E Ratio
Volume Traded Today
Dividend
52 Week High/low
Cargurus Inc Market Cap
From what 14 stock analysts predict, the share price for Cargurus Inc (CARG) might increase by 0.42% in the next year. This is based on a 12-month average estimation for CARG. Price targets go from $16 to $46. The majority of stock analysts believe CARG is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
CARG is a stock in Consumer Cyclical which has been forecasted to be worth $38.26923 as an average. On the higher end, the forecast price is $46 USD by Chris Pierce from Needham and on the lower end CARG is forecasted to be $16 by Aaron Kessler from Raymond James.
These are the latest 20 analyst ratings of CARG.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Nicholas Jones JMP Securities | Market Outperform | $46 | Maintains | Nov 22, 2024 |
| Brad Erickson RBC Capital | Outperform | $42 | Maintains | Nov 11, 2024 |
| Nicholas Jones JMP Securities | Market Outperform | $41 | Maintains | Nov 11, 2024 |
| Naved Khan B. Riley Securities | Buy | $40 | Maintains | Nov 11, 2024 |
| Tom White DA Davidson | Neutral | $38.5 | Maintains | Nov 8, 2024 |
| Chris Pierce Needham | Buy | $39 | Maintains | Nov 8, 2024 |
| Jed Kelly Oppenheimer | Outperform | $44 | Maintains | Nov 8, 2024 |
| Rajat Gupta JP Morgan | Overweight | $40 | Maintains | Nov 8, 2024 |
| John Colantuoni Jefferies | Buy | $38 | Maintains | Oct 22, 2024 |
| Marvin Fong BTIG | Buy | $35 | Maintains | Oct 22, 2024 |
| Tom White DA Davidson | Neutral | $26.5 | Maintains | Sep 10, 2024 |
| Nicholas Jones JMP Securities | Market Outperform | $32 | Reiterates | Sep 9, 2024 |
| Nicholas Jones JMP Securities | Market Outperform | $32 | Maintains | Aug 12, 2024 |
| Rajat Gupta JP Morgan | Overweight | $32 | Maintains | Aug 12, 2024 |
| Jed Kelly Oppenheimer | Outperform | $32 | Maintains | Aug 9, 2024 |
| Brad Erickson RBC Capital | Outperform | $30 | Maintains | Aug 9, 2024 |
| Marvin Fong BTIG | Buy | $30 | Maintains | Aug 9, 2024 |
| Naved Khan B. Riley Securities | Buy | $30 | Maintains | Aug 9, 2024 |
| Chris Pierce Needham | Buy | $27 | Maintains | Aug 9, 2024 |
| Nicholas Jones JMP Securities | Market Outperform | $30 | Reiterates | Jul 10, 2024 |
When did it IPO
2017
Staff Count
1,343
Country
United States
Sector/Industry
Consumer Cyclical/Auto & Truck Dealerships
CEO
Mr. Jason M. Trevisan
Market Cap
$3.95B
In 2023, CARG generated $914.2M in revenue, which was a decrease of -44.76% from the previous year. This can be seen as a signal that CARG's business is declining, and its share price could be worth less in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Thu, 05 Dec 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - CarGurus (CARG) and Geely Automobile Holdings Ltd. (GELYY) have shown performance metrics relative to their respective sectors in 2023. Further details would be needed for specific insights.
Why It Matters - The performance comparison of CarGurus and Geely against their sector indicates their relative strength or weakness, influencing investment decisions and sector outlook.
Fri, 22 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - CarGurus (CARG) shares are gaining momentum, supported by positive earnings estimate revisions, suggesting potential for further increases in the near term.
Why It Matters - Rising earnings estimate revisions for CarGurus suggest positive momentum, potentially leading to increased investor confidence and higher share prices.
Tue, 19 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - CarGurus (CARG) has received a Zacks Rank #2 (Buy) upgrade, indicating positive outlook for its earnings, which may lead to a rise in the stock price.
Why It Matters - CarGurus' upgrade to Zacks Rank #2 signals positive earnings outlook, potentially boosting investor confidence and driving the stock price upward.
Tue, 19 Nov 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - CarGurus (CARG) is being evaluated for its potential as a top stock pick for momentum investors. Further analysis is needed to determine its suitability.
Why It Matters - The inquiry into CarGurus as a potential momentum stock signals interest in its performance, which could influence investor sentiment and market activity around the stock.
Thu, 21 Nov 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - CARG expects mid-single-digit growth over the next two years, driven by new products and dealer engagement. Recent earnings show revenue and EBITDA growth, but stock valuation appears fair.
Why It Matters - CARG's positive growth outlook and strong earnings reflect solid operational performance, yet fair valuation may restrict significant stock price upside in the near term.
Tue, 12 Nov 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - CarGurus CFO Elisa Palazzo will speak at RBC's 2024 Global Technology Conference on November 19, 2024, at 4:00 PM ET, highlighting the company's digital auto platform leadership.
Why It Matters - Elisa Palazzo's participation in a major conference signals CarGurus' strategic engagement and transparency, which can influence investor confidence and stock performance.
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