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CarGurus Analyst Ratings and Price Targets | NASDAQ:CARG | Benzinga
CarGurus Inc has a consensus price target of $34.57 based on the ratings of 16 analysts. The high is $45 issued by Needham on February 21, 2025. The low is $15 issued by Piper Sandler on July 5, 2023. The 3 most-recent analyst ratings were released by UBS, JMP Securities, and JP Morgan on April 10, 2025, April 9, 2025, and March 27, 2025, respectively. With an average price target of $33.67 between UBS, JMP Securities, and JP Morgan, there's an implied 24.69% upside for CarGurus Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
UBS
JMP Securities
JP Morgan
Oppenheimer
Citizens Capital Markets
1calculated from analyst ratings
Analyst Ratings for CarGurus
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 04/10/2025 | Buy Now | 7.41% | UBS | Kunal Madhukar73% | $36 → $29 | Maintains | Neutral | Get Alert |
| 04/09/2025 | Buy Now | 40.74% | JMP Securities | Nicholas Jones77% | $43 → $38 | Maintains | Market Outperform | Get Alert |
| 03/27/2025 | Buy Now | 25.93% | JP Morgan | Rajat Gupta71% | $42 → $34 | Downgrade | Overweight → Neutral | Get Alert |
| 02/24/2025 | Buy Now | 55.56% | Oppenheimer | Jed Kelly62% | $44 → $42 | Maintains | Outperform | Get Alert |
| 02/21/2025 | Buy Now | 59.26% | Citizens Capital Markets | Nicholas Jones77% | $46 → $43 | Maintains | Market Outperform | Get Alert |
| 02/21/2025 | Buy Now | 55.56% | JP Morgan | Rajat Gupta71% | $40 → $42 | Maintains | Overweight | Get Alert |
| 02/21/2025 | Buy Now | 66.67% | Needham | Chris Pierce40% | $45 → $45 | Reiterates | Buy → Buy | Get Alert |
| 01/16/2025 | Buy Now | 66.67% | Needham | Chris Pierce40% | $39 → $45 | Maintains | Buy | Get Alert |
| 12/16/2024 | Buy Now | 70.37% | JMP Securities | Nicholas Jones77% | $46 → $46 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 11/22/2024 | Buy Now | 70.37% | JMP Securities | Nicholas Jones77% | $41 → $46 | Maintains | Market Outperform | Get Alert |
| 11/11/2024 | Buy Now | 55.56% | RBC Capital | Brad Erickson68% | $30 → $42 | Maintains | Outperform | Get Alert |
| 11/11/2024 | Buy Now | 48.15% | B. Riley Securities | Naved Khan73% | $30 → $40 | Maintains | Buy | Get Alert |
| 11/11/2024 | Buy Now | 51.85% | JMP Securities | Nicholas Jones77% | $32 → $41 | Maintains | Market Outperform | Get Alert |
| 11/08/2024 | Buy Now | 44.44% | Needham | Chris Pierce40% | $27 → $39 | Maintains | Buy | Get Alert |
| 11/08/2024 | Buy Now | 48.15% | JP Morgan | Rajat Gupta71% | $36 → $40 | Maintains | Overweight | Get Alert |
| 11/08/2024 | Buy Now | 42.59% | DA Davidson | Tom White57% | $26.5 → $38.5 | Maintains | Neutral | Get Alert |
| 11/08/2024 | Buy Now | 62.96% | Oppenheimer | Jed Kelly62% | $32 → $44 | Maintains | Outperform | Get Alert |
| 10/22/2024 | Buy Now | 29.63% | BTIG | Marvin Fong64% | $30 → $35 | Maintains | Buy | Get Alert |
| 10/22/2024 | Buy Now | 40.74% | Jefferies | John Colantuoni58% | $35 → $38 | Maintains | Buy | Get Alert |
| 09/10/2024 | Buy Now | -1.85% | DA Davidson | Tom White57% | $26.5 → $26.5 | Maintains | Neutral | Get Alert |
| 09/09/2024 | Buy Now | 18.52% | JMP Securities | Nicholas Jones77% | $32 → $32 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/12/2024 | Buy Now | 18.52% | JMP Securities | Nicholas Jones77% | $30 → $32 | Maintains | Market Outperform | Get Alert |
| 08/12/2024 | Buy Now | 18.52% | JP Morgan | Rajat Gupta71% | $29 → $32 | Maintains | Overweight | Get Alert |
| 08/09/2024 | Buy Now | 11.11% | RBC Capital | Brad Erickson68% | $27 → $30 | Maintains | Outperform | Get Alert |
| 08/09/2024 | Buy Now | 11.11% | BTIG | Marvin Fong64% | $28 → $30 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | 11.11% | B. Riley Securities | Naved Khan73% | $28 → $30 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | 18.52% | Oppenheimer | Jed Kelly62% | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/09/2024 | Buy Now | — | Needham | Chris Pierce40% | $25 → $27 | Maintains | Buy | Get Alert |
| 07/10/2024 | Buy Now | 11.11% | JMP Securities | Nicholas Jones77% | $30 → $30 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 07/03/2024 | Buy Now | — | Citigroup | Ronald Josey70% | $24 → $27 | Maintains | Neutral | Get Alert |
| 06/07/2024 | Buy Now | 11.11% | JMP Securities | Nicholas Jones77% | → $30 | Upgrade | Market Perform → Market Outperform | Get Alert |
| 05/13/2024 | Buy Now | -5.56% | DA Davidson | Tom White57% | $22 → $25.5 | Maintains | Neutral | Get Alert |
| 05/10/2024 | Buy Now | 7.41% | JP Morgan | Rajat Gupta71% | $27 → $29 | Maintains | Overweight | Get Alert |
| 05/10/2024 | Buy Now | — | RBC Capital | Brad Erickson68% | $26 → $27 | Maintains | Outperform | Get Alert |
| 05/10/2024 | Buy Now | -7.41% | Needham | Chris Pierce40% | $24 → $25 | Maintains | Buy | Get Alert |
| 04/17/2024 | Buy Now | — | JMP Securities | Nicholas Jones77% | — | Reiterates | → Market Perform | Get Alert |
| 03/15/2024 | Buy Now | — | UBS | Kunal Madhukar73% | $26 → $27 | Maintains | Neutral | Get Alert |
| 02/27/2024 | Buy Now | -11.11% | Needham | Chris Pierce40% | $22 → $24 | Maintains | Buy | Get Alert |
| 02/27/2024 | Buy Now | 11.11% | Oppenheimer | Jed Kelly62% | $26 → $30 | Maintains | Outperform | Get Alert |
| 01/16/2024 | Buy Now | -3.7% | UBS | Kunal Madhukar73% | $22 → $26 | Maintains | Neutral | Get Alert |
| 11/08/2023 | Buy Now | -18.52% | Needham | Chris Pierce40% | → $22 | Reiterates | Buy → Buy | Get Alert |
| 09/15/2023 | Buy Now | -22.22% | UBS | Kunal Madhukar73% | → $21 | Initiates | → Neutral | Get Alert |
| 08/14/2023 | Buy Now | — | JP Morgan | Rajat Gupta71% | $29 → $27 | Maintains | Overweight | Get Alert |
| 08/11/2023 | Buy Now | -22.22% | DA Davidson | Tom White57% | $20 → $21 | Maintains | Neutral | Get Alert |
| 08/10/2023 | Buy Now | -18.52% | Needham | Chris Pierce40% | $20 → $22 | Maintains | Buy | Get Alert |
| 08/01/2023 | Buy Now | -11.11% | Citigroup | Ronald Josey70% | $18 → $24 | Maintains | Neutral | Get Alert |
| 07/25/2023 | Buy Now | — | Jefferies | John Colantuoni58% | $24 → $27 | Maintains | Buy | Get Alert |
| 07/20/2023 | Buy Now | 3.7% | B. Riley Securities | Naved Khan73% | → $28 | Initiates | → Buy | Get Alert |
| 07/05/2023 | Buy Now | -44.44% | Piper Sandler | Alexander Potter75% | $12 → $15 | Maintains | Underweight | Get Alert |
| 06/29/2023 | Buy Now | -3.7% | BTIG | Marvin Fong64% | $22 → $26 | Maintains | Buy | Get Alert |
| 06/27/2023 | Buy Now | 7.41% | JP Morgan | Rajat Gupta71% | → $29 | Initiates | → Overweight | Get Alert |
| 05/31/2023 | Buy Now | — | JMP Securities | Ronald Josey70% | — | Reiterates | Market Perform → Market Perform | Get Alert |
| 05/12/2023 | Buy Now | -11.11% | Oppenheimer | Jed Kelly62% | $21 → $24 | Maintains | Outperform | Get Alert |
| 05/11/2023 | Buy Now | -22.22% | Raymond James | Aaron Kessler75% | $20 → $21 | Maintains | Outperform | Get Alert |
| 05/10/2023 | Buy Now | -11.11% | RBC Capital | Brad Erickson68% | $22 → $24 | Maintains | Outperform | Get Alert |
| 05/10/2023 | Buy Now | -25.93% | DA Davidson | Tom White57% | $18 → $20 | Maintains | Neutral | Get Alert |
| 05/10/2023 | Buy Now | -25.93% | Needham | Chris Pierce40% | → $20 | Reiterates | → Buy | Get Alert |
| 03/03/2023 | Buy Now | -33.33% | DA Davidson | Tom White57% | $11.5 → $18 | Maintains | Neutral | Get Alert |
| 03/01/2023 | Buy Now | -18.52% | RBC Capital | Brad Erickson68% | $19 → $22 | Maintains | Outperform | Get Alert |
| 03/01/2023 | Buy Now | -22.22% | Oppenheimer | Jed Kelly62% | $16 → $21 | Maintains | Outperform | Get Alert |
| 03/01/2023 | Buy Now | -33.33% | Citigroup | Ronald Josey70% | $14 → $18 | Maintains | Neutral | Get Alert |
| 03/01/2023 | Buy Now | -25.93% | Raymond James | Aaron Kessler75% | $16 → $20 | Maintains | Outperform | Get Alert |
| 03/01/2023 | Buy Now | -25.93% | Needham | Chris Pierce40% | → $20 | Reiterates | → Buy | Get Alert |
| 02/16/2023 | Buy Now | -55.56% | Piper Sandler | Alexander Potter75% | → $12 | Downgrade | Neutral → Underweight | Get Alert |
| 12/13/2022 | Buy Now | -48.15% | Citigroup | Ronald Josey70% | → $14 | Assumes | → Neutral | Get Alert |
| 11/09/2022 | Buy Now | -57.41% | DA Davidson | Tom White57% | $30 → $11.5 | Maintains | Neutral | Get Alert |
| 11/09/2022 | Buy Now | -29.63% | RBC Capital | Brad Erickson68% | $35 → $19 | Maintains | Outperform | Get Alert |
| 11/09/2022 | Buy Now | -40.74% | Raymond James | Aaron Kessler75% | $20 → $16 | Maintains | Outperform | Get Alert |
| 11/09/2022 | Buy Now | -40.74% | Needham | Chris Pierce40% | $21 → $16 | Maintains | Buy | Get Alert |
| 10/18/2022 | Buy Now | 14.81% | Truist Securities | Naved Khan73% | $38 → $31 | Maintains | Buy | Get Alert |
| 10/06/2022 | Buy Now | -25.93% | Jefferies | John Colantuoni58% | $32 → $20 | Maintains | Buy | Get Alert |
| 09/30/2022 | Buy Now | -25.93% | Raymond James | Aaron Kessler75% | $28 → $20 | Maintains | Outperform | Get Alert |
| 09/20/2022 | Buy Now | -7.41% | BTIG | Marvin Fong64% | $30 → $25 | Maintains | Buy | Get Alert |
| 09/20/2022 | Buy Now | -22.22% | Needham | Chris Pierce40% | $27 → $21 | Maintains | Buy | Get Alert |
| 08/09/2022 | Buy Now | 11.11% | DA Davidson | Tom White57% | $34 → $30 | Maintains | Neutral | Get Alert |
| 08/09/2022 | Buy Now | 40.74% | Truist Securities | Naved Khan73% | $44 → $38 | Maintains | Buy | Get Alert |
| 08/09/2022 | Buy Now | — | Needham | Chris Pierce40% | $32 → $27 | Maintains | Buy | Get Alert |
| 08/09/2022 | Buy Now | 3.7% | Raymond James | Aaron Kessler75% | $34 → $28 | Maintains | Outperform | Get Alert |
| 08/09/2022 | Buy Now | 29.63% | RBC Capital | Brad Erickson68% | $45 → $35 | Maintains | Outperform | Get Alert |
| 07/25/2022 | Buy Now | 62.96% | Truist Securities | Naved Khan73% | $53 → $44 | Maintains | Buy | Get Alert |
| 07/05/2022 | Buy Now | 18.52% | Needham | Chris Pierce40% | $40 → $32 | Maintains | Buy | Get Alert |
| 06/21/2022 | Buy Now | 22.22% | BTIG | Marvin Fong64% | $40 → $33 | Maintains | Buy | Get Alert |
| 05/10/2022 | Buy Now | 25.93% | DA Davidson | Tom White57% | $52 → $34 | Maintains | Neutral | Get Alert |
| 05/10/2022 | Buy Now | 66.67% | RBC Capital | Brad Erickson68% | $56 → $45 | Maintains | Outperform | Get Alert |
| 05/10/2022 | Buy Now | 25.93% | Raymond James | Aaron Kessler75% | $52 → $34 | Maintains | Outperform | Get Alert |
| 05/10/2022 | Buy Now | 48.15% | Needham | Chris Pierce40% | $52 → $40 | Maintains | Buy | Get Alert |
FAQ
What is the target price for CarGurus (CARG) stock?
The latest price target for CarGurus (NASDAQ:CARG) was reported by UBS on April 10, 2025. The analyst firm set a price target for $29.00 expecting CARG to rise to within 12 months (a possible 7.41% upside). 36 analyst firms have reported ratings in the last year.
What is the most recent analyst rating for CarGurus (CARG)?
The latest analyst rating for CarGurus (NASDAQ:CARG) was provided by UBS, and CarGurus maintained their neutral rating.
When was the last upgrade for CarGurus (CARG)?
The last upgrade for CarGurus Inc happened on June 7, 2024 when JMP Securities raised their price target to $30. JMP Securities previously had a market perform for CarGurus Inc.
When was the last downgrade for CarGurus (CARG)?
The last downgrade for CarGurus Inc happened on March 27, 2025 when JP Morgan changed their price target from $42 to $34 for CarGurus Inc.
When is the next analyst rating going to be posted or updated for CarGurus (CARG)?
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of CarGurus, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for CarGurus was filed on April 10, 2025 so you should expect the next rating to be made available sometime around April 10, 2026.
Is the Analyst Rating CarGurus (CARG) correct?
While ratings are subjective and will change, the latest CarGurus (CARG) rating was a maintained with a price target of $36.00 to $29.00. The current price CarGurus (CARG) is trading at is $27.00, which is out of the analyst’s predicted range.
Browse analyst ratings and price targets on all stocks.