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$31.35
-0.05-0.16%
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CarGurus Analyst Ratings and Price Targets | NASDAQ:CARG | Benzinga
CarGurus Inc has a consensus price target of $35.5 based on the ratings of 16 analysts. The high is $46 issued by JMP Securities on December 16, 2024. The low is $15 issued by Piper Sandler on July 5, 2023. The 3 most-recent analyst ratings were released by Oppenheimer, Citizens Capital Markets, and JP Morgan on February 24, 2025, February 21, 2025, and February 21, 2025, respectively. With an average price target of $42.33 between Oppenheimer, Citizens Capital Markets, and JP Morgan, there's an implied 35.03% upside for CarGurus Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Oppenheimer
Citizens Capital Markets
JP Morgan
Needham
JMP Securities
1calculated from analyst ratings
Analyst Ratings for CarGurus
| Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
| 02/24/2025 | Buy Now | 33.97% | Oppenheimer | Jed Kelly63% | $44 → $42 | Maintains | Outperform | Get Alert |
| 02/21/2025 | Buy Now | 37.16% | Citizens Capital Markets | Nicholas Jones79% | $46 → $43 | Maintains | Market Outperform | Get Alert |
| 02/21/2025 | Buy Now | 33.97% | JP Morgan | Rajat Gupta70% | $40 → $42 | Maintains | Overweight | Get Alert |
| 02/21/2025 | Buy Now | 43.54% | Needham | Chris Pierce40% | $45 → $45 | Reiterates | Buy → Buy | Get Alert |
| 01/16/2025 | Buy Now | 43.54% | Needham | Chris Pierce40% | $39 → $45 | Maintains | Buy | Get Alert |
| 12/16/2024 | Buy Now | 46.73% | JMP Securities | Nicholas Jones79% | $46 → $46 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 11/22/2024 | Buy Now | 46.73% | JMP Securities | Nicholas Jones79% | $41 → $46 | Maintains | Market Outperform | Get Alert |
| 11/11/2024 | Buy Now | 33.97% | RBC Capital | Brad Erickson69% | $30 → $42 | Maintains | Outperform | Get Alert |
| 11/11/2024 | Buy Now | 27.59% | B. Riley Securities | Naved Khan74% | $30 → $40 | Maintains | Buy | Get Alert |
| 11/11/2024 | Buy Now | 30.78% | JMP Securities | Nicholas Jones79% | $32 → $41 | Maintains | Market Outperform | Get Alert |
| 11/08/2024 | Buy Now | 24.4% | Needham | Chris Pierce40% | $27 → $39 | Maintains | Buy | Get Alert |
| 11/08/2024 | Buy Now | 27.59% | JP Morgan | Rajat Gupta70% | $36 → $40 | Maintains | Overweight | Get Alert |
| 11/08/2024 | Buy Now | 22.81% | DA Davidson | Tom White57% | $26.5 → $38.5 | Maintains | Neutral | Get Alert |
| 11/08/2024 | Buy Now | 40.35% | Oppenheimer | Jed Kelly63% | $32 → $44 | Maintains | Outperform | Get Alert |
| 10/22/2024 | Buy Now | 11.64% | BTIG | Marvin Fong64% | $30 → $35 | Maintains | Buy | Get Alert |
| 10/22/2024 | Buy Now | 21.21% | Jefferies | John Colantuoni57% | $35 → $38 | Maintains | Buy | Get Alert |
| 09/10/2024 | Buy Now | -15.47% | DA Davidson | Tom White57% | $26.5 → $26.5 | Maintains | Neutral | Get Alert |
| 09/09/2024 | Buy Now | 2.07% | JMP Securities | Nicholas Jones79% | $32 → $32 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 08/12/2024 | Buy Now | 2.07% | JMP Securities | Nicholas Jones79% | $30 → $32 | Maintains | Market Outperform | Get Alert |
| 08/12/2024 | Buy Now | 2.07% | JP Morgan | Rajat Gupta70% | $29 → $32 | Maintains | Overweight | Get Alert |
| 08/09/2024 | Buy Now | -4.31% | RBC Capital | Brad Erickson69% | $27 → $30 | Maintains | Outperform | Get Alert |
| 08/09/2024 | Buy Now | -4.31% | BTIG | Marvin Fong64% | $28 → $30 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | -4.31% | B. Riley Securities | Naved Khan74% | $28 → $30 | Maintains | Buy | Get Alert |
| 08/09/2024 | Buy Now | 2.07% | Oppenheimer | Jed Kelly63% | $30 → $32 | Maintains | Outperform | Get Alert |
| 08/09/2024 | Buy Now | -13.88% | Needham | Chris Pierce40% | $25 → $27 | Maintains | Buy | Get Alert |
| 07/10/2024 | Buy Now | -4.31% | JMP Securities | Nicholas Jones79% | $30 → $30 | Reiterates | Market Outperform → Market Outperform | Get Alert |
| 07/03/2024 | Buy Now | -13.88% | Citigroup | Ronald Josey71% | $24 → $27 | Maintains | Neutral | Get Alert |
| 06/07/2024 | Buy Now | -4.31% | JMP Securities | Nicholas Jones79% | → $30 | Upgrade | Market Perform → Market Outperform | Get Alert |
| 05/13/2024 | Buy Now | -18.66% | DA Davidson | Tom White57% | $22 → $25.5 | Maintains | Neutral | Get Alert |
| 05/10/2024 | Buy Now | -7.5% | JP Morgan | Rajat Gupta70% | $27 → $29 | Maintains | Overweight | Get Alert |
| 05/10/2024 | Buy Now | -13.88% | RBC Capital | Brad Erickson69% | $26 → $27 | Maintains | Outperform | Get Alert |
| 05/10/2024 | Buy Now | -20.26% | Needham | Chris Pierce40% | $24 → $25 | Maintains | Buy | Get Alert |
| 04/17/2024 | Buy Now | — | JMP Securities | Nicholas Jones79% | — | Reiterates | → Market Perform | Get Alert |
| 03/15/2024 | Buy Now | -13.88% | UBS | Kunal Madhukar73% | $26 → $27 | Maintains | Neutral | Get Alert |
| 02/27/2024 | Buy Now | -23.44% | Needham | Chris Pierce40% | $22 → $24 | Maintains | Buy | Get Alert |
| 02/27/2024 | Buy Now | -4.31% | Oppenheimer | Jed Kelly63% | $26 → $30 | Maintains | Outperform | Get Alert |
| 01/16/2024 | Buy Now | -17.07% | UBS | Kunal Madhukar73% | $22 → $26 | Maintains | Neutral | Get Alert |
| 11/08/2023 | Buy Now | -29.82% | Needham | Chris Pierce40% | → $22 | Reiterates | Buy → Buy | Get Alert |
| 09/15/2023 | Buy Now | -33.01% | UBS | Kunal Madhukar73% | → $21 | Initiates | → Neutral | Get Alert |
| 08/14/2023 | Buy Now | -13.88% | JP Morgan | Rajat Gupta70% | $29 → $27 | Maintains | Overweight | Get Alert |
| 08/11/2023 | Buy Now | -33.01% | DA Davidson | Tom White57% | $20 → $21 | Maintains | Neutral | Get Alert |
| 08/10/2023 | Buy Now | -29.82% | Needham | Chris Pierce40% | $20 → $22 | Maintains | Buy | Get Alert |
| 08/01/2023 | Buy Now | -23.44% | Citigroup | Ronald Josey71% | $18 → $24 | Maintains | Neutral | Get Alert |
| 07/25/2023 | Buy Now | -13.88% | Jefferies | John Colantuoni57% | $24 → $27 | Maintains | Buy | Get Alert |
| 07/20/2023 | Buy Now | -10.69% | B. Riley Securities | Naved Khan74% | → $28 | Initiates | → Buy | Get Alert |
| 07/05/2023 | Buy Now | -52.15% | Piper Sandler | Alexander Potter76% | $12 → $15 | Maintains | Underweight | Get Alert |
| 06/29/2023 | Buy Now | -17.07% | BTIG | Marvin Fong64% | $22 → $26 | Maintains | Buy | Get Alert |
| 06/27/2023 | Buy Now | -7.5% | JP Morgan | Rajat Gupta70% | → $29 | Initiates | → Overweight | Get Alert |
| 05/31/2023 | Buy Now | — | JMP Securities | Ronald Josey71% | — | Reiterates | Market Perform → Market Perform | Get Alert |
| 05/12/2023 | Buy Now | -23.44% | Oppenheimer | Jed Kelly63% | $21 → $24 | Maintains | Outperform | Get Alert |
| 05/11/2023 | Buy Now | -33.01% | Raymond James | Aaron Kessler74% | $20 → $21 | Maintains | Outperform | Get Alert |
| 05/10/2023 | Buy Now | -23.44% | RBC Capital | Brad Erickson69% | $22 → $24 | Maintains | Outperform | Get Alert |
| 05/10/2023 | Buy Now | -36.2% | DA Davidson | Tom White57% | $18 → $20 | Maintains | Neutral | Get Alert |
| 05/10/2023 | Buy Now | -36.2% | Needham | Chris Pierce40% | → $20 | Reiterates | → Buy | Get Alert |
| 03/03/2023 | Buy Now | -42.58% | DA Davidson | Tom White57% | $11.5 → $18 | Maintains | Neutral | Get Alert |
| 03/01/2023 | Buy Now | -29.82% | RBC Capital | Brad Erickson69% | $19 → $22 | Maintains | Outperform | Get Alert |
| 03/01/2023 | Buy Now | -33.01% | Oppenheimer | Jed Kelly63% | $16 → $21 | Maintains | Outperform | Get Alert |
| 03/01/2023 | Buy Now | -42.58% | Citigroup | Ronald Josey71% | $14 → $18 | Maintains | Neutral | Get Alert |
| 03/01/2023 | Buy Now | -36.2% | Raymond James | Aaron Kessler74% | $16 → $20 | Maintains | Outperform | Get Alert |
| 03/01/2023 | Buy Now | -36.2% | Needham | Chris Pierce40% | → $20 | Reiterates | → Buy | Get Alert |
| 02/16/2023 | Buy Now | -61.72% | Piper Sandler | Alexander Potter76% | → $12 | Downgrade | Neutral → Underweight | Get Alert |
| 12/13/2022 | Buy Now | -55.34% | Citigroup | Ronald Josey71% | → $14 | Assumes | → Neutral | Get Alert |
| 11/09/2022 | Buy Now | -63.32% | DA Davidson | Tom White57% | $30 → $11.5 | Maintains | Neutral | Get Alert |
| 11/09/2022 | Buy Now | -39.39% | RBC Capital | Brad Erickson69% | $35 → $19 | Maintains | Outperform | Get Alert |
| 11/09/2022 | Buy Now | -48.96% | Raymond James | Aaron Kessler74% | $20 → $16 | Maintains | Outperform | Get Alert |
| 11/09/2022 | Buy Now | -48.96% | Needham | Chris Pierce40% | $21 → $16 | Maintains | Buy | Get Alert |
| 10/18/2022 | Buy Now | -1.12% | Truist Securities | Naved Khan74% | $38 → $31 | Maintains | Buy | Get Alert |
| 10/06/2022 | Buy Now | -36.2% | Jefferies | John Colantuoni57% | $32 → $20 | Maintains | Buy | Get Alert |
| 09/30/2022 | Buy Now | -36.2% | Raymond James | Aaron Kessler74% | $28 → $20 | Maintains | Outperform | Get Alert |
| 09/20/2022 | Buy Now | -20.26% | BTIG | Marvin Fong64% | $30 → $25 | Maintains | Buy | Get Alert |
| 09/20/2022 | Buy Now | -33.01% | Needham | Chris Pierce40% | $27 → $21 | Maintains | Buy | Get Alert |
| 08/09/2022 | Buy Now | -4.31% | DA Davidson | Tom White57% | $34 → $30 | Maintains | Neutral | Get Alert |
| 08/09/2022 | Buy Now | 21.21% | Truist Securities | Naved Khan74% | $44 → $38 | Maintains | Buy | Get Alert |
| 08/09/2022 | Buy Now | -13.88% | Needham | Chris Pierce40% | $32 → $27 | Maintains | Buy | Get Alert |
| 08/09/2022 | Buy Now | -10.69% | Raymond James | Aaron Kessler74% | $34 → $28 | Maintains | Outperform | Get Alert |
| 08/09/2022 | Buy Now | 11.64% | RBC Capital | Brad Erickson69% | $45 → $35 | Maintains | Outperform | Get Alert |
| 07/25/2022 | Buy Now | 40.35% | Truist Securities | Naved Khan74% | $53 → $44 | Maintains | Buy | Get Alert |
| 07/05/2022 | Buy Now | 2.07% | Needham | Chris Pierce40% | $40 → $32 | Maintains | Buy | Get Alert |
| 06/21/2022 | Buy Now | 5.26% | BTIG | Marvin Fong64% | $40 → $33 | Maintains | Buy | Get Alert |
| 05/10/2022 | Buy Now | 8.45% | DA Davidson | Tom White57% | $52 → $34 | Maintains | Neutral | Get Alert |
| 05/10/2022 | Buy Now | 43.54% | RBC Capital | Brad Erickson69% | $56 → $45 | Maintains | Outperform | Get Alert |
| 05/10/2022 | Buy Now | 8.45% | Raymond James | Aaron Kessler74% | $52 → $34 | Maintains | Outperform | Get Alert |
| 05/10/2022 | Buy Now | 27.59% | Needham | Chris Pierce40% | $52 → $40 | Maintains | Buy | Get Alert |
| 03/30/2022 | Buy Now | 27.59% | Piper Sandler | Alexander Potter76% | $35 → $40 | Maintains | Neutral | Get Alert |
FAQ
What is the target price for CarGurus (CARG) stock?
The latest price target for CarGurus (NASDAQ:CARG) was reported by Oppenheimer on February 24, 2025. The analyst firm set a price target for $42.00 expecting CARG to rise to within 12 months (a possible 33.97% upside). 33 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 Oppenheimer, and CarGurus maintained their outperform 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 February 16, 2023 when Piper Sandler changed their price target from N/A to $12 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 February 24, 2025 so you should expect the next rating to be made available sometime around February 24, 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 $44.00 to $42.00. The current price CarGurus (CARG) is trading at is $31.35, which is out of the analyst’s predicted range.
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