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CarGurus Analyst Ratings and Price Targets | NASDAQ:CARG | Benzinga
CarGurus Inc has a consensus price target of $37.22 based on the ratings of 17 analysts. The high is $44 issued by Needham on August 8, 2025. The low is $15 issued by Piper Sandler on July 5, 2023. The 3 most-recent analyst ratings were released by Citigroup, JP Morgan, and UBS on October 28, 2025, October 14, 2025, and October 6, 2025, respectively. With an average price target of $41.33 between Citigroup, JP Morgan, and UBS, there's an implied 21.57% upside for CarGurus Inc from these most-recent analyst ratings.
Analyst Firms Making Recommendations1
Citigroup
JP Morgan
UBS
BTIG
Oppenheimer
1calculated from analyst ratings
Analyst Ratings for CarGurus
Buy Now | Get Alert | |||||||
|---|---|---|---|---|---|---|---|---|
10/28/2025 | 20.59% | Citigroup | $37 → $41 | Maintains | Neutral | |||
10/14/2025 | 26.47% | JP Morgan | $38 → $43 | Maintains | Neutral | |||
10/06/2025 | 17.65% | UBS | $36 → $40 | Maintains | Neutral | |||
09/05/2025 | 14.71% | BTIG | $39 → $39 | Reiterates | Buy → Buy | |||
08/12/2025 | 17.65% | Oppenheimer | $42 → $40 | Maintains | Outperform | |||
08/08/2025 | 5.88% | UBS | $33 → $36 | Maintains | Neutral | |||
08/08/2025 | 29.41% | Needham | $39 → $44 | Maintains | Buy | |||
07/14/2025 | 2.94% | Gordon Haskett | → $35 | Initiates | → Hold | |||
07/03/2025 | 8.82% | Citigroup | $40 → $37 | Maintains | Neutral | |||
07/02/2025 | 11.76% | JMP Securities | $38 → $38 | Downgrade | Market Outperform → Market Perform | |||
05/12/2025 | 23.53% | RBC Capital | $42 → $42 | Reiterates | Outperform → Outperform | |||
05/09/2025 | -2.94% | UBS | $29 → $33 | Maintains | Neutral | |||
05/09/2025 | 14.71% | Needham | $45 → $39 | Maintains | Buy | |||
04/10/2025 | -14.71% | UBS | $36 → $29 | Maintains | Neutral | |||
04/09/2025 | 11.76% | JMP Securities | $43 → $38 | Maintains | Market Outperform | |||
03/27/2025 | — | JP Morgan | $42 → $34 | Downgrade | Overweight → Neutral | |||
02/24/2025 | 23.53% | Oppenheimer | $44 → $42 | Maintains | Outperform | |||
02/21/2025 | 26.47% | Citizens Capital Markets | $46 → $43 | Maintains | Market Outperform | |||
02/21/2025 | 23.53% | JP Morgan | $40 → $42 | Maintains | Overweight | |||
02/21/2025 | 32.35% | Needham | $45 → $45 | Reiterates | Buy → Buy | |||
01/16/2025 | 32.35% | Needham | $39 → $45 | Maintains | Buy | |||
12/16/2024 | 35.29% | JMP Securities | $46 → $46 | Reiterates | Market Outperform → Market Outperform | |||
11/22/2024 | 35.29% | JMP Securities | $41 → $46 | Maintains | Market Outperform | |||
11/11/2024 | 23.53% | RBC Capital | $30 → $42 | Maintains | Outperform | |||
11/11/2024 | 17.65% | B. Riley Securities | $30 → $40 | Maintains | Buy | |||
11/11/2024 | 20.59% | JMP Securities | $32 → $41 | Maintains | Market Outperform | |||
11/08/2024 | 14.71% | Needham | $27 → $39 | Maintains | Buy | |||
11/08/2024 | 17.65% | JP Morgan | $36 → $40 | Maintains | Overweight | |||
11/08/2024 | 13.24% | DA Davidson | $26.5 → $38.5 | Maintains | Neutral | |||
11/08/2024 | 29.41% | Oppenheimer | $32 → $44 | Maintains | Outperform | |||
10/22/2024 | 2.94% | BTIG | $30 → $35 | Maintains | Buy | |||
10/22/2024 | 11.76% | Jefferies | $35 → $38 | Maintains | Buy | |||
09/10/2024 | -22.06% | DA Davidson | $26.5 → $26.5 | Maintains | Neutral | |||
09/09/2024 | -5.88% | JMP Securities | $32 → $32 | Reiterates | Market Outperform → Market Outperform | |||
08/12/2024 | -5.88% | JMP Securities | $30 → $32 | Maintains | Market Outperform | |||
08/12/2024 | -5.88% | JP Morgan | $29 → $32 | Maintains | Overweight | |||
08/09/2024 | -11.76% | RBC Capital | $27 → $30 | Maintains | Outperform | |||
08/09/2024 | -11.76% | BTIG | $28 → $30 | Maintains | Buy | |||
08/09/2024 | -11.76% | B. Riley Securities | $28 → $30 | Maintains | Buy | |||
08/09/2024 | -5.88% | Oppenheimer | $30 → $32 | Maintains | Outperform | |||
08/09/2024 | -20.59% | Needham | $25 → $27 | Maintains | Buy | |||
07/10/2024 | -11.76% | JMP Securities | $30 → $30 | Reiterates | Market Outperform → Market Outperform | |||
07/03/2024 | -20.59% | Citigroup | $24 → $27 | Maintains | Neutral | |||
06/07/2024 | -11.76% | JMP Securities | → $30 | Upgrade | Market Perform → Market Outperform | |||
05/13/2024 | -25% | DA Davidson | $22 → $25.5 | Maintains | Neutral | |||
05/10/2024 | -14.71% | JP Morgan | $27 → $29 | Maintains | Overweight | |||
05/10/2024 | -20.59% | RBC Capital | $26 → $27 | Maintains | Outperform | |||
05/10/2024 | -26.47% | Needham | $24 → $25 | Maintains | Buy | |||
04/17/2024 | — | JMP Securities | — | Reiterates | → Market Perform | |||
03/15/2024 | -20.59% | UBS | $26 → $27 | Maintains | Neutral | |||
02/27/2024 | -29.41% | Needham | $22 → $24 | Maintains | Buy | |||
02/27/2024 | -11.76% | Oppenheimer | $26 → $30 | Maintains | Outperform | |||
01/16/2024 | -23.53% | UBS | $22 → $26 | Maintains | Neutral | |||
11/08/2023 | -35.29% | Needham | → $22 | Reiterates | Buy → Buy | |||
09/15/2023 | -38.24% | UBS | → $21 | Initiates | → Neutral | |||
08/14/2023 | -20.59% | JP Morgan | $29 → $27 | Maintains | Overweight | |||
08/11/2023 | -38.24% | DA Davidson | $20 → $21 | Maintains | Neutral | |||
08/10/2023 | -35.29% | Needham | $20 → $22 | Maintains | Buy | |||
08/01/2023 | -29.41% | Citigroup | $18 → $24 | Maintains | Neutral | |||
07/25/2023 | -20.59% | Jefferies | $24 → $27 | Maintains | Buy | |||
07/20/2023 | -17.65% | B. Riley Securities | → $28 | Initiates | → Buy | |||
07/05/2023 | -55.88% | Piper Sandler | $12 → $15 | Maintains | Underweight | |||
06/29/2023 | -23.53% | BTIG | $22 → $26 | Maintains | Buy | |||
06/27/2023 | -14.71% | JP Morgan | → $29 | Initiates | → Overweight | |||
05/31/2023 | — | JMP Securities | — | Reiterates | Market Perform → Market Perform | |||
05/12/2023 | -29.41% | Oppenheimer | $21 → $24 | Maintains | Outperform | |||
05/11/2023 | -38.24% | Raymond James | $20 → $21 | Maintains | Outperform | |||
05/10/2023 | -29.41% | RBC Capital | $22 → $24 | Maintains | Outperform | |||
05/10/2023 | -41.18% | DA Davidson | $18 → $20 | Maintains | Neutral | |||
05/10/2023 | -41.18% | Needham | → $20 | Reiterates | → Buy | |||
03/03/2023 | -47.06% | DA Davidson | $11.5 → $18 | Maintains | Neutral | |||
03/01/2023 | -35.29% | RBC Capital | $19 → $22 | Maintains | Outperform | |||
03/01/2023 | -38.24% | Oppenheimer | $16 → $21 | Maintains | Outperform | |||
03/01/2023 | -47.06% | Citigroup | $14 → $18 | Maintains | Neutral | |||
03/01/2023 | -41.18% | Raymond James | $16 → $20 | Maintains | Outperform | |||
03/01/2023 | -41.18% | Needham | → $20 | Reiterates | → Buy | |||
02/16/2023 | -64.71% | Piper Sandler | → $12 | Downgrade | Neutral → Underweight | |||
12/13/2022 | -58.82% | Citigroup | → $14 | Assumes | → Neutral | |||
11/09/2022 | -66.18% | DA Davidson | $30 → $11.5 | Maintains | Neutral | |||
11/09/2022 | -44.12% | RBC Capital | $35 → $19 | Maintains | Outperform | |||
11/09/2022 | -52.94% | Raymond James | $20 → $16 | Maintains | Outperform | |||
11/09/2022 | -52.94% | Needham | $21 → $16 | Maintains | Buy |
FAQ
What is the target price for CarGurus (CARG) stock?
The latest price target for CarGurus (NASDAQ:CARG) was reported by Citigroup on October 28, 2025. The analyst firm set a price target for $41.00 expecting CARG to rise to within 12 months (a possible 20.59% upside). 30 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 Citigroup, 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 July 2, 2025 when JMP Securities changed their price target from $38 to $38 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 October 28, 2025 so you should expect the next rating to be made available sometime around October 28, 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 $37.00 to $41.00. The current price CarGurus (CARG) is trading at is $34.00, which is out of the analyst’s predicted range.
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