
CarGurus (CARG) Stock Forecast & Price Target
CarGurus (CARG) Analyst Ratings
Bulls say
CarGurus Inc. demonstrated a robust financial performance with consolidated Quarterly Average Revenue per Subscription Dealer (QARSD) increasing by 12% year-over-year, along with sustained marketplace revenue growth of 15% year-over-year, reaching $210 million. The company’s dealer engagement metrics are also promising, with total dealers reaching 32,010, reflecting a 3% increase year-over-year, while international dealer growth surged by 11% year-over-year. Additionally, the strong adoption of new products, specifically a 105% year-over-year increase in Digital Deal adoption, indicates effective innovation strategies that enhance dealer engagement and revenue streams.
Bears say
CarGurus Inc. has exhibited a negative outlook primarily due to its guidance for 1Q25, which indicated revenue below consensus expectations and ongoing pressures in its Digital Wholesale segment, specifically CarOffer, contributing to a decline in share price of approximately 7% in aftermarket trading. Despite reporting adjusted EBITDA that surpassed market expectations, the overall revenue was slightly below consensus, prompting a downward revision of top-line estimates reflecting management's conservative outlook. Furthermore, the company's struggles in making meaningful progress within the digital wholesale sector have led to a compression of growth multiples, highlighting the diminishing momentum from recent price increases and new product introductions.
This aggregate rating is based on analysts' research of CarGurus and is not a guaranteed prediction by Public.com or investment advice.
CarGurus (CARG) Analyst Forecast & Price Prediction
Start investing in CarGurus (CARG)
Order type
Buy in
Order amount
Est. shares
0 shares