CarGurus, Inc. (CARG, Financial), an online automotive marketplace, has witnessed changes in its stock valuation assessment by the firm Needham. Analyst Chris Pierce from Needham has maintained a 'Buy' rating on CarGurus, showcasing continued confidence in the stock's potential.
However, the analyst has adjusted the price target for CarGurus (CARG, Financial), lowering it from a prior target of $45.00 to a new target of $39.00. This signifies a decrease of 13.33% in the price target valuation. Despite the adjustment, the 'Buy' rating remains unchanged, indicating that the analyst still sees positive attributes in CarGurus' market position and future growth prospects.
This update is part of the regular assessment to align market expectations with current financial and market conditions. Stakeholders of CarGurus (CARG, Financial) are recommended to consider such updates when evaluating their investment decisions.
The information is based on the latest analyst report dated May 9, 2025. Investors may want to keep an eye on further developments related to CarGurus (CARG, Financial) as the automotive marketplace continues to navigate the evolving market landscape.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 12 analysts, the average target price for CarGurus Inc (CARG, Financial) is $37.54 with a high estimate of $45.00 and a low estimate of $16.00. The average target implies an upside of 34.32% from the current price of $27.95. More detailed estimate data can be found on the CarGurus Inc (CARG) Forecast page.
Based on the consensus recommendation from 13 brokerage firms, CarGurus Inc's (CARG, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for CarGurus Inc (CARG, Financial) in one year is $22.95, suggesting a downside of 17.89% from the current price of $27.95. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the CarGurus Inc (CARG) Summary page.
