On July 14, 2025, Gordon Haskett initiated coverage on CarGurus (CARG, Financial), assigning a 'Hold' rating to the stock. This represents the first time the analyst firm has provided a formal evaluation for CarGurus, a leading online automotive marketplace.
The analyst responsible for this report, Robert Mollins, has announced a price target of USD 35.00 for CARG. This price target serves as a guidepost for investors, indicating the firm's valuation of CarGurus' stock price based on its current market position and future growth potential.
With this initiation, CarGurus (CARG, Financial) moves forward without a prior comparison, as no previous ratings or price targets were disclosed from Gordon Haskett for this particular company. The 'Hold' rating suggests that investors should maintain their current positions with an expectation of steady performance relative to the market.
This initiation by Gordon Haskett adds to the pool of professional analyses available for CarGurus (CARG, Financial), offering investors an additional perspective when considering investment decisions. The reported price target is aligned with the firm's objective analysis of the stock's valuation in relation to market trends and the company's strategic direction.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for CarGurus Inc (CARG, Financial) is $39.00 with a high estimate of $42.00 and a low estimate of $33.00. The average target implies an upside of 13.62% from the current price of $34.33. 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 2.1, 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 $23.90, suggesting a downside of 30.37% from the current price of $34.325. 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.
