CarGurus (CARG) Stock Overview
Operates an online automotive platform for buying and selling vehicles in the United States and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 4/6 |
| Future Growth | 4/6 |
| Past Performance | 3/6 |
| Financial Health | 6/6 |
| Dividends | 0/6 |
CARG Community Fair Values
Create NarrativeSee what 36 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
CarGurus, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$34.70 |
| 52 Week High | US$41.22 |
| 52 Week Low | US$26.39 |
| Beta | 1.16 |
| 1 Month Change | -4.20% |
| 3 Month Change | 15.59% |
| 1 Year Change | -7.64% |
| 3 Year Change | 97.72% |
| 5 Year Change | 8.44% |
| Change since IPO | 25.82% |
Recent News & Updates
Seeking Alpha • Sep 09
CarGurus: Consistent Dealer Adds And Shrinking Share Count
Summary CarGurus offers a compelling diversification play amid market volatility, with strong fundamentals and a leading position in online used car research. CARG boasts 90%+ gross margins, robust buybacks reducing share count by 30% since 2022, and zero debt, supporting a solid balance sheet. Recent Q2 results showed 13.1% y/y revenue growth, margin expansion, and EPS outperformance, despite macro headwinds in the dealer environment. At 8.5x EV/FY26 adjusted EBITDA, CARG’s valuation reflects both risk and upside; I reiterate a buy rating and recommend staying long. Read the full article on Seeking Alpha
Narrative Update • Aug 22
CARG: Higher Margins And Dealer Monetization Are Expected To Drive Future Upside
Analysts have raised their blended price target on CarGurus from about $39 to roughly $41.50, citing solid Q2 execution, an expanding software suite, and improved efficiency that they say supports a higher fair value and a lower implied future P/E. Analyst Commentary Street research on CarGurus has leaned constructive around the recent Q2 update, with several firms lifting price targets and focusing on execution, product depth, and margin outlook.Recent updates
Seeking Alpha • Sep 09
CarGurus: Consistent Dealer Adds And Shrinking Share Count
Summary CarGurus offers a compelling diversification play amid market volatility, with strong fundamentals and a leading position in online used car research. CARG boasts 90%+ gross margins, robust buybacks reducing share count by 30% since 2022, and zero debt, supporting a solid balance sheet. Recent Q2 results showed 13.1% y/y revenue growth, margin expansion, and EPS outperformance, despite macro headwinds in the dealer environment. At 8.5x EV/FY26 adjusted EBITDA, CARG’s valuation reflects both risk and upside; I reiterate a buy rating and recommend staying long. Read the full article on Seeking AlphaNarrative Update • Aug 22
CARG: Higher Margins And Dealer Monetization Are Expected To Drive Future Upside
Analysts have raised their blended price target on CarGurus from about $39 to roughly $41.50, citing solid Q2 execution, an expanding software suite, and improved efficiency that they say supports a higher fair value and a lower implied future P/E. Analyst Commentary Street research on CarGurus has leaned constructive around the recent Q2 update, with several firms lifting price targets and focusing on execution, product depth, and margin outlook.Narrative Update • Aug 07
CARG: Dealer Monetization And Margins To Shape Measured Future Upside
Analysts have raised the CarGurus fair value estimate from about $37.38 to $39.15, reflecting higher price targets after Q2 results that were ahead of expectations, a firmer margin outlook into fiscal 2026, and continued traction in data-driven dealer products. Analyst Commentary Recent Street research on CarGurus points to a more constructive stance on the stock, with several firms lifting price targets following Q2 results and updated guidance.Narrative Update • Jun 15
CARG: Dealer Monetization And AI Push Will Drive Future Upside
The CarGurus analyst price target has been nudged higher to about $37.38 from roughly $37.17, as analysts factor in stronger dealer monetization, expanding data driven products, and solid marketplace margins highlighted in recent research coverage. Analyst Commentary Recent research coverage points to a generally constructive tone on CarGurus, with analysts focusing on dealer monetization, data driven products, and marketplace margins as key drivers for the current set of price targets around the mid to high US$30s.Narrative Update • Jun 01
CARG: Dealer Base Expansion And AI Tools Will Drive Future Upside
CarGurus' analyst price target has moved from $35.96 to $37.17, with analysts pointing to an attractive valuation, an improved profit margin outlook, and expectations for steady growth in its paying dealer base and average revenue per dealer. Analyst Commentary Recent research coverage on CarGurus has been largely constructive, with several firms adjusting price targets and one new initiation highlighting the stock's setup.Analysis Article • May 14
Shareholders Can Be Confident That CarGurus' (NASDAQ:CARG) Earnings Are High Quality
CarGurus, Inc.'s ( NASDAQ:CARG ) earnings announcement last week was disappointing for investors, despite the decent...Narrative Update • Apr 27
CARG: Dealer Data And Buybacks Will Offset QARSD And 2026 Margin Pressures
Narrative Update on CarGurus Price Target The updated analyst price target for CarGurus edges higher to about $36 from roughly $35.80, as analysts weigh slightly adjusted assumptions for discount rate, revenue growth, profit margins and future P/E multiples against new guidance that includes 2026 investment plans, QARSD expectations and the potential impact of new product adoption. Analyst Commentary Recent research updates present a mixed picture for CarGurus, with most firms trimming price targets but highlighting different aspects of execution, growth prospects and near term investment plans.Narrative Update • Apr 09
CARG: Dealer Data And Buybacks Will Support QARSD And 2026 Margin Investment
Narrative Update on CarGurus The updated analyst price target for CarGurus reflects a pullback of several dollars per share, as analysts factor in 2026 guidance that pairs expectations for roughly 10% to 13% revenue growth with lower margin assumptions tied to increased investment and questions around sustaining higher U.S. QARSD pricing. Analyst Commentary Recent research updates on CarGurus converge on a similar message, with analysts trimming price targets while reacting to the initial 2026 outlook for revenue growth of about 10% to 13% and lower margin expectations tied to higher investment.Narrative Update • Mar 25
CARG: Dealer Data And Buybacks Will Counter AI And 2026 Margin Investment
Analysts have trimmed their average 12 month price target on CarGurus by several dollars to reflect updated 2026 revenue growth and margin guidance, while still pointing to potential benefits from subscription upgrades, new product attach rates, the company's dealer relationships, and its valuation data assets. Analyst Commentary Analysts are reassessing CarGurus around its 2026 outlook, trimming price targets while weighing the trade off between near term margin pressure and potential benefits from product expansion and dealer growth.Narrative Update • Mar 10
CARG: Dealer Data And Buybacks Will Offset AI And Margin Investment Concerns
CarGurus' blended analyst price target has edged down by about $0.83 as analysts factor in 2026 guidance, which combines expected revenue growth with planned margin investment and ongoing debate around the impact of AI disruption narratives on the business. Analyst Commentary Street research around CarGurus' 2026 outlook clusters around how the company balances revenue growth targets with margin investment and the AI disruption narrative that has pressured sentiment.Narrative Update • Feb 24
CARG: Dealer Data And Listings Model Will Withstand AI Disruption Narrative
Our updated CarGurus narrative reflects a lower blended analyst price target, down to a mid $30s level from around $40, as analysts factor in 2026 guidance that pairs higher expected U.S. QARSD-driven revenue growth with lighter margin expectations due to planned investments and an AI-related overhang on sentiment. Analyst Commentary Recent Street research on CarGurus clusters around a similar theme: solid underlying demand signals for its core dealer products, paired with a more cautious stance on profitability as management plans for heavier investments through 2026.Narrative Update • Feb 10
CARG: Data Tools And Listings Model Will Benefit From Gradual Amazon Autos Expansion
Narrative Update Analysts have trimmed their price target for CarGurus by about $0.58, reflecting slightly lower fair value and P/E assumptions. They also note that Amazon Autos currently operates a third party model more comparable to listings platforms like CarGurus than to vertically integrated used car retailers.Analysis Article • Feb 06
CarGurus, Inc. (NASDAQ:CARG) May Have Run Too Fast Too Soon With Recent 26% Price Plummet
CarGurus, Inc. ( NASDAQ:CARG ) shares have had a horrible month, losing 26% after a relatively good period beforehand...Narrative Update • Jan 26
CARG: Marketplace And Data Tools Will Benefit From Gradual Amazon Autos Expansion
Narrative Update Analysts have nudged their CarGurus fair value estimate slightly lower to about $40.88 from $40.96, reflecting modest adjustments to the discount rate, revenue growth, profit margin and future P/E assumptions. They also note that Amazon Autos currently operates in a third-party listings model similar to CarGurus, which they see as limiting any near-term read-across from recent headlines.Narrative Update • Jan 10
CARG: Marketplace And Data Tools Will Face Gradual Amazon Autos Competition
Analysts have inched their CarGurus fair value estimate up from about US$40.54 to about US$40.96 as they factor in a slightly higher future P/E assumption and view Amazon Autos as operating more like a listings platform, which they see as limiting direct pressure on CarGurus in the near term. Analyst Commentary Recent commentary around Amazon Autos and its impact on online used car platforms is giving investors more context for how CarGurus might be positioned over the next couple of years, especially as analysts compare Amazon’s model to existing listings sites.Narrative Update • Dec 24
CARG: Marketplace And Data Solutions Will Navigate Emerging Online Competition Ahead
Analysts nudged their price target on CarGurus slightly higher, to about $40.54 from roughly $40.29, citing modest improvements in growth and profitability assumptions and the view that emerging online auto marketplace competition is likely to have a delayed impact. Analyst Commentary Street research continues to frame the evolving competitive landscape as a medium term rather than immediate risk to CarGurus, with valuation and execution expectations adjusted accordingly.Narrative Update • Dec 10
CARG: Marketplace Resilience And Buybacks Will Support Balanced Medium Term Upside
Analysts have modestly raised their price target on CarGurus, citing slightly faster expected revenue growth, a small improvement in long term profit margins, and resilient marketplace dynamics as Amazon Autos evolves toward a listings style model. This brings the implied fair value closer to about $40 per share.Narrative Update • Nov 26
CARG: Share Repurchases And Competitive Gaps Will Drive Further Outperformance
Analysts have raised their price target for CarGurus slightly to $40.29 from $39.92. They cited improved revenue growth projections, which offset a modest decline in profit margin expectations.Narrative Update • Nov 12
CARG: Market Position Will Strengthen Amid Limited Threats From New Entrants
Analysts have slightly raised their price target for CarGurus from $39.75 to $39.92. They cite stronger expected profit margins and revenue growth, with confidence bolstered by recent research suggesting limited near-term competitive threats.Narrative Update • Oct 29
Dealer Network Expansion And Premium Tier Adoption Will Drive Future Performance
Analysts have modestly increased their fair value estimate for CarGurus to $39.75, citing stronger marketplace revenue growth and solid dealer expansion. This change comes despite mixed profit margins and the planned winding down of CarOffer.Analysis Article • May 10
Returns on Capital Paint A Bright Future For CarGurus (NASDAQ:CARG)
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...New Narrative • May 07
Digital Deal Integration Will Strengthen Global Dealer Engagement
Integration of online and offline engagement boosts dealer interaction and revenue, with AI-driven personalization enhancing customer acquisition and engagement.Analysis Article • Apr 03
CarGurus, Inc.'s (NASDAQ:CARG) Shareholders Might Be Looking For Exit
CarGurus, Inc.'s ( NASDAQ:CARG ) price-to-sales (or "P/S") ratio of 3.4x may look like a poor investment opportunity...Analysis Article • Feb 27
We Think You Can Look Beyond CarGurus' (NASDAQ:CARG) Lackluster Earnings
CarGurus, Inc.'s ( NASDAQ:CARG ) earnings announcement last week didn't impress shareholders. However, our analysis...Seeking Alpha • Feb 21
CarGurus: Rocky Recovery Ahead
Summary CarGurus, Inc. is recovering from a rough patch due to the post pandemic market swing, with improving profitability metrics and strong marketplace growth. The platform offers the best ROI for independent dealers, attracting more dealers and increasing inventory. Gross profit margins and EBITDA margins are rising, driven by a favorable revenue mix and marketplace business expansion. Despite economic risks, CarGurus' revenue growth and profitability improvements position it as a promising recovery story. Read the full article on Seeking AlphaSeeking Alpha • Nov 21
CarGurus: Solid Monetization Strategy, But Upside Is Limited
Summary CARG's growth outlook is positive, driven by successful monetization of new products and increased dealer engagement, leading to mid-single-digit growth over the next two years. Recent earnings results show strong performance with revenue and EBITDA growth, supported by robust dealer adoption of CARG's value-added offerings. Despite strong execution and profitability improvements, the stock's current valuation suggests it is trading at fair value, limiting further share price appreciation. Read the full article on Seeking AlphaSeeking Alpha • Sep 09
CarGurus: Take Profits Here As U.S. Web Traffic Declines (Rating Downgrade)
Summary Downgrading CarGurus to a neutral rating after the stock rallied post-Q2 earnings release. Though marketplace revenue showed re-accelerating growth rates and healthy guidance, the company's web traffic in the U.S. is declining. This may be a leading indicator of weaker used car sales in the wake of a potential recession, which will impact dealerships' willingness to advertise on CarGurus. Read the full article on Seeking AlphaAnalysis Article • Aug 02
CarGurus, Inc.'s (NASDAQ:CARG) Business Is Trailing The Industry But Its Shares Aren't
When you see that almost half of the companies in the Interactive Media and Services industry in the United States have...Seeking Alpha • Jun 25
CarGurus: The Rebound Rally Has Steam
Summary CarGurus is poised for a rebound as the company has turned around its marketplace business. It is now back to growing paid dealership counts, after several quarters of decline. User traffic is also rebounding, especially as CarGurus improves its available car inventory shown on the site. The stock trades at a very reasonable ~2.5x multiple of next year's revenue. Read the full article on Seeking AlphaAnalysis Article • Apr 26
Is CarGurus, Inc. (NASDAQ:CARG) Potentially Undervalued?
CarGurus, Inc. ( NASDAQ:CARG ), is not the largest company out there, but it saw significant share price movement...Shareholder Returns
| CARG | US Interactive Media and Services | US Market | |
|---|---|---|---|
| 7D | 4.2% | 3.9% | -1.6% |
| 1Y | -7.6% | 15.5% | 12.1% |
Return vs Industry: CARG underperformed the US Interactive Media and Services industry which returned 15.5% over the past year.
Return vs Market: CARG underperformed the US Market which returned 12.1% over the past year.
Price Volatility
| CARG volatility | |
|---|---|
| CARG Average Weekly Movement | 5.5% |
| Interactive Media and Services Industry Average Movement | 8.3% |
| Market Average Movement | 6.8% |
| 10% most volatile stocks in US Market | 15.2% |
| 10% least volatile stocks in US Market | 2.9% |
Stable Share Price: CARG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: CARG's weekly volatility (6%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2005 | 1,218 | Jason Trevisan | www.cargurus.com |
CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. The company offers dealer subscription fees, advertising from auto manufacturers and other brand advertisers, and partnerships with financing services companies. It provides an online automotive marketplace that connects large audience of car shoppers with extensive network of dealers, anchoring integrated suite of products.
CarGurus, Inc. Fundamentals Summary
| CARG fundamental statistics | |
|---|---|
| Market cap | US$3.09b |
| Earnings (TTM) | US$187.10m |
| Revenue (TTM) | US$967.27m |
16.5x
P/E Ratio3.2x
P/S RatioIs CARG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| CARG income statement (TTM) | |
|---|---|
| Revenue | US$967.27m |
| Cost of Revenue | US$73.75m |
| Gross Profit | US$893.52m |
| Other Expenses | US$706.42m |
| Earnings | US$187.10m |
Last Reported Earnings
Jun 30, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 2.10 |
| Gross Margin | 92.38% |
| Net Profit Margin | 19.34% |
| Debt/Equity Ratio | 0% |
How did CARG perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/09/17 01:32 |
| End of Day Share Price | 2026/09/16 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
CarGurus, Inc. is covered by 25 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Babcock | Barclays |
| Naved Khan | B. Riley Securities, Inc. |
| Marvin Fong | BTIG |