
CarGurus (CARG) Stock Forecast & Price Target
CarGurus (CARG) Analyst Ratings
Bulls say
CarGurus Inc. has demonstrated a consistent ability to expand its market share relative to peers, maintaining a leadership position in the used auto lead generation sector. The company's strategy includes the introduction of new products that facilitate upselling and enhance wallet share penetration among dealers, positioning CarGurus to adapt effectively to competitive pressures from digitally native companies. Additionally, the ongoing growth in dealer count, coupled with the increased adoption of premium listing tiers and early success in new vehicle lead generation, suggests a strong foundation for future marketplace monetization and overall revenue growth.
Bears say
CarGurus Inc faces significant competitive pressure from Amazon's growing presence in the used auto marketplace, which poses uncertainty for the company's inventory-driven business model. The potential for Amazon to enhance its dealer partner model and generate leads could limit CarGurus's ability to attract consumer interest, negatively impacting its revenue generation capabilities. Additionally, there are concerns regarding the slowdown in share gains and momentum for CarGurus, which could lead investors to re-evaluate the company's valuation multiple in line with its earnings growth prospects.
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