CarGurus (CARG) stock forecast for 2024
Last update: 08-15-2022, 13:31
Sector: TechnologyThe share price of CarGurus, Inc. (CARG) now
What analysts predict:: $32.75
52-week high/low: $50.03 / $19.05
50/200 Day Moving Average: $23.29 / $32.25
This figure corresponds to the average price over the previous 50/200 days. For CarGurus stocks, the 50-day moving average is the support level today.
For CarGurus stocks, the 200-day moving average is the resistance level today.
Are you interested in CarGurus stocks and want to buy them, or are they already in your portfolio? If yes, then on this page you will find useful information about the dynamics of the CarGurus stock price in 2024. How much will one CarGurus share be worth in 2024?
Is it worth taking profit / loss on CarGurus stock now or waiting? What are analysts' forecasts for CarGurus stock?
We forecast CarGurus stock performance using neural networks based on historical data on CarGurus stocks. Also, when forecasting, technical analysis tools are used, world geopolitical and news factors are taken into account.
The CarGurus stock prediction results are shown below and presented as a graph, table and text information.
CarGurus stock forecasts are adjusted once a day based on the closing price of the previous trading day.
The minimum target price for CarGurus analysts is $32.75.
Today 200 Day Moving Average is the resistance level (32.25 $).
50 Day Moving Average is the support level (23.29 $).
Historical and forecast chart of CarGurus stock
The chart below shows the historical price of CarGurus stock and a prediction chart for the next year. For convenience, prices are divided by color. Forecast prices include: Optimistic Forecast, Pessimistic Forecast, and Weighted Average Best Forecast. Detailed values for the CarGurus stock price can be found in the table below.
CarGurus (CARG) Forecast for 2024
| Month | Target | Pes. | Opt. | Vol., % |
|---|---|---|---|---|
| Jan | 23.33 | 21.48 | 24.79 | 13.33 % |
| Feb | 24.23 | 23.47 | 26.49 | 11.41 % |
| Mar | 25.88 | 24.55 | 27.06 | 9.30 % |
| Apr | 27.16 | 24.65 | 28.07 | 12.19 % |
| May | 24.45 | 22.37 | 25.24 | 11.39 % |
| Jun | 25.39 | 24.05 | 26.76 | 10.13 % |
| Jul | 25.42 | 24.66 | 26.52 | 7.02 % |
| Aug | 26.15 | 24.87 | 28.63 | 13.15 % |
| Sep | 25.18 | 23.61 | 25.79 | 8.44 % |
| Oct | 26.78 | 26.11 | 28.97 | 9.87 % |
| Nov | 29.10 | 26.86 | 30.39 | 11.60 % |
| Dec | 26.79 | 25.67 | 28.21 | 9.00 % |
CarGurus information and performance
CarGurus Inc. operates an online automotive marketplace that connects buyers and sellers of new and used vehicles in the US and abroad. The company provides consumers with an online automotive marketplace where they can search for new and used vehicles from its dealers, as well as sell their vehicles in the US market. Its marketplace connects dealers with a large audience of informed and interested consumers.
CarGurus Address
2 CANAL PARK, 4TH FLOOR, CAMBRIDGE, MA, US
Market Capitalization: 2 388 003 000 $
Market capitalization is the total market value of all issued shares of a company. It is calculated by the formula multiplying the number of shares in the company outstanding by the market price of one share.
EBITDA: 175 621 000 $
EBITDA is earnings before interest, income tax and depreciation of assets.
PE Ratio: None
P/E ratio (price to earnings) - shows the ratio between the price of a share and the company's profit
PEG Ratio: 1.158
Price/earnings to growth
DPS: N/A
Dividend Per Share is a financial indicator equal to the ratio of the company's net profit available for distribution to the annual average of ordinary shares.
DY: N/A
Dividend yield is a ratio that shows how much a company pays in dividends each year at the stock price.
EPS: -0.723
EPS shows how much of the net profit is accounted for by the common share.
Quarterly Earnings Growth YOY: -0.157
Quarterly Revenue Growth YOY: 1.348
Trailing PE: -
Trailing P/E depends on what has already been done. It uses the current share price and divides it by the total earnings per share for the last 12 months.
Forward PE: 15.06
Forward P/E uses projections of future earnings instead of final numbers.
EV To Revenue: 1.417
Enterprise Value (EV) /Revenue
EV To EBITDA: 11.95
The EV / EBITDA ratio shows the ratio of the cost (EV) to its profit before tax, interest and amortization (EBITDA).
Shares Outstanding: 102689000
Number of issued ordinary shares
Shares Float: N/A
Number of freely tradable shares
Shares Short Prior Month: N/A
Shares Short Prior Month - the number of shares in short positions in the last month.
Short Ratio: N/A
Percent Insiders: N/A
Percent Institutions: N/A
CarGurus price target for 2021 by month
Target values for the price of one CarGurus share for Jan 2024.
Pessimistic target level: 21.48
Optimistic target level: 24.79
Target values for the price of one CarGurus share for Feb 2024.
Pessimistic target level: 23.47
Optimistic target level: 26.49
Target values for the price of one CarGurus share for Mar 2024.
Pessimistic target level: 24.55
Optimistic target level: 27.06
Target values for the price of one CarGurus share for Apr 2024.
Pessimistic target level: 24.65
Optimistic target level: 28.07
Target values for the price of one CarGurus share for May 2024.
Pessimistic target level: 22.37
Optimistic target level: 25.24
Target values for the price of one CarGurus share for Jun 2024.
Pessimistic target level: 24.05
Optimistic target level: 26.76
Target values for the price of one CarGurus share for Jul 2024.
Pessimistic target level: 24.66
Optimistic target level: 26.52
Target values for the price of one CarGurus share for Aug 2024.
Pessimistic target level: 24.87
Optimistic target level: 28.63
Target values for the price of one CarGurus share for Sep 2024.
Pessimistic target level: 23.61
Optimistic target level: 25.79
Target values for the price of one CarGurus share for Oct 2024.
Pessimistic target level: 26.11
Optimistic target level: 28.97
Target values for the price of one CarGurus share for Nov 2024.
Pessimistic target level: 26.86
Optimistic target level: 30.39
Target values for the price of one CarGurus share for Dec 2024.
Pessimistic target level: 25.67
Optimistic target level: 28.21
