
CarGurus (CARG) Stock Forecast & Price Target
CarGurus (CARG) Analyst Ratings
Bulls say
CarGurus Inc. has successfully expanded its industry share relative to peers, indicating a strong competitive positioning within the used auto lead generation market. The company's strategy of introducing new products has led to increased upselling opportunities and deeper market penetration, enhancing dealer engagement amid competition from digitally native players. Additionally, there is significant momentum in marketplace monetization due to robust dealer count growth and rising adoption of premium service tiers, signaling a positive outlook for financial performance.
Bears say
CarGurus Inc faces significant headwinds due to the increasing competition from Amazon in the used automotive space, which could limit consumer inventory and, consequently, reduce traffic to its platform. The uncertainty surrounding Amazon's dealer partner model and its implications on lead generation creates a potential risk for CarGurus's market share and profitability. Additionally, projections indicate that if share gains and growth momentum diminish, investors may assign evaluations leading to a downturn in the company's earnings growth multiple, further exacerbating the negative outlook.
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
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