
CarGurus (CARG) Stock Forecast & Price Target
CarGurus (CARG) Analyst Ratings
Bulls say
CarGurus Inc. has successfully expanded its market share relative to peers, underscoring its leadership position in used auto lead generation. The company is poised for growth through new product introductions that enhance upselling opportunities and increase wallet share among dealers, particularly as they strive to compete with digitally native competitors. Furthermore, strong dealer count growth, an accelerating adoption of premium product offerings, and early signs of success in new vehicle lead generation indicate a robust potential for future revenue and marketplace monetization.
Bears say
CarGurus Inc. faces significant risks due to the increasing competition from Amazon in the used auto market, which could limit the company's inventory and subsequently reduce consumer engagement on its platform. Additionally, there are concerns regarding a slowdown in CarGurus's market share gains and momentum, potentially leading investors to reassess the company’s valuation metrics in light of slower earnings growth. These factors contribute to a negative outlook as the bear case suggests a substantial downside to the company's future adjusted EBITDA estimates.
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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