Toyota to Hike Vehicle Prices by More Than $200 in the United States
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 23 2025
0mins
Source: NASDAQ.COM
Price Increase Announcement: Toyota Motor Corporation will raise prices for select vehicles in the U.S. by over $200 starting July, with an average increase of $270 for Toyota-branded models and $208 for Lexus models, attributed to routine updates rather than tariffs.
Sales and Financial Outlook: In 2024, Toyota's vehicle sales rose by 3.7%, with electrified vehicle sales reaching a record high. However, the company anticipates a significant decline in operating income for fiscal 2026 due to rising material costs and tariffs impacting profits.
Analyst Views on CARG
Wall Street analysts forecast CARG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CARG is 42.38 USD with a low forecast of 40.00 USD and a high forecast of 45.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
9 Analyst Rating
6 Buy
3 Hold
0 Sell
Moderate Buy
Current: 34.160
Low
40.00
Averages
42.38
High
45.00
Current: 34.160
Low
40.00
Averages
42.38
High
45.00
About CARG
CarGurus, Inc. (CarGurus) offers a multinational, online automotive platform for buying and selling vehicles that offer both digital retail solutions and the CarOffer digital wholesale platform. The CarGurus platform enables consumers to purchase and/or sell a vehicle either online or in-person, and it gives dealerships the power to accurately price, instantly acquire, effectively market, and quickly sell vehicles, all with a nationwide reach. It operates through two segments: U.S. Marketplace and Digital Wholesale. The U.S. Marketplace segment provides marketplace services for customers within the United States. Digital Wholesale segment provides Dealer-to-Dealer and Instant Max Cash Offer (IMCO) services and products which are sold on the CarOffer platform. The Company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom. It also operates independent brands, the Autolist and PistonHeads online marketplaces in the United States and the United Kingdom.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
