CARG Price Prediction Next Week
Analysis and Insights
News Impact:
- Executive Stock Sale: CarGurus' Executive Chair, Langley Steinert, sold 68.8K shares worth $2.08 million on March 18th, indicating potential insider skepticism about the stock's short-term prospects.
- Analyst Sentiment: Oppenheimer lowered CarGurus' price target from $44 to $42, reflecting cautiousness about the company's near-term outlook.
Technical Analysis:
- Current Price: $31.37 as of 2025-03-24.
- RSI (14-period): 35.87, suggesting the stock is oversold and due for a potential rebound.
- MACD: Slightly negative but nearing a bullish crossover, indicating weakening bearish momentum.
- Fibonacci Levels: Pivot at $30.79, with support at $29.61 and resistance at $31.97.
Price Prediction:
- Target Price: $32.70 (Fibonacci R2 level).
- Support Level: $30.50 (Fibonacci S1 level).
Recommendation:
- Buy at the support level of $30.50 with a target of $32.70.
- Set a stop-loss below $29.61 to manage risk.
CARG Similar Chart Price Prediction
The price of CARG is predicted to go up 0%, based on the high correlation periods with NCPL. The similarity of these two price pattern on the periods is 99.18%.
CARG
NCPL
Up: 0%Similarity: 99.18%
CARG Revenue Forecast
CARG EPS Forecast
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CARG Analyst's Forecast
Jed Kelly
Oppenheimer
Buy
2025-02-24
Price Target
$44 → $42
Upside
+35.83%
Oppenheimer lowered the firm's price target on CarGurus to $42 from $44 and keeps an Outperform rating on the shares. The firm notes the stock traded off 17% on Friday after guiding Q1 marketplace revenue to decelerate 2pts to about 13% that reflects moderating U.S. QARSD throughout 2024 on tougher comparable sales. Management indicated limited change to dealer behavior despite potential tariffs, and constructed a positive tone toward dealers adopting higher pricing products, Oppenheimer adds.
Chris Pierce
Needham
Strong Buy
2025-01-16
Price Target
$39 → $45
Upside
+19.52%
Nicholas Jones
JMP Securities
Buy
2024-11-22
Price Target
$41 → $46
Upside
+29.14%
