CarGurus Stock Price, News & Analysis (NASDAQ:CARG)

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CARG shares.
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11 brokers have issued 1 year target prices for CarGurus' stock. Their CARG share price targets range from $15.00 to $28.00. On average, they expect the company's stock price to reach $23.08 in the next twelve months. This suggests a possible upside of 6.8% from the stock's current price.
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CarGurus' stock was trading at $14.01 at the beginning of 2023. Since then, CARG shares have increased by 54.3% and is now trading at $21.62.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
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CarGurus, Inc. (NASDAQ:CARG) released its quarterly earnings results on Tuesday, November, 7th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. The company earned $219.42 million during the quarter, compared to analyst estimates of $215.65 million. CarGurus had a trailing twelve-month return on equity of 15.20% and a net margin of 21.89%.

ETFs with the largest weight of CarGurus (NASDAQ:CARG) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), Invesco Next Gen Media and Gaming ETF (PBS), SPDR S&P Internet ETF (XWEB), Pacer US Small Cap Cash Cows Growth Leaders ETF (CAFG), Wisdomtree Growth Leaders Fund (PLAT) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT).Global X Millennial Consumer ETF (MILN).

CarGurus issued an update on its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $0.30-0.33 for the period, compared to the consensus EPS estimate of $0.28. The company issued revenue guidance of $208-228 million, compared to the consensus revenue estimate of $222.44 million.

56 employees have rated CarGurus Chief Executive Officer Jason Trevisan on Glassdoor.com. Jason Trevisan has an approval rating of 80% among the company's employees. 81.0% of employees surveyed would recommend working at CarGurus to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Twilio (TWLO), Bank of America (BAC), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX), Roku (ROKU), NVIDIA (NVDA), Intelsat (I), Altria Group (MO) and Shopify (SHOP).

(CARG) raised $132 million in an initial public offering on Thursday, October 12th 2017. The company issued 9,400,000 shares at $13.00-$15.00 per share. Goldman Sachs, Allen & Company and RBC Capital Markets served as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.

CarGurus' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (4.12%), The Manufacturers Life Insurance Company (2.49%), Northern Trust Corp (0.89%), Charles Schwab Investment Management Inc. (0.77%), Fort Washington Investment Advisors Inc. OH (0.76%) and Bank of New York Mellon Corp (0.70%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, John G Connors, Kathleen Bender Patton, Langley Steinert, Larry M Hutchison, Peter Maag, Samuel Zales, Sarah Amory Welch, Scot Christopher Fredo, Scott T Mikuen, Thomas Michael Caputo and Yann Bruno Gellot.
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Shares of CARG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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