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S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Prologis Stock Leading U.S. Logistics Boom
S&P 500   5,022.21
DOW   37,753.31
QQQ   425.84
ASML Fires Warning Shot For Tech Investors
Checking in with 5 Bitcoin Stocks Ahead of Bitcoin's Halving
Closing prices for crude oil, gold and other commodities
Lululemon’s P/E Is Back to 2017 Levels: Should You Buy the Dip?
Abbott Laboratories Outlook is Healthy: Buy the Dip
Stock market today: Asian shares gain despite Wall Street's tech-led retreat
Prologis Stock Leading U.S. Logistics Boom
NASDAQ:CARG

CarGurus (CARG) Stock Price, News & Analysis

$21.22
-0.37 (-1.71%)
(As of 04/17/2024 ET)
Today's Range
$21.18
$21.83
50-Day Range
$21.22
$23.92
52-Week Range
$15.34
$24.64
Volume
642,120 shs
Average Volume
1.02 million shs
Market Capitalization
$2.28 billion
P/E Ratio
117.89
Dividend Yield
N/A
Price Target
$24.90

CarGurus MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.63 Rating Score
Upside/​Downside
17.3% Upside
$24.90 Price Target
Short Interest
Healthy
8.65% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.87mentions of CarGurus in the last 14 days
Based on 9 Articles This Week
Insider Trading
Selling Shares
$2.52 M Sold Last Quarter
Proj. Earnings Growth
17.02%
From $0.94 to $1.10 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.72 out of 5 stars

Auto/Tires/Trucks Sector

28th out of 78 stocks

Data Processing & Preparation Industry

15th out of 58 stocks

CARG stock logo

About CarGurus Stock (NASDAQ:CARG)

CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers. It also offers dealer and non-dealer advertising products for its websites and social media platforms. The company operates online marketplaces under the CarGurus brand in the United States, Canada, and the United Kingdom; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

CARG Stock Price History

CARG Stock News Headlines

The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
CarGurus: Repositioned For Growth
The “Perfect Storm” for Gold
Gold has already reached all-time highs, and experts believe it's not slowing down any time soon. In fact, some analysts predict a $7,000 price tag by 2025.
Cargurus CMO sells shares worth nearly $200k
CarGurus CMO sells over $238k in company stock
CARG Apr 2024 19.000 put
CARG Apr 2024 21.000 call
CARG Apr 2024 18.000 put
Expert Outlook: CarGurus Through The Eyes Of 4 Analysts
Gloucester crash: Man and woman taken to hospital
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
4/17/2024
Next Earnings (Estimated)
5/14/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:CARG
Fax
N/A
Employees
1,343
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$24.90
High Stock Price Target
$30.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+17.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.63
Research Coverage
9 Analysts

Profitability

Net Income
$31.10 million
Pretax Margin
5.65%

Debt

Sales & Book Value

Annual Sales
$914.24 million
Cash Flow
$1.01 per share
Book Value
$5.70 per share

Miscellaneous

Free Float
90,571,000
Market Cap
$2.28 billion
Optionable
Optionable
Beta
1.58
A Guide To High-Short-Interest Stocks Cover

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Key Executives


CARG Stock Analysis - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" CARG shares.
View CARG analyst ratings
or view top-rated stocks.

What is CarGurus' stock price target for 2024?

9 Wall Street research analysts have issued 1 year price objectives for CarGurus' shares. Their CARG share price targets range from $15.00 to $30.00. On average, they predict the company's stock price to reach $24.90 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price.
View analysts price targets for CARG
or view top-rated stocks among Wall Street analysts.

How have CARG shares performed in 2024?

CarGurus' stock was trading at $24.16 at the beginning of 2024. Since then, CARG shares have decreased by 12.2% and is now trading at $21.22.
View the best growth stocks for 2024 here
.

Are investors shorting CarGurus?

CarGurus saw a decrease in short interest in March. As of March 31st, there was short interest totaling 7,330,000 shares, a decrease of 20.2% from the March 15th total of 9,190,000 shares. Based on an average daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 7.0 days. Approximately 8.7% of the shares of the company are sold short.
View CarGurus' Short Interest
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings results on Monday, February, 26th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm earned $223.12 million during the quarter, compared to the consensus estimate of $220.05 million. CarGurus had a trailing twelve-month return on equity of 7.74% and a net margin of 3.40%. The firm's quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.25 EPS.

What guidance has CarGurus issued on next quarter's earnings?

CarGurus updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 0.240-0.290 for the period, compared to the consensus earnings per share estimate of 0.310. The company issued revenue guidance of $201.0 million-$221.0 million, compared to the consensus revenue estimate of $235.7 million.

What is Jason Trevisan's approval rating as CarGurus' CEO?

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.

What other stocks do shareholders of CarGurus own?

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).

When did CarGurus IPO?

CarGurus (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 acted as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.03%), Hennion & Walsh Asset Management Inc. (0.01%) and Scharf Investments LLC (0.01%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, Dafna Sarnoff, George M Lynch, Javier Esquivel Zamora, 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.
View institutional ownership trends
.

How do I buy shares of CarGurus?

Shares of CARG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NASDAQ:CARG) was last updated on 4/18/2024 by MarketBeat.com Staff

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