NASDAQ:CARG - CarGurus Stock Price, Forecast & News

CarGurus trades on the NASDAQ under the ticker symbol "CARG."

CarGurus Inc (NASDAQ:CARG) released its quarterly earnings results on Tuesday, November, 5th. The company reported $0.14 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.10. The firm earned $150.50 million during the quarter, compared to analyst estimates of $147.99 million. CarGurus had a net margin of 7.44% and a return on equity of 18.30%. The business's revenue for the quarter was up 26.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.08 EPS. View CarGurus' Earnings History.

CarGurus is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for CarGurus.

CarGurus will be holding an earnings conference call on Thursday, February 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

CarGurus issued an update on its fourth quarter earnings guidance on Tuesday, November, 5th. The company provided EPS guidance of $0.12-$0.13 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.14. The company issued revenue guidance of $152.2-$155.2 million, compared to the consensus revenue estimate of $154.05 million.

11 brokers have issued 1 year price objectives for CarGurus' stock. Their forecasts range from $42.00 to $54.00. On average, they anticipate CarGurus' share price to reach $49.89 in the next twelve months. This suggests a possible upside of 39.5% from the stock's current price. View Analyst Price Targets for CarGurus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CarGurus.

News articles about CARG stock have trended very negative recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CarGurus earned a media sentiment score of -3.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 1.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the near term. View News Stories for CarGurus.

CarGurus saw a decrease in short interest in January. As of January 15th, there was short interest totalling 11,380,000 shares, a decrease of 5.2% from the December 31st total of 12,010,000 shares. Based on an average trading volume of 887,300 shares, the days-to-cover ratio is presently 12.8 days. Currently, 14.2% of the shares of the stock are sold short. View CarGurus' Current Options Chain.

Some companies that are related to CarGurus include StoneCo (STNE), PagSeguro Digital (PAGS), Zendesk (ZEN), Autohome (ATHM), DXC Technology (DXC), Proofpoint (PFPT), Pegasystems (PEGA), CHURCHILL CAP C/SH (CCC), Bilibili (BILI), Zynga (ZNGA), YY (YY), Globant (GLOB), Five9 (FIVN), Corelogic (CLGX) and Inovalon (INOV).

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Netflix (NFLX), Bank of America (BAC), Intelsat (I), Twilio (TWLO), Comcast (CMCSA), Roku (ROKU), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA) and salesforce.com (CRM).

(CARG) raised $132 million in an initial public offering (IPO) 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.

CarGurus' stock is owned by a variety of of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.49%), California Public Employees Retirement System (0.19%), Cerebellum GP LLC (0.01%), SG Americas Securities LLC (0.01%), Miles Capital Inc. (0.01%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). Company insiders that own CarGurus stock include Anastasios Parafestas, Argonaut 22 Llc, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Oliver Ian Chrzan, Samuel Zales, Sarah Amory Welch, Spinnaker Capital Llc, Stephen Kaufer, Steven Conine and Thomas Michael Caputo. View Institutional Ownership Trends for CarGurus.

CARG stock was acquired by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., California Public Employees Retirement System, Cerebellum GP LLC, Miles Capital Inc., SG Americas Securities LLC, Strs Ohio and Zurcher Kantonalbank Zurich Cantonalbank . View Insider Buying and Selling for CarGurus.

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

One share of CARG stock can currently be purchased for approximately $35.77.

CarGurus has a market capitalization of $4.00 billion and generates $454.09 million in revenue each year. The company earns $65.17 million in net income (profit) each year or $0.57 on an earnings per share basis. CarGurus employs 732 workers across the globe.View Additional Information About CarGurus.

The official website for CarGurus is http://www.cargurus.com/.

CarGurus' mailing address is 2 Canal Park 4thFloor, Cambridge MA, 02141. The company can be reached via phone at 617-354-0068 or via email at [email protected]