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T   15.83 (+0.64%)
F   12.11 (+0.92%)
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NASDAQ:CARG

CarGurus (CARG) Stock Forecast, Price & News

$19.13
+0.34 (+1.81%)
(As of 02:51 PM ET)
Compare
Today's Range
$18.73
$19.28
50-Day Range
$15.50
$19.48
52-Week Range
$9.14
$26.73
Volume
504,430 shs
Average Volume
1.14 million shs
Market Capitalization
$2.17 billion
P/E Ratio
54.66
Dividend Yield
N/A
Price Target
$21.27

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
12.6% Upside
$21.27 Price Target
Short Interest
Bearish
10.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.53mentions of CarGurus in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.04%
From $0.46 to $0.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.68 out of 5 stars

Auto/Tires/Trucks Sector

161st out of 200 stocks

Data Processing & Preparation Industry

103rd out of 132 stocks


CARG stock logo

About CarGurus (NASDAQ:CARG) Stock

Cargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

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CARG Stock News Headlines

JMP Securities Reaffirms Their Hold Rating on CarGurus (CARG)
Analyst Ratings for CarGurus
AI is Unstoppable. Now Is The Time!
AI, or Artificial Intelligence, is all the rage right now. AI technologies are empowering users in every industry to increase sales, efficiency, and productivity. It's truly a case of adapt or fail.
Contrasting CarGurus (NASDAQ:CARG) & Toast (NYSE:TOST)
Brokerages Set CarGurus, Inc. (NASDAQ:CARG) PT at $21.27
The $193 Billion US-China War You Don't Know About
They're fighting for control of lithium – a key ingredient in EVs and clean energy technology. It's arguably the most important commodity of the 21st century. China owns 80% of global supply. But the US plans to grab a massive slice of the lithium market, which is forecasted to quadruple to $193 billion by 2028, according to Fortune Business Insights.
CarGurus (NASDAQ:CARG) Price Target Raised to $24.00
The Latest Analyst Ratings for CarGurus
Why CarGurus Stock Was Up This Week
D.A. Davidson Sticks to Its Buy Rating for SmartRent (SMRT)
Raymond James Sticks to Its Buy Rating for CarGurus (CARG)
BTIG Keeps Their Buy Rating on CarGurus (CARG)
CarGurus: Q1 Earnings Snapshot
CarGurus: Q1 Earnings Insights
See More Headlines

CARG Price History

CARG Company Calendar

Last Earnings
11/08/2021
Today
6/01/2023
Next Earnings (Estimated)
8/14/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:CARG
Fax
N/A
Employees
1,403
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$21.27
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+12.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$193.79 million
Pretax Margin
7.09%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$1.36 per share
Book Value
$6.14 per share

Miscellaneous

Free Float
95,527,000
Market Cap
$2.14 billion
Optionable
Optionable
Beta
1.62

Key Executives

  • Jason Trevisan
    Chief Executive Officer & Director
  • Samuel ZalesSamuel Zales
    President & Chief Operating Officer
  • Matthew Quinn
    Chief Technology Officer
  • Kirndeep Singh
    Vice President & Head-Investor Relations
  • Tom Caputo
    Chief Product Officer













CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

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 "buy" CARG shares.
View CARG analyst ratings
or view top-rated stocks.

What is CarGurus' stock price forecast for 2023?

11 Wall Street analysts have issued 12 month price targets for CarGurus' stock. Their CARG share price forecasts range from $12.00 to $37.00. On average, they anticipate the company's share price to reach $21.27 in the next twelve months. This suggests a possible upside of 13.2% 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 2023?

CarGurus' stock was trading at $14.01 at the beginning of 2023. Since then, CARG shares have increased by 34.1% and is now trading at $18.79.
View the best growth stocks for 2023 here
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) released its quarterly earnings data on Monday, November, 8th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.19. The company earned $222.92 million during the quarter, compared to analysts' expectations of $215.32 million. CarGurus had a net margin of 18.68% and a trailing twelve-month return on equity of 17.88%. During the same quarter in the prior year, the firm earned $0.30 EPS.

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

CarGurus issued an update on its second quarter earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $0.22-0.25 for the period, compared to the consensus estimate of $0.18. The company issued revenue guidance of $220-240 million, compared to the consensus revenue estimate of $228.34 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?

(CARG) raised $132 million in an IPO on Thursday, October 12th 2017. The company issued 9,400,000 shares at a price of $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.

What is CarGurus' stock symbol?

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

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (11.78%), ArrowMark Colorado Holdings LLC (8.14%), BlackRock Inc. (6.06%), Foxhaven Asset Management LP (4.17%), Federated Hermes Inc. (2.34%) and State Street Corp (1.80%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, Jason Trevisan, 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $18.79.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $2.13 billion and generates $1.66 billion in revenue each year. The company earns $193.79 million in net income (profit) each year or $0.35 on an earnings per share basis.

How many employees does CarGurus have?

The company employs 1,403 workers across the globe.

How can I contact CarGurus?

CarGurus' mailing address is 2 Canal Park 4thFloor, Cambridge MA, 02141. The official website for the company is www.cargurus.com. The company can be reached via phone at (617) 354-0068 or via email at investors@cargurus.com.

This page (NASDAQ:CARG) was last updated on 6/1/2023 by MarketBeat.com Staff

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