NASDAQ:CARG - CarGurus Stock Price, News, & Analysis

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$35.75 -1.02 (-2.77 %)
(As of 05/20/2019 04:00 PM ET)
Previous Close$36.77
Today's Range$35.32 - $36.71
52-Week Range$30.29 - $57.25
Volume853,885 shs
Average Volume792,918 shs
Market Capitalization$3.96 billion
P/E Ratio62.72
Dividend YieldN/A
Beta1.86
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company was founded in 2005 and is headquartered in Cambridge, Massachusetts.

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Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorAuto/Tires/Trucks
Current SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$454.09 million
Cash Flow$0.6505 per share
Book Value$1.90 per share

Profitability

Net Income$65.17 million

Miscellaneous

Employees732
Market Cap$3.96 billion
Next Earnings Date8/6/2019 (Estimated)
OptionableOptionable

CarGurus (NASDAQ:CARG) Frequently Asked Questions

What is CarGurus' stock symbol?

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

How were CarGurus' earnings last quarter?

CarGurus Inc (NASDAQ:CARG) posted its quarterly earnings results on Thursday, May, 9th. The company reported $0.12 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.03 by $0.09. The company had revenue of $135.30 million for the quarter, compared to the consensus estimate of $129.54 million. CarGurus had a net margin of 13.94% and a return on equity of 18.43%. CarGurus's revenue was up 37.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.06 earnings per share. View CarGurus' Earnings History.

When is CarGurus' next earnings date?

CarGurus is scheduled to release their next quarterly earnings announcement on Tuesday, August 6th 2019. View Earnings Estimates for CarGurus.

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

CarGurus updated its FY19 earnings guidance on Thursday, May, 9th. The company provided EPS guidance of $0.39-0.43 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.39. The company issued revenue guidance of $569-578 million, compared to the consensus revenue estimate of $565.39 million.CarGurus also updated its FY 2019 guidance to $0.39-0.43 EPS.

What price target have analysts set for CARG?

11 Wall Street analysts have issued twelve-month price objectives for CarGurus' shares. Their predictions range from $42.00 to $59.00. On average, they anticipate CarGurus' share price to reach $49.5455 in the next twelve months. This suggests a possible upside of 38.6% from the stock's current price. View Analyst Price Targets for CarGurus.

What is the consensus analysts' recommendation for CarGurus?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 hold rating and 10 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CarGurus.

What are Wall Street analysts saying about CarGurus stock?

Here are some recent quotes from research analysts about CarGurus stock:
  • 1. According to Zacks Investment Research, "CarGurus, Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. The company uses proprietary technology, search algorithms and data analytics. It operates primarily in Canada, the United Kingdom and Germany. CarGurus, Inc.is based in CAMBRIDGE, United States. " (5/15/2019)
  • 2. Benchmark Co. analysts commented, "We do see AARSD trailing off in the back half of the year as comparisons become incrementally more difficult but that could be partially mitigated by increased product adoption as we suspect new launches are being well received dealers who already have adopted at least one product given their complementary nature. International was once again a bright spot and we maintain our forecast that revenue could reach 5% of the total in 2019." (5/10/2019)

Has CarGurus been receiving favorable news coverage?

News coverage about CARG stock has trended somewhat negative recently, InfoTrie Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CarGurus earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an impact on the company's share price in the next few days.

Who are some of CarGurus' key competitors?

What other stocks do shareholders of CarGurus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Bank of America (BAC), Intelsat (I), Twilio (TWLO), NVIDIA (NVDA), First Data (FDC), Fossil Group (FOSL), Netflix (NFLX), AMC Entertainment (AMC), Ciena (CIEN) and Associated British Foods (ABF).

Who are CarGurus' key executives?

CarGurus' management team includes the folowing people:
  • Mr. E. Langley Steinert, Founder, Chairman & CEO (Age 55)
  • Mr. Samuel Zales, COO & Pres (Age 55)
  • Mr. Jason M. Trevisan, CFO & Treasurer (Age 44)
  • Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 52)
  • Mr. Thomas Caputo, Chief Product Officer (Age 45)

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.

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a variety of of institutional and retail investors. Top institutional investors include FMR LLC (9.85%), The Manufacturers Life Insurance Company (6.76%), Spinnaker Capital LLC (6.45%), Wellington Management Group LLP (3.59%), BlackRock Inc. (3.20%) and Renaissance Technologies LLC (1.43%). Company insiders that own CarGurus stock include Anastasios Parafestas, Argonaut 22 Llc, David Lambert Parker, 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.

Which institutional investors are selling CarGurus stock?

CARG stock was sold by a variety of institutional investors in the last quarter, including Spinnaker Capital LLC, Bollard Group LLC, BlackRock Inc., Morgan Stanley, Goldman Sachs Group Inc., SG Americas Securities LLC, Trexquant Investment LP and Bayesian Capital Management LP. Company insiders that have sold CarGurus company stock in the last year 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 and Thomas Michael Caputo. View Insider Buying and Selling for CarGurus.

Which institutional investors are buying CarGurus stock?

CARG stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Wells Fargo & Company MN, The Manufacturers Life Insurance Company , Marshall Wace LLP, Spark Investment Management LLC, Dimensional Fund Advisors LP, BlueMountain Capital Management LLC and Kornitzer Capital Management Inc. KS. View Insider Buying and Selling for CarGurus.

How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $35.75.

How big of a company is CarGurus?

CarGurus has a market capitalization of $3.96 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.

What is CarGurus' official website?

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

How can I contact CarGurus?

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]


MarketBeat Community Rating for CarGurus (NASDAQ CARG)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  321 (Vote Outperform)
Underperform Votes:  327 (Vote Underperform)
Total Votes:  648
MarketBeat's community ratings are surveys of what our community members think about CarGurus and other stocks. Vote "Outperform" if you believe CARG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CARG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 5/20/2019 by MarketBeat.com Staff

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