CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings. The company was founded in 2005 and is headquartered in Cambridge, Massachusetts.
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Data processing & preparation
Sub-IndustryN/A
SectorAuto/Tires/Trucks
SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068
Debt
Debt-to-Equity RatioN/A
Current Ratio3.92
Quick Ratio3.92
Price-To-Earnings
Trailing P/E Ratio314.50
Forward P/E Ratio342.36
P/E Growth69.17
Sales & Book Value
Annual Sales$316.86 million
Price / Sales12.83
Cash Flow$0.1635 per share
Price / Cash230.40
Book Value$1.20 per share
Price / Book31.38
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees549
Outstanding Shares107,940,000
Market Cap$3,981.76
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 data on Thursday, May, 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $98.70 million for the quarter, compared to analyst estimates of $94.15 million. The firm's revenue for the quarter was up 47.3% on a year-over-year basis. View CarGurus' Earnings History.
When is CarGurus' next earnings date?
What guidance has CarGurus issued on next quarter's earnings?
CarGurus issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided earnings per share (EPS) guidance of $0.19-0.21 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.16. The company issued revenue guidance of $415-418 million, compared to the consensus revenue estimate of $400.46 million.CarGurus also updated its Q2 guidance to $0.03-0.04 EPS.
What price target have analysts set for CARG?
7 Wall Street analysts have issued twelve-month price objectives for CarGurus' shares. Their forecasts range from $25.00 to $44.00. On average, they anticipate CarGurus' stock price to reach $36.00 in the next twelve months. This suggests that the stock has a possible downside of 4.4%. View Analyst Ratings for CarGurus.
What is the consensus analysts' recommendation for CarGurus?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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. " (5/2/2018)
- 2. Benchmark Co. analysts commented, "We note that our broadcast universe is likely to report automotive ad spend down low-mid-single digits in 1Q, with some seeing deterioration towards down mid-single digits in 2Q. While this historically might be viewed as a positive for the digital space, we continue to hear that uncertainty from the top of the funnel (tier 1/OEM) is filtering all the way down to the local (tier 3) level, with digital the easiest channel to reduce and reinstate as needed. Furthermore, we suspect shares may be facing incremental pressure following 2 broad-based Google (GOOG:Not Rated) algorithm changes in the past month, with our search checks indicating that, while early, at least the April update appeared to be slightly more than routine. We have yet to see any impact on CarGurus’ search rankings but expect the bears will continue to pound the drum on currently unfounded suspicions." (4/30/2018)
Are investors shorting CarGurus?
CarGurus saw a increase in short interest during the month of June. As of June 29th, there was short interest totalling 6,176,464 shares, an increase of 93.4% from the June 15th total of 3,193,427 shares. Based on an average daily trading volume, of 1,258,772 shares, the days-to-cover ratio is presently 4.9 days. Approximately 12.5% of the shares of the company are sold short. View CarGurus' Current Options Chain.
Who are some of CarGurus' key competitors?
Some companies that are related to CarGurus include Autohome (ATHM), Proofpoint (PFPT), Zendesk (ZEN), YY (YY), RingCentral (RNG), DST Systems (DST), Pegasystems (PEGA), Corelogic (CLGX), Bilibili (BILI), Zynga (ZNGA), PagSeguro Digital (PAGS), Acxiom (ACXM), Smartsheet (SMAR), Cars.com (CARS) and Globant (GLOB).
Who are CarGurus' key executives?
CarGurus' management team includes the folowing people:
- Mr. E. Langley Steinert, Founder, Chairman, CEO & Pres (Age 54)
- Mr. Jason M. Trevisan, CFO & Treasurer (Age 43)
- Mr. Samuel Zales, Chief Operating Officer (Age 54)
- Ms. Kathleen Bender Patton, Sr. VP, Gen. Counsel & Sec. (Age 51)
- Mr. Thomas Caputo, Sr. VP of Product (Age 44)
When did CarGurus IPO?
(CARG) raised $132 million in an initial public offering (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 served as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.
Has CarGurus been receiving favorable news coverage?
News coverage about CARG stock has trended somewhat positive recently, according to Accern Sentiment. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. CarGurus earned a daily sentiment score of 0.07 on Accern's scale. They also gave headlines about the company an impact score of 45.68 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near future.
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 $37.66.
How big of a company is CarGurus?
CarGurus has a market capitalization of $3.98 billion and generates $316.86 million in revenue each year. The company earns $13.19 million in net income (profit) each year or $0.12 on an earnings per share basis. CarGurus employs 549 workers across the globe.
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)
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.
