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NASDAQ:CARG

CarGurus (CARG) Stock Price, News & Analysis

$23.44
-0.03 (-0.13%)
(As of 05/29/2024 ET)
Today's Range
$23.04
$23.74
50-Day Range
$21.22
$24.96
52-Week Range
$16.70
$24.98
Volume
584,131 shs
Average Volume
953,015 shs
Market Capitalization
$2.44 billion
P/E Ratio
83.71
Dividend Yield
N/A
Price Target
$25.77

CarGurus MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
10.0% Upside
$25.77 Price Target
Short Interest
Bearish
8.50% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.94mentions of CarGurus in the last 14 days
Based on 12 Articles This Week
Insider Trading
Selling Shares
$2.96 M Sold Last Quarter
Proj. Earnings Growth
25.51%
From $0.98 to $1.23 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.

3.56 out of 5 stars

Auto/Tires/Trucks Sector

28th out of 84 stocks

Data Processing & Preparation Industry

22nd out of 61 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

CarGurus Announces First Quarter 2024 Results
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
5/29/2024
Next Earnings (Estimated)
8/14/2024
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
$25.77
High Stock Price Target
$30.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+8.7%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
10 Analysts

Profitability

Net Income
$31.10 million
Pretax Margin
7.01%

Debt

Sales & Book Value

Annual Sales
$898.08 million
Cash Flow
$1.03 per share
Book Value
$5.45 per share

Miscellaneous

Free Float
86,271,000
Market Cap
$2.47 billion
Optionable
Optionable
Beta
1.57
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CARG Stock Analysis - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 4 hold ratings and 6 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?

10 Wall Street research analysts have issued 12-month target prices for CarGurus' shares. Their CARG share price targets range from $15.00 to $30.00. On average, they expect the company's share price to reach $25.77 in the next twelve months. This suggests a possible upside of 10.0% 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 on January 1st, 2024. Since then, CARG stock has decreased by 3.0% and is now trading at $23.44.
View the best growth stocks for 2024 here
.

When is CarGurus' next earnings date?

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

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings data on Monday, February, 26th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.34 by $0.01. The business had revenue of $223.12 million for the quarter, compared to the consensus estimate of $220.05 million. CarGurus had a net margin of 4.04% and a trailing twelve-month return on equity of 8.80%. The firm's revenue was down 22.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.25 earnings per share.

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

CarGurus issued an update on its second quarter 2024 earnings guidance on Thursday, May, 9th. The company provided earnings per share (EPS) guidance of 0.290-0.340 for the period, compared to the consensus earnings per share estimate of 0.300. The company issued revenue guidance of $202.0 million-$222.0 million, compared to the consensus revenue estimate of $224.5 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 (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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (9.49%), Raymond James & Associates (0.49%), Principal Financial Group Inc. (0.46%), Gagnon Securities LLC (0.40%), Nordea Investment Management AB (0.29%) and Allspring Global Investments Holdings LLC (0.28%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Dafna Sarnoff, 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 5/29/2024 by MarketBeat.com Staff

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