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F   12.45 (+0.08%)
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NASDAQ:CARG

CarGurus (CARG) Stock Price, News & Analysis

$22.68
+0.54 (+2.44%)
(As of 04:00 PM ET)
Today's Range
$22.14
$22.69
50-Day Range
$21.85
$24.49
52-Week Range
$15.34
$24.64
Volume
1.19 million shs
Average Volume
884,717 shs
Market Capitalization
$2.55 billion
P/E Ratio
126.00
Dividend Yield
N/A
Price Target
$24.17

CarGurus MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
9.9% Upside
$24.80 Price Target
Short Interest
Bearish
7.81% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.50mentions of CarGurus in the last 14 days
Based on 50 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
21.65%
From $0.97 to $1.18 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.

2.39 out of 5 stars

Auto/Tires/Trucks Sector

46th out of 82 stocks

Data Processing & Preparation Industry

36th out of 61 stocks


CARG stock logo

About CarGurus Stock (NASDAQ:CARG)

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale 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 to dealers and other consumers. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

CARG Stock Price History

CARG Stock News Headlines

CarGurus Stock is Set for a Rally This Quarter, Above all Peers
Some businesses could soon see the bullish side effects of a resilient consumer amongst the pretext of potential interest rate cuts coming this year from the FED. According to the FedWatch tool at the CME Group NASDAQ: CME, these pivots could be coming as soon as May of this year.
CarGurus Stock is Set for a Rally This Quarter, Above all Peers (CARG)
The car market is soon to see a boom in demand, and most market participants are betting on CarGurus to be the one to come out on top of it all, here's why.
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
CarGurus (NASDAQ:CARG) Price Target Raised to $30.00
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
CarGurus Sees Unusually High Options Volume (NASDAQ:CARG)
Why CarGurus Shares Are Declining Today
Why CarGurus (CARG) Shares Are Sliding Today
Q4 2023 CarGurus Inc Earnings Call
CarGurus Shares Down in Premarket on 1Q Outlook Miss
The Returns At CarGurus (NASDAQ:CARG) Aren't Growing
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
3/01/2024
Next Earnings (Estimated)
5/14/2024
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
1,403
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$24.80
High Stock Price Target
$30.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+9.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
8 Analysts

Profitability

Net Income
$193.79 million
Pretax Margin
5.65%

Debt

Sales & Book Value

Annual Sales
$914.24 million
Cash Flow
$1.01 per share
Book Value
$5.49 per share

Miscellaneous

Free Float
94,643,000
Market Cap
$2.49 billion
Optionable
Optionable
Beta
1.60
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Key Executives















CARG Stock Analysis - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street 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?

8 Wall Street research analysts have issued 1-year target prices for CarGurus' shares. Their CARG share price targets range from $15.00 to $30.00. On average, they anticipate the company's stock price to reach $24.80 in the next twelve months. This suggests a possible upside of 9.9% 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 at the start of the year. Since then, CARG shares have decreased by 6.6% and is now trading at $22.56.
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 Tuesday, May 14th 2024.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) posted its quarterly earnings data on Monday, February, 26th. The company reported $0.35 earnings per share for the quarter, beating analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $223.12 million for the quarter, compared to analyst estimates of $220.05 million. CarGurus had a net margin of 3.40% and a trailing twelve-month return on equity of 7.74%. CarGurus's revenue was down 22.2% compared to the same quarter last year. During the same period last year, the company posted $0.25 EPS.

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

CarGurus updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share guidance of 0.240-0.290 for the period, compared to the consensus earnings per share estimate of 0.310. The company issued revenue guidance of $201.0 million-$221.0 million, compared to the consensus revenue estimate of $235.7 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 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 served 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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.99%), Foxhaven Asset Management LP (4.14%), The Manufacturers Life Insurance Company (2.32%), Dimensional Fund Advisors LP (1.97%), Pacer Advisors Inc. (1.78%) and Northern Trust Corp (0.90%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, 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 3/1/2024 by MarketBeat.com Staff