CarGurus Stock Price, News & Analysis (NASDAQ:CARG)

$30.82 -0.53 (-1.69 %)
(As of 11/17/2017 08:00 AM ET)
Previous Close$31.35
Today's Range$30.80 - $31.71
52-Week Range$25.85 - $35.42
Volume188,742 shs
Average Volume717,996 shs
Market Capitalization$3.33 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A

About CarGurus (NASDAQ:CARG)

CarGurus logoCarGurus, Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers. In addition to the United States, the Company operates online marketplaces in Canada, the United Kingdom, and Germany. The Company’s products include Consumer Marketplace, Dealer Marketplace, Dealer Dashboard, Dealer Advertising and Customer Acquisition Products, Auto Manufacturer and Other Advertiser Products.


Industry, Sector and Symbol:
  • Industry: Internet Services
  • Sub-Industry: N/A
  • Sector: Internet Services - NEC
  • Symbol: NASDAQ:CARG
  • CUSIP: N/A
  • Web: www.cargurus.com
Misc:
  • Employees: 514
  • Outstanding Shares: 105,310,000
 

Frequently Asked Questions for CarGurus (NASDAQ:CARG)

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) issued its quarterly earnings data on Tuesday, November, 14th. The company reported $0.02 earnings per share for the quarter. The business earned $83 million during the quarter, compared to analyst estimates of $79.23 million. The company's revenue for the quarter was up 56.3% on a year-over-year basis. View CarGurus' Earnings History.

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

CarGurus updated its fourth quarter earnings guidance on Tuesday, November, 14th. The company provided EPS guidance of $0.01-0.02 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.01. The company issued revenue guidance of $85-86 million, compared to the consensus revenue estimate of $82.48 million.

Where is CarGurus' stock going? Where will CarGurus' stock price be in 2017?

5 analysts have issued 1 year price objectives for CarGurus' stock. Their forecasts range from $25.00 to $34.00. On average, they anticipate CarGurus' stock price to reach $29.50 in the next year. View Analyst Ratings for CarGurus.

Who are some of CarGurus' key competitors?

Who are CarGurus' key executives?

CarGurus' management team includes the folowing people:

  • Langley Steinert, Chief Executive Officer, Founder
  • Jason Trevisan, Chief Financial Officer
  • Sam Zales, Chief Operating Officer
  • Marty Blue, Senior Vice President - Business Development
  • Tom Caputo, Senior Vice President - Products

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.

When does the company's quiet period expire?

CarGurus' quiet period expires on Tuesday, November 21st. CarGurus had issued 9,400,000 shares in its IPO on October 12th. The total size of the offering was $150,400,000 based on an initial share price of $16.00. During the company's quiet period, insiders and underwriters involved in the IPO are restricted from issuing any research reports or earnings estimates for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company's quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Who owns CarGurus stock?

CarGurus' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include ALLEN & COMPANY LLC (7.30%). Company insiders that own CarGurus stock include Argonaut 22 Llc, David Lambert Parker, Langley Steinert and Oliver Ian Chrzan. View Institutional Ownership Trends for CarGurus.

How do I buy CarGurus stock?

Shares of CarGurus 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 CarGurus stock can currently be purchased for approximately $30.82.

How big of a company is CarGurus?

CarGurus has a market capitalization of $3.33 billion. CarGurus employs 514 workers across the globe.

How can I contact CarGurus?

CarGurus' mailing address is 2 Canal Park Ste 4, CAMBRIDGE, MA 02141-2232, United States. The company can be reached via phone at +1-617-3540068 or via email at [email protected]


MarketBeat Community Rating for CarGurus (NASDAQ CARG)

Community Ranking:  2.0 out of 5 (star star)
Outperform Votes:  13 (Vote Outperform)
Underperform Votes:  19 (Vote Underperform)
Total Votes:  32
MarketBeat's community ratings are surveys of what our community members think about CarGurus and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.

Analyst Ratings

Analysts' Consensus Rating for CarGurus (NASDAQ:CARG)

  (How are Consensus Ratings Calculated?)
Ratings Breakdown: 0 Sell Ratings, 4 Hold Ratings, 1 Buy Rating, 0 Strong Buy Ratings
Consensus Rating:Hold (Score: 2.20)
Consensus Price Target: $29.50 (4.28% downside)

Consensus Price Target History for CarGurus (NASDAQ:CARG)

Price Target History for CarGurus (NASDAQ:CARG)

Analysts' Ratings History for CarGurus (NASDAQ:CARG)

Show:
DateFirmActionRatingPrice TargetImpact on Share PriceDetails
11/15/2017Royal Bank Of CanadaReiterated RatingSector Perform -> Sector Perform$33.00 -> $34.00N/AView Rating Details
11/6/2017William BlairInitiated CoverageSell -> OutperformN/AView Rating Details
11/6/2017Raymond James Financial, Inc.Initiated CoverageMkt Perform -> Market PerformN/AView Rating Details
11/6/2017JMP SecuritiesInitiated CoverageMkt Perform -> Market PerformN/AView Rating Details
11/6/2017The Goldman Sachs Group, Inc.Initiated CoverageNeutral -> Neutral$25.00N/AView Rating Details
(Data available from 11/18/2015 forward)

Earnings

Earnings History and Estimates Chart for CarGurus (NASDAQ:CARG)

Earnings by Quarter for CarGurus (NASDAQ:CARG)

Earnings History by Quarter for CarGurus (NASDAQ CARG)

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
11/14/2017Q3 2017$0.02$79.23 million$83.00 millionViewN/AView Earnings Details
(Data available from 1/1/2011 forward)

Estimates

Earnings Estimates for CarGurus (NASDAQ:CARG)
2017 EPS Consensus Estimate: $0.01
2018 EPS Consensus Estimate: $0.11
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q3 20171$0.00$0.00$0.00
Q4 20171$0.01$0.01$0.01
Q1 20181$0.02$0.02$0.02
Q2 20181$0.02$0.02$0.02
Q3 20181$0.03$0.03$0.03
Q4 20181$0.04$0.04$0.04
(Data provided by Zacks Investment Research)

Dividends

Dividend History for CarGurus (NASDAQ:CARG)
No dividend announcements for this company have been tracked by MarketBeat.com

Insider Trades

Insider Trading and Institutional Ownership History for CarGurus (NASDAQ CARG)

Insider Trades by Quarter for CarGurus (NASDAQ:CARG)

Insider Trades by Quarter for CarGurus (NASDAQ CARG)

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionDetails
10/16/2017Argonaut 22 LlcMajor ShareholderSell1,523,000$14.88$22,662,240.00View SEC Filing  
10/16/2017David Lambert ParkerDirectorSell269,871$14.88$4,015,680.48View SEC Filing  
10/16/2017Langley SteinertCEOSell3,390,524$14.88$50,450,997.12View SEC Filing  
10/16/2017Oliver Ian ChrzanVPSell270,793$14.88$4,029,399.84View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

Headline Trends for CarGurus (NASDAQ:CARG)

Latest Headlines for CarGurus (NASDAQ CARG)

Source:
DateHeadline
FY2017 Earnings Forecast for CarGurus, Inc. (CARG) Issued By William BlairFY2017 Earnings Forecast for CarGurus, Inc. (CARG) Issued By William Blair
www.americanbankingnews.com - November 17 at 9:44 PM
Is CarGurus Inc (CARG) An Industry Laggard Or Leader?Is CarGurus Inc (CARG) An Industry Laggard Or Leader?
finance.yahoo.com - November 16 at 12:24 PM
CarGurus Races to New High on Strong Q3 ResultsCarGurus Races to New High on Strong Q3 Results
finance.yahoo.com - November 16 at 12:24 PM
CarGurus, Inc. (CARG) Releases Quarterly  Earnings ResultsCarGurus, Inc. (CARG) Releases Quarterly Earnings Results
www.americanbankingnews.com - November 15 at 12:55 PM
CarGurus, Inc. (CARG) Receives Sector Perform Rating from Royal Bank Of CanadaCarGurus, Inc. (CARG) Receives Sector Perform Rating from Royal Bank Of Canada
www.americanbankingnews.com - November 15 at 9:56 AM
CarGurus Announces Third Quarter 2017 Financial ResultsCarGurus Announces Third Quarter 2017 Financial Results
finance.yahoo.com - November 14 at 5:27 PM
CarGurus, Inc. (CARG) Releases Q4 Earnings GuidanceCarGurus, Inc. (CARG) Releases Q4 Earnings Guidance
www.americanbankingnews.com - November 14 at 5:22 PM
CarGurus, Inc.s (CARG) Quiet Period Will End  on November 21stCarGurus, Inc.'s (CARG) Quiet Period Will End on November 21st
www.americanbankingnews.com - November 14 at 1:02 AM
Head to Head Survey: CarGurus (CARG) vs. Bitauto Holdings Limited (BITA)Head to Head Survey: CarGurus (CARG) vs. Bitauto Holdings Limited (BITA)
www.americanbankingnews.com - November 12 at 2:18 PM
Zacks: CarGurus, Inc. (CARG) Given $33.00 Average Price Target by BrokeragesZacks: CarGurus, Inc. (CARG) Given $33.00 Average Price Target by Brokerages
www.americanbankingnews.com - November 11 at 11:46 PM
Brokers Offer Predictions for CarGurus, Inc.s Q3 2017 Earnings (CARG)Brokers Offer Predictions for CarGurus, Inc.'s Q3 2017 Earnings (CARG)
www.americanbankingnews.com - November 8 at 9:36 AM
Zacks: CarGurus, Inc. (CARG) Given Consensus Recommendation of "Hold" by AnalystsZacks: CarGurus, Inc. (CARG) Given Consensus Recommendation of "Hold" by Analysts
www.americanbankingnews.com - November 7 at 10:58 AM
CarGurus, Inc. (CARG) Coverage Initiated by Analysts at William BlairCarGurus, Inc. (CARG) Coverage Initiated by Analysts at William Blair
www.americanbankingnews.com - November 6 at 11:38 AM
CarGurus, Inc. (CARG) Now Covered by Analysts at Raymond James Financial, Inc.CarGurus, Inc. (CARG) Now Covered by Analysts at Raymond James Financial, Inc.
www.americanbankingnews.com - November 6 at 11:38 AM
CarGurus, Inc. (CARG) Earns Sector Perform Rating from Analysts at Royal Bank Of CanadaCarGurus, Inc. (CARG) Earns Sector Perform Rating from Analysts at Royal Bank Of Canada
www.americanbankingnews.com - November 6 at 9:58 AM
CarGurus, Inc. (CARG) Coverage Initiated by Analysts at JMP SecuritiesCarGurus, Inc. (CARG) Coverage Initiated by Analysts at JMP Securities
www.americanbankingnews.com - November 6 at 9:58 AM
CarGurus to Report Third Quarter 2017 Financial ResultsCarGurus to Report Third Quarter 2017 Financial Results
finance.yahoo.com - November 1 at 5:39 PM
Luxury auto brands are scrambling to avoid a Blue U.S. ChristmasLuxury auto brands are scrambling to avoid a Blue U.S. Christmas
finance.yahoo.com - November 1 at 5:39 PM
These 11 Massachusetts tech startups raised $190M in OctoberThese 11 Massachusetts tech startups raised $190M in October
www.bizjournals.com - October 31 at 6:07 PM
CarGurus Inc (CARG) CEO Langley Steinert Sells 3,390,524 SharesCarGurus Inc (CARG) CEO Langley Steinert Sells 3,390,524 Shares
www.americanbankingnews.com - October 18 at 8:56 PM
Insider Selling: CarGurus Inc (CARG) Major Shareholder Sells 1,523,000 Shares of StockInsider Selling: CarGurus Inc (CARG) Major Shareholder Sells 1,523,000 Shares of Stock
www.americanbankingnews.com - October 18 at 7:22 PM
Insider Selling: CarGurus Inc (CARG) Director Sells 269,871 Shares of StockInsider Selling: CarGurus Inc (CARG) Director Sells 269,871 Shares of Stock
www.americanbankingnews.com - October 18 at 7:22 PM
Oliver Ian Chrzan Sells 270,793 Shares of CarGurus Inc (CARG) StockOliver Ian Chrzan Sells 270,793 Shares of CarGurus Inc (CARG) Stock
www.americanbankingnews.com - October 18 at 7:22 PM
CarGurus (CARG) Announces October 12th IPOCarGurus (CARG) Announces October 12th IPO
www.americanbankingnews.com - September 30 at 12:26 PM

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Financials

Financials are not available for this stock.

Chart

CarGurus (NASDAQ CARG) Chart for Saturday, November, 18, 2017
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This page was last updated on 11/18/2017 by MarketBeat.com Staff

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