S&P 500   4,346.99 (+0.39%)
DOW   34,079.37 (+0.03%)
QQQ   360.87 (+0.84%)
AAPL   176.49 (+1.47%)
MSFT   320.03 (+0.16%)
META   304.93 (+3.11%)
GOOGL   131.43 (+0.76%)
AMZN   131.47 (+1.65%)
TSLA   255.81 (+0.04%)
NVDA   418.77 (+2.10%)
NIO   8.62 (+2.01%)
BABA   88.37 (+5.06%)
AMD   98.26 (+2.24%)
T   15.15 (-1.05%)
F   12.66 (+3.77%)
MU   69.31 (+2.08%)
CGC   0.84 (+9.12%)
GE   113.01 (+0.02%)
DIS   82.26 (-0.57%)
AMC   7.85 (+1.95%)
PFE   32.75 (-0.30%)
PYPL   58.83 (+0.36%)
NFLX   384.02 (-0.03%)
S&P 500   4,346.99 (+0.39%)
DOW   34,079.37 (+0.03%)
QQQ   360.87 (+0.84%)
AAPL   176.49 (+1.47%)
MSFT   320.03 (+0.16%)
META   304.93 (+3.11%)
GOOGL   131.43 (+0.76%)
AMZN   131.47 (+1.65%)
TSLA   255.81 (+0.04%)
NVDA   418.77 (+2.10%)
NIO   8.62 (+2.01%)
BABA   88.37 (+5.06%)
AMD   98.26 (+2.24%)
T   15.15 (-1.05%)
F   12.66 (+3.77%)
MU   69.31 (+2.08%)
CGC   0.84 (+9.12%)
GE   113.01 (+0.02%)
DIS   82.26 (-0.57%)
AMC   7.85 (+1.95%)
PFE   32.75 (-0.30%)
PYPL   58.83 (+0.36%)
NFLX   384.02 (-0.03%)
S&P 500   4,346.99 (+0.39%)
DOW   34,079.37 (+0.03%)
QQQ   360.87 (+0.84%)
AAPL   176.49 (+1.47%)
MSFT   320.03 (+0.16%)
META   304.93 (+3.11%)
GOOGL   131.43 (+0.76%)
AMZN   131.47 (+1.65%)
TSLA   255.81 (+0.04%)
NVDA   418.77 (+2.10%)
NIO   8.62 (+2.01%)
BABA   88.37 (+5.06%)
AMD   98.26 (+2.24%)
T   15.15 (-1.05%)
F   12.66 (+3.77%)
MU   69.31 (+2.08%)
CGC   0.84 (+9.12%)
GE   113.01 (+0.02%)
DIS   82.26 (-0.57%)
AMC   7.85 (+1.95%)
PFE   32.75 (-0.30%)
PYPL   58.83 (+0.36%)
NFLX   384.02 (-0.03%)
S&P 500   4,346.99 (+0.39%)
DOW   34,079.37 (+0.03%)
QQQ   360.87 (+0.84%)
AAPL   176.49 (+1.47%)
MSFT   320.03 (+0.16%)
META   304.93 (+3.11%)
GOOGL   131.43 (+0.76%)
AMZN   131.47 (+1.65%)
TSLA   255.81 (+0.04%)
NVDA   418.77 (+2.10%)
NIO   8.62 (+2.01%)
BABA   88.37 (+5.06%)
AMD   98.26 (+2.24%)
T   15.15 (-1.05%)
F   12.66 (+3.77%)
MU   69.31 (+2.08%)
CGC   0.84 (+9.12%)
GE   113.01 (+0.02%)
DIS   82.26 (-0.57%)
AMC   7.85 (+1.95%)
PFE   32.75 (-0.30%)
PYPL   58.83 (+0.36%)
NFLX   384.02 (-0.03%)
NASDAQ:CARG

CarGurus (CARG) Stock Forecast, Price & News

$17.75
+0.20 (+1.14%)
(As of 10:57 AM ET)
Compare
Today's Range
$17.62
$17.79
50-Day Range
$17.54
$23.74
52-Week Range
$9.14
$24.22
Volume
79,223 shs
Average Volume
1.33 million shs
Market Capitalization
$2.01 billion
P/E Ratio
31.70
Dividend Yield
N/A
Price Target
$23.00

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.58 Rating Score
Upside/​Downside
29.7% Upside
$23.00 Price Target
Short Interest
Healthy
10.31% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.48mentions of CarGurus in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.14%
From $0.70 to $0.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.66 out of 5 stars

Auto/Tires/Trucks Sector

17th out of 92 stocks

Data Processing & Preparation Industry

13th out of 63 stocks


CARG stock logo

About CarGurus (NASDAQ:CARG) Stock

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 Price History

CARG Stock News Headlines

Why Analysts Love These 2 Car Sales Platforms, And Avoid Dealers (CARG)
As car prices stabilize and come back down to normality, money begins to pivot into these two stocks while avoiding names like these other two
Analysts Set CarGurus, Inc. (NASDAQ:CARG) Price Target at $23.00
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's
A small, publicly traded biotech is racing to the discovery of a lifetime: Using a Drug Smuggler to Fight Alzheimer's, Parkinson's and Dementia. This radical treatment is so promising, Biogen, Sanofi and Genentech paid $1 billion to license it. Click here to learn more >>>
14 Signs Your Car Is About to Die
Jeff Bezos Backs "Drug Smuggler" to Fight Alzheimer's
A small, publicly traded biotech is racing to the discovery of a lifetime: Using a Drug Smuggler to Fight Alzheimer's, Parkinson's and Dementia. This radical treatment is so promising, Biogen, Sanofi and Genentech paid $1 billion to license it. Click here to learn more >>>
Returns At CarGurus (NASDAQ:CARG) Appear To Be Weighed Down
Cheapest McLarens Money Can Buy
Why Cargurus (CARG) Stock Is Volatile This Week
10 Analysts Have This to Say About CarGurus
CARG Jan 2024 19.000 put
What's Driving JOYY Inc's Surprising 25% Stock Rally?
Lego picks CarGurus building as new Americas HQ
See More Headlines
Receive CARG Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for CarGurus and its competitors with MarketBeat's FREE daily newsletter.

CARG Company Calendar

Last Earnings
8/09/2023
Today
9/22/2023
Next Earnings (Estimated)
11/14/2023
Fiscal Year End
12/31/2023

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 Forecast
$23.00
High Stock Price Forecast
$28.00
Low Stock Price Forecast
$15.00
Forecasted Upside/Downside
+31.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.58
Research Coverage
12 Analysts

Profitability

Net Income
$193.79 million
Pretax Margin
8.63%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$1.34 per share
Book Value
$6.24 per share

Miscellaneous

Free Float
95,679,000
Market Cap
$1.99 billion
Optionable
Optionable
Beta
1.62
5G Stocks: The Path Forward is Profitable Cover

Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.

Get This Free Report

Key Executives

  • Mr. E. Langley SteinertMr. E. Langley Steinert (Age 59)
    Founder & Exec. Chairman
    Comp: $10k
  • Mr. Jason M. Trevisan (Age 48)
    CEO, Treasurer & Director
    Comp: $1M
  • Mr. Matthew Todd Quinn (Age 51)
    Chief Technology Officer
    Comp: $533.6k
  • Ms. Andrea Lee EldridgeMs. Andrea Lee Eldridge (Age 47)
    Chief People Officer
    Comp: $505.76k
  • Mr. Samuel ZalesMr. Samuel Zales (Age 59)
    COO & Pres
  • Mr. Yann Bruno Gellot (Age 51)
    Principal Accounting Officer
  • Ms. Kirndeep Singh
    VP & Head of Investor Relations
  • Mr. Javier Zamora (Age 52)
    Gen. Counsel & Corp. Sec.
  • Brian Kramer
    Director of PR
  • Ms. Dafna Sarnoff (Age 59)
    Chief Marketing Officer













CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 sell rating, 3 hold ratings and 8 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 forecast for 2023?

12 Wall Street analysts have issued 12 month price objectives for CarGurus' stock. Their CARG share price forecasts range from $15.00 to $28.00. On average, they anticipate the company's share price to reach $23.00 in the next year. This suggests a possible upside of 31.1% 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 2023?

CarGurus' stock was trading at $14.01 on January 1st, 2023. Since then, CARG stock has increased by 25.3% and is now trading at $17.55.
View the best growth stocks for 2023 here
.

Are investors shorting CarGurus?

CarGurus saw a drop in short interest in August. As of August 31st, there was short interest totaling 8,650,000 shares, a drop of 5.3% from the August 15th total of 9,130,000 shares. Based on an average daily volume of 1,620,000 shares, the days-to-cover ratio is presently 5.3 days. Currently, 10.3% of the company's shares are short sold.
View CarGurus' Short Interest
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 14th 2023.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) released its earnings results on Wednesday, August, 9th. The company reported $0.18 EPS for the quarter, beating analysts' consensus estimates of $0.13 by $0.05. The firm earned $239.74 million during the quarter, compared to the consensus estimate of $229.97 million. CarGurus had a trailing twelve-month return on equity of 17.12% and a net margin of 25.21%.

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

CarGurus issued an update on its third quarter 2023 earnings guidance on Thursday, August, 10th. The company provided earnings per share guidance of $0.24-$0.27 for the period, compared to the consensus earnings per share estimate of $0.23. The company issued revenue guidance of $201.00 million-$221.00 million, compared to the consensus revenue estimate of $238.73 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 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.

What is CarGurus' stock symbol?

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

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a number of institutional and retail investors. Top institutional investors include BlackRock Inc. (13.08%), ArrowMark Colorado Holdings LLC (8.06%), State Street Corp (2.91%), The Manufacturers Life Insurance Company (2.33%), Dimensional Fund Advisors LP (1.74%) and Geode Capital Management LLC (1.65%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $17.55.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $1.99 billion and generates $1.66 billion in revenue each year. The company earns $193.79 million in net income (profit) each year or $0.56 on an earnings per share basis.

How many employees does CarGurus have?

The company employs 1,403 workers across the globe.

How can I contact CarGurus?

CarGurus' mailing address is 2 Canal Park 4thFloor, Cambridge MA, 02141. The official website for the company is www.cargurus.com. The company can be reached via phone at (617) 354-0068 or via email at investors@cargurus.com.

This page (NASDAQ:CARG) was last updated on 9/22/2023 by MarketBeat.com Staff

My Account -