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DOW   35,950.89
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Salesforce, Big Lots rise; Pure Storage, Cracker Barrel fall, Thursday, 11/30/2023
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
All the trading advice you’ve ever received boils down to this (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Stock market today: World shares mixed after Wall St ends its best month of '23 with big gains
Salesforce.com completes a reversal: new all-time high in sight
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Salesforce, Big Lots rise; Pure Storage, Cracker Barrel fall, Thursday, 11/30/2023
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
All the trading advice you’ve ever received boils down to this (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Stock market today: World shares mixed after Wall St ends its best month of '23 with big gains
Salesforce.com completes a reversal: new all-time high in sight
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Salesforce, Big Lots rise; Pure Storage, Cracker Barrel fall, Thursday, 11/30/2023
S&P 500   4,567.80
DOW   35,950.89
QQQ   388.83
Are blue chip stocks a good investment?
All the trading advice you’ve ever received boils down to this (Ad)
Power Play: GE's game-changing technology for EVs and grids
Home sales hit a 13-year low... what now?
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
Stock market today: World shares mixed after Wall St ends its best month of '23 with big gains
Salesforce.com completes a reversal: new all-time high in sight
The Only Practical Solution to the World’s Looming Energy Crisis (Ad)
A 15% gain in store for Five Below after rosy holiday outlook
Salesforce, Big Lots rise; Pure Storage, Cracker Barrel fall, Thursday, 11/30/2023

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

$21.62
-0.31 (-1.41%)
(As of 11/30/2023 ET)
Compare
Today's Range
$21.52
$22.07
50-Day Range
$17.00
$21.93
52-Week Range
$11.81
$24.22
Volume
1.03 million shs
Average Volume
1.06 million shs
Market Capitalization
$2.43 billion
P/E Ratio
36.64
Dividend Yield
N/A
Price Target
$23.08

CarGurus MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
6.8% Upside
$23.08 Price Target
Short Interest
Bearish
8.98% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
1.09mentions of CarGurus in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
12.94%
From $0.85 to $0.96 Per Share

Overall MarketRank

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

1.51 out of 5 stars

Auto/Tires/Trucks Sector

78th out of 90 stocks

Data Processing & Preparation Industry

46th out of 55 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

Should Value Investors Buy CarGurus (CARG) Stock?
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
Offshore Wind Project Cancellations Add to Copper Demand Concerns
Trading Experts Call It “The Perfect Tesla Trade”
Thanks to a new discovery linked to shares of Tesla, regular folks can now target gains of 100% or more in six days or less. New research shows it’s happened 23 different times this year. The next trade is scheduled for this Thursday.
CarGurus goes all-in on CarOffer with $75M stake
Analyst Expectations for CarGurus's Future
CarGurus Announces Third Quarter 2023 Results
CarGurus Agrees to Fully Acquire CarOffer
CarGurus Names Elisa Palazzo Finance Chief
CarGurus appoints Elisa Palazzo as its CFO
Ahead of HQ move, CarGurus has named a new CFO
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.

Company Calendar

Last Earnings
11/07/2023
Today
11/30/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/27/2024

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
$23.08
High Stock Price Target
$28.00
Low Stock Price Target
$15.00
Potential Upside/Downside
+6.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$193.79 million
Pretax Margin
10.29%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$1.37 per share
Book Value
$6.39 per share

Miscellaneous

Free Float
94,643,000
Market Cap
$2.43 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?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street 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?

11 brokers have issued 1 year target prices for CarGurus' stock. Their CARG share price targets range from $15.00 to $28.00. On average, they expect the company's stock price to reach $23.08 in the next twelve months. This suggests a possible upside of 6.8% 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 at the beginning of 2023. Since then, CARG shares have increased by 54.3% and is now trading at $21.62.
View the best growth stocks for 2023 here
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 27th 2024.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) released its quarterly earnings results on Tuesday, November, 7th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.07. The company earned $219.42 million during the quarter, compared to analyst estimates of $215.65 million. CarGurus had a trailing twelve-month return on equity of 15.20% and a net margin of 21.89%.

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

CarGurus issued an update on its fourth quarter earnings guidance on Tuesday, November, 7th. The company provided EPS guidance of $0.30-0.33 for the period, compared to the consensus EPS estimate of $0.28. The company issued revenue guidance of $208-228 million, compared to the consensus revenue estimate of $222.44 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 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 number of retail and institutional investors. Top institutional shareholders include Morgan Stanley (4.12%), The Manufacturers Life Insurance Company (2.49%), Northern Trust Corp (0.89%), Charles Schwab Investment Management Inc. (0.77%), Fort Washington Investment Advisors Inc. OH (0.76%) and Bank of New York Mellon Corp (0.70%). 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.

This page (NASDAQ:CARG) was last updated on 12/1/2023 by MarketBeat.com Staff

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