CarGurus (CARG) Stock Forecast, Price & News

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 "buy" CARG shares.
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11 Wall Street analysts have issued 12 month price targets for CarGurus' stock. Their CARG share price forecasts range from $12.00 to $37.00. On average, they anticipate the company's share price to reach $21.27 in the next twelve months. This suggests a possible upside of 13.2% from the stock's current price.
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CarGurus' stock was trading at $14.01 at the beginning of 2023. Since then, CARG shares have increased by 34.1% and is now trading at $18.79.
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The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
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CarGurus, Inc. (NASDAQ:CARG) released its quarterly earnings data on Monday, November, 8th. The company reported $0.38 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.19. The company earned $222.92 million during the quarter, compared to analysts' expectations of $215.32 million. CarGurus had a net margin of 18.68% and a trailing twelve-month return on equity of 17.88%. During the same quarter in the prior year, the firm earned $0.30 EPS.

ETFs with the largest weight of CarGurus (NASDAQ:CARG) stock in their portfolio include SPDR S&P Internet ETF (XWEB), Invesco Dynamic Media ETF (PBS), Roundhill Acquirers Deep Value ETF (DEEP), WisdomTree Growth Leaders Fund (PLAT), Janus Henderson Small Cap Growth Alpha ETF (JSML), Distillate Small/Mid Cash Flow ETF (DSMC), RiverFront Dynamic US Flex-Cap ETF (RFFC) and Vanguard U.S. Quality Factor ETF (VFQY).

CarGurus issued an update on its second quarter earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $0.22-0.25 for the period, compared to the consensus estimate of $0.18. The company issued revenue guidance of $220-240 million, compared to the consensus revenue estimate of $228.34 million.

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.

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).

(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.

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

CarGurus' stock is owned by a number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (11.78%), ArrowMark Colorado Holdings LLC (8.14%), BlackRock Inc. (6.06%), Foxhaven Asset Management LP (4.17%), Federated Hermes Inc. (2.34%) and State Street Corp (1.80%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, Jason Trevisan, 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.
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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.
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One share of CARG stock can currently be purchased for approximately $18.79.

CarGurus (NASDAQ:CARG) has a market capitalization of $2.13 billion and generates $1.66 billion in revenue each year. The company earns $193.79 million in net income (profit) each year or $0.35 on an earnings per share basis.

The company employs 1,403 workers across the globe.

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.