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DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Better Than Oil Stocks (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Better Than Oil Stocks (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
S&P 500   5,087.03
DOW   39,069.11
QQQ   438.07
Top-Rated AMD nears major breakout level
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Roku stock and the mother of all entry opportunities
AI powerhouse NVIDIA will hit $1000 soon
Here's Why Bitcoin Could Rise to $165,000 Starting Exactly On April 22, 2024. (Ad)
Nvidia, Royal Caribbean rise; Rivian, Etsy fall, Thursday, 2/22/2024
Rivian shares gets discounted; shares can move lower 
Better Than Oil Stocks (Ad)
The Trade Desk: 3 reasons to buy before a new all-time high
Wall Street sees a solid year ahead for homebuilders, though mortgage rates remain a wildcard
NASDAQ:CARG

CarGurus (CARG) Stock Price, News & Analysis

$23.56
+0.66 (+2.88%)
(As of 02/22/2024 ET)
Today's Range
$22.96
$23.62
50-Day Range
$22.49
$24.49
52-Week Range
$15.34
$24.64
Volume
736,692 shs
Average Volume
666,153 shs
Market Capitalization
$2.65 billion
P/E Ratio
39.93
Dividend Yield
N/A
Price Target
$23.50

CarGurus MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.70 Rating Score
Upside/​Downside
0.3% Downside
$23.50 Price Target
Short Interest
Healthy
7.80% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.63mentions of CarGurus in the last 14 days
Based on 8 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
11.49%
From $0.87 to $0.97 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.

2.92 out of 5 stars

Auto/Tires/Trucks Sector

35th out of 79 stocks

Data Processing & Preparation Industry

25th out of 58 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 (CARG) to Release Quarterly Earnings on Monday
66,000% upside on tiny biotech?
The Wall Street Journal reports that this medical breakthrough is "Transforming Medicine." One analyst calculated that it could be worth $1 Trillion, making the upside potential of this small-cap 66,000% above today's price.
Short Interest in CarGurus, Inc. (NASDAQ:CARG) Drops By 5.5%
Analysts Set CarGurus, Inc. (NASDAQ:CARG) PT at $23.50
CARG Mar 2024 26.000 call
AI Creates New Cancer Drug - In Just 30 Days!
On December 22, 2022, AI discovered a new treatment for multiple myeloma... in just 4 months... On March 19, 2023, AI discovered a new drug for liver cancer... in only 30 days... There's one small-cap at the center of it all. Bill Gates owns 7 million shares... Billionaire hedge-fund manager Steve Cohen owns 1.4 million shares...
Should You Buy a Used Car This February?
What Is CarGurus, Inc.'s (NASDAQ:CARG) Share Price Doing?
What is collision insurance?
See More Headlines
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Company Calendar

Last Earnings
11/08/2021
Today
2/23/2024
Next Earnings (Confirmed)
2/26/2024
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
$23.50
High Stock Price Target
$28.00
Low Stock Price Target
$15.00
Potential Upside/Downside
-0.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.70
Research Coverage
10 Analysts

Profitability

Net Income
$193.79 million
Pretax Margin
10.29%

Debt

Sales & Book Value

Annual Sales
$977.86 million
Cash Flow
$1.40 per share
Book Value
$6.24 per share

Miscellaneous

Free Float
94,643,000
Market Cap
$2.65 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?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 7 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 target for 2024?

10 analysts have issued 12 month target prices for CarGurus' stock. Their CARG share price targets range from $15.00 to $28.00. On average, they anticipate the company's stock price to reach $23.50 in the next twelve months. This suggests that the stock has a possible downside of 0.3%.
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 beginning of the year. Since then, CARG stock has decreased by 2.5% and is now trading at $23.56.
View the best growth stocks for 2024 here
.

Are investors shorting CarGurus?

CarGurus saw a decrease in short interest in January. As of January 31st, there was short interest totaling 6,710,000 shares, a decrease of 5.5% from the January 15th total of 7,100,000 shares. Based on an average trading volume of 891,700 shares, the days-to-cover ratio is currently 7.5 days. Currently, 7.8% of the shares of the company 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 Monday, February 26th 2024.
View our CARG earnings forecast
.

How can I listen to CarGurus' earnings call?

CarGurus will be holding an earnings conference call on Monday, February 26th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13743012".

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) posted its quarterly earnings data on Monday, November, 8th. The company reported $0.38 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.19. The business had revenue of $222.92 million for the quarter, compared to the consensus estimate of $215.32 million. CarGurus had a net margin of 21.89% and a trailing twelve-month return on equity of 15.20%. During the same period in the prior year, the firm posted $0.30 earnings per share.

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 a price of $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 institutional and retail investors. Top institutional shareholders 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 2/23/2024 by MarketBeat.com Staff