NASDAQ:CARG - CarGurus Stock Price, Forecast & News

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

CarGurus Inc (NASDAQ:CARG) issued its earnings results on Tuesday, November, 5th. The company reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.10. The firm had revenue of $150.50 million for the quarter, compared to analyst estimates of $147.99 million. CarGurus had a net margin of 7.44% and a return on equity of 18.30%. The company's quarterly revenue was up 26.4% on a year-over-year basis. During the same quarter last year, the business posted $0.08 earnings per share. View CarGurus' Earnings History.

CarGurus is scheduled to release their next quarterly earnings announcement on Thursday, February 27th 2020. View Earnings Estimates for CarGurus.

CarGurus issued an update on its fourth quarter earnings guidance on Tuesday, November, 5th. The company provided earnings per share (EPS) guidance of $0.12-$0.13 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.14. The company issued revenue guidance of $152.2-$155.2 million, compared to the consensus revenue estimate of $154.05 million.

13 brokers have issued 12 month price objectives for CarGurus' stock. Their forecasts range from $42.00 to $54.00. On average, they anticipate CarGurus' stock price to reach $48.45 in the next year. This suggests a possible upside of 31.6% from the stock's current price. View Analyst Price Targets for CarGurus.

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 2 hold ratings and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CarGurus.

Media coverage about CARG stock has trended negative this week, InfoTrie reports. The research group rates the sentiment of press coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CarGurus earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View News Stories for CarGurus.

CarGurus saw a increase in short interest in the month of November. As of November 29th, there was short interest totalling 11,580,000 shares, an increase of 6.8% from the November 14th total of 10,840,000 shares. Based on an average daily trading volume, of 1,020,000 shares, the days-to-cover ratio is presently 11.4 days. Approximately 14.7% of the company's stock are sold short. View CarGurus' Current Options Chain.

Some companies that are related to CarGurus include RingCentral (RNG), StoneCo (STNE), PagSeguro Digital (PAGS), DXC Technology (DXC), Zendesk (ZEN), Autohome (ATHM), Proofpoint (PFPT), Pegasystems (PEGA), Zynga (ZNGA), CHURCHILL CAP C/SH (CCC), Bilibili (BILI), YY (YY), Five9 (FIVN), Globant (GLOB) and LiveRamp (RAMP).

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Netflix (NFLX), Twilio (TWLO), Bank of America (BAC), salesforce.com (CRM), Intelsat (I), Comcast (CMCSA), NVIDIA (NVDA), Alibaba Group (BABA), Mongodb (MDB) and Roku (ROKU).

(CARG) raised $132 million in an initial public offering 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.

CarGurus' stock is owned by a variety of of retail and institutional investors. Top institutional investors include HMI Capital LLC (3.89%), State Street Corp (1.37%), Massachusetts Financial Services Co. MA (0.67%), Voya Investment Management LLC (0.54%), Kornitzer Capital Management Inc. KS (0.16%) and California Public Employees Retirement System (0.12%). Company insiders that own CarGurus stock include Anastasios Parafestas, Argonaut 22 Llc, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Oliver Ian Chrzan, Samuel Zales, Sarah Amory Welch, Spinnaker Capital Llc, Stephen Kaufer, Steven Conine and Thomas Michael Caputo. View Institutional Ownership Trends for CarGurus.

CARG stock was sold by a variety of institutional investors in the last quarter, including SG Americas Securities LLC, Man Group plc, Russell Investments Group Ltd., Peddock Capital Advisors LLC, First Trust Advisors LP, Barclays PLC, Kornitzer Capital Management Inc. KS and Strs Ohio. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Oliver Ian Chrzan, Samuel Zales, Sarah Amory Welch and Thomas Michael Caputo. View Insider Buying and Selling for CarGurus.

CARG stock was purchased by a variety of institutional investors in the last quarter, including HMI Capital LLC, Voya Investment Management LLC, California Public Employees Retirement System, State of New Jersey Common Pension Fund D, State Street Corp, Millennium Management LLC, Massachusetts Financial Services Co. MA and Assenagon Asset Management S.A.. View Insider Buying and Selling for CarGurus.

Shares of CARG 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, Robinhood, Fidelity and Charles Schwab.

One share of CARG stock can currently be purchased for approximately $36.81.

CarGurus has a market capitalization of $4.12 billion and generates $454.09 million in revenue each year. The company earns $65.17 million in net income (profit) each year or $0.57 on an earnings per share basis. CarGurus employs 732 workers across the globe.View Additional Information About CarGurus.

The official website for CarGurus is http://www.cargurus.com/.

CarGurus' mailing address is 2 Canal Park 4thFloor, Cambridge MA, 02141. The company can be reached via phone at 617-354-0068 or via email at [email protected]