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 EPS for the quarter, topping analysts' consensus estimates of $0.04 by $0.10. The company had revenue of $150.50 million for the quarter, compared to the consensus estimate of $147.99 million. CarGurus had a net margin of 7.44% and a return on equity of 18.30%. CarGurus's quarterly revenue was up 26.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $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 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 brokerages have issued 1-year target prices 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.

News stories about CARG stock have been trending somewhat positive recently, InfoTrie Sentiment reports. The research group scores the sentiment of press coverage by monitoring more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CarGurus earned a media sentiment score of 2.0 on InfoTrie's scale. They also gave media coverage about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next few days. 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 currently 11.4 days. Approximately 14.7% of the shares of the company are sold short. View CarGurus' Current Options Chain.

Some companies that are related to CarGurus include RingCentral (RNG), StoneCo (STNE), DXC Technology (DXC), PagSeguro Digital (PAGS), Autohome (ATHM), Zendesk (ZEN), 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 many different of institutional and retail investors. Top institutional shareholders 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]