NASDAQ:CARG - CarGurus Stock Price, Forecast & News

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

CarGurus Inc (NASDAQ:CARG) posted its earnings results on Thursday, February, 13th. The company reported $0.17 earnings per share for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The company earned $158.15 million during the quarter, compared to analyst estimates of $154.80 million. CarGurus had a return on equity of 17.62% and a net margin of 7.16%. View CarGurus' Earnings History.

CarGurus is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for CarGurus.

CarGurus issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.66. The company issued revenue guidance of $664-676 million, compared to the consensus revenue estimate of $706.15 million.

11 Wall Street analysts have issued twelve-month target prices for CarGurus' stock. Their forecasts range from $34.00 to $55.00. On average, they anticipate CarGurus' share price to reach $47.22 in the next twelve months. This suggests a possible upside of 71.1% from the stock's current price. View Analyst Price Targets for CarGurus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CarGurus.

News coverage about CARG stock has been trending very negative recently, according to InfoTrie. The research group identifies negative and positive 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 -5 to 5, with scores closest to five being the most favorable. CarGurus earned a media sentiment score of -3.0 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 10.0 out of 10, indicating that recent press coverage is extremely likely to have an effect on the stock's share price in the next several days. View News Stories for CarGurus.

CarGurus saw a drop in short interest during the month of January. As of January 15th, there was short interest totalling 11,380,000 shares, a drop of 5.2% from the December 31st total of 12,010,000 shares. Based on an average trading volume of 887,300 shares, the days-to-cover ratio is presently 12.8 days. Approximately 14.2% of the shares of the company are sold short. View CarGurus' Current Options Chain.

Some companies that are related to CarGurus include PagSeguro Digital (PAGS), StoneCo (STNE), Autohome (ATHM), Zendesk (ZEN), Pegasystems (PEGA), Bilibili (BILI), Clarivate Analytics (CCC), DXC Technology (DXC), Proofpoint (PFPT), Zynga (ZNGA), YY (YY), Five9 (FIVN), Globant (GLOB), Corelogic (CLGX) and Inovalon (INOV).

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

(CARG) raised $132 million in an IPO 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 acted 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 FMR LLC (8.26%), HMI Capital LLC (4.75%), Spinnaker Capital LLC (2.97%), Goldman Sachs Group Inc. (2.74%), State Street Corp (1.39%) and ArrowMark Colorado Holdings LLC (1.16%). 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 FMR LLC, Spinnaker Capital LLC, Massachusetts Financial Services Co. MA, Renaissance Technologies LLC, Bank of America Corp DE, Bollard Group LLC, MERIAN GLOBAL INVESTORS UK Ltd and 361 Capital LLC. 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, 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 Goldman Sachs Group Inc., ArrowMark Colorado Holdings LLC, HMI Capital LLC, Dynamo Internacional Gestao DE Recursos LTDA., Assenagon Asset Management S.A., Ennismore Fund Management Ltd, Allen Investment Management LLC and CI Investments Inc.. 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 $27.60.

CarGurus has a market capitalization of $3.10 billion and generates $588.92 million in revenue each year. The company earns $42.15 million in net income (profit) each year or $0.38 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]