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MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
MarketBeat Week in Review – 5/29 - 6/2
How A.I. Could Make Most 21st Century Diseases EXTINCT (Ad)
Tragedy that left 5 dead or missing puts spotlight on safety in Alaska charter fishing industry
Russia bans 'unfriendly' countries' journalists from showpiece economic gathering
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
Biden signs debt ceiling bill that pulls US back from brink of unprecedented default
"Unknown laser company making HUGE profit from Russia-Ukraine War" (Ad)
Twitter executive responsible for content safety resigns after Elon Musk criticism
NASDAQ:CARG

CarGurus (CARG) Stock Forecast, Price & News

$19.50
+0.38 (+1.99%)
(As of 06/2/2023 ET)
Compare
Today's Range
$19.20
$19.76
50-Day Range
$15.50
$19.50
52-Week Range
$9.14
$26.43
Volume
1.17 million shs
Average Volume
1.31 million shs
Market Capitalization
$2.21 billion
P/E Ratio
55.72
Dividend Yield
N/A
Price Target
$21.27

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
9.1% Upside
$21.27 Price Target
Short Interest
Bearish
10.25% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.56mentions of CarGurus in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
13.04%
From $0.46 to $0.52 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.38 out of 5 stars

Auto/Tires/Trucks Sector

92nd out of 101 stocks

Data Processing & Preparation Industry

54th out of 64 stocks


CARG stock logo

About CarGurus (NASDAQ:CARG) Stock

Cargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

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CARG Stock News Headlines

JMP Securities Reaffirms Their Hold Rating on CarGurus (CARG)
Analyst Ratings for CarGurus
"Unknown laser company making HUGE profit from Russia-Ukraine War"
On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>
Contrasting CarGurus (NASDAQ:CARG) & Toast (NYSE:TOST)
Brokerages Set CarGurus, Inc. (NASDAQ:CARG) PT at $21.27
The “Amazon Secret Royalty Program” Can Help Anyone Retire Like Royalty
A unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.
CarGurus (NASDAQ:CARG) Price Target Raised to $24.00
The Latest Analyst Ratings for CarGurus
Why CarGurus Stock Was Up This Week
D.A. Davidson Sticks to Its Buy Rating for SmartRent (SMRT)
Raymond James Sticks to Its Buy Rating for CarGurus (CARG)
BTIG Keeps Their Buy Rating on CarGurus (CARG)
CarGurus: Q1 Earnings Snapshot
CarGurus: Q1 Earnings Insights
See More Headlines

CARG Price History

CARG Company Calendar

Last Earnings
11/08/2021
Today
6/03/2023
Next Earnings (Estimated)
8/14/2023
Fiscal Year End
12/31/2023

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 Forecast
$21.27
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+9.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$193.79 million
Pretax Margin
7.09%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$1.40 per share
Book Value
$6.14 per share

Miscellaneous

Free Float
95,527,000
Market Cap
$2.21 billion
Optionable
Optionable
Beta
1.61

Key Executives

  • Jason Trevisan
    Chief Executive Officer & Director
  • Samuel ZalesSamuel Zales
    President & Chief Operating Officer
  • Matthew Quinn
    Chief Technology Officer
  • Kirndeep Singh
    Vice President & Head-Investor Relations
  • Tom Caputo
    Chief Product Officer













CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

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.
View CARG analyst ratings
or view top-rated stocks.

What is CarGurus' stock price forecast for 2023?

11 analysts have issued 1-year target prices for CarGurus' stock. Their CARG share price forecasts range from $12.00 to $37.00. On average, they predict the company's stock price to reach $21.27 in the next year. This suggests a possible upside of 9.1% from the stock's current price.
View analysts price targets for CARG
or view top-rated stocks among Wall Street analysts.

How have CARG shares performed in 2023?

CarGurus' stock was trading at $14.01 on January 1st, 2023. Since then, CARG stock has increased by 39.2% and is now trading at $19.50.
View the best growth stocks for 2023 here
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) issued its earnings results on Monday, November, 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.19. The company had revenue of $222.92 million for the quarter, compared to analyst estimates 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 period last year, the company posted $0.30 earnings per share.

What guidance has CarGurus issued on next quarter's earnings?

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 EPS estimate of $0.18. The company issued revenue guidance of $220-240 million, compared to the consensus revenue estimate of $228.34 million.

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 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 served as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.

What is CarGurus' stock symbol?

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

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a variety 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.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $19.50.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $2.21 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.

How many employees does CarGurus have?

The company employs 1,403 workers across the globe.

How can I contact CarGurus?

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.

This page (NASDAQ:CARG) was last updated on 6/3/2023 by MarketBeat.com Staff

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