NASDAQ:CARG - CarGurus Stock Price, Forecast & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CARG shares have decreased by 20.0% and is now trading at $16.47. View which stocks have been mosted impacted by Coronavirus.

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CarGurus.

CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for CarGurus.

CarGurus Inc (NASDAQ:CARG) issued its quarterly earnings data on Thursday, February, 13th. The company reported $0.17 EPS for the quarter, beating the Zacks' consensus estimate of $0.14 by $0.03. The company earned $158.15 million during the quarter, compared to analysts' expectations of $154.80 million. CarGurus had a net margin of 7.16% and a return on equity of 17.62%. View CarGurus' earnings history.

CarGurus updated 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 earnings per share estimate of $0.66. The company issued revenue guidance of $664-676 million, compared to the consensus revenue estimate of $706.15 million.

9 brokers have issued 12 month target prices for CarGurus' shares. Their forecasts range from $23.00 to $50.00. On average, they anticipate CarGurus' share price to reach $36.00 in the next twelve months. This suggests a possible upside of 118.6% from the stock's current price. View analysts' price targets for CarGurus.

Media coverage about CARG stock has trended very negative recently, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of 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 -3.3 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near term. View the latest news aboutCarGurus.

CarGurus saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 7,570,000 shares, a decrease of 13.5% from the February 13th total of 8,750,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the short-interest ratio is currently 5.0 days. Currently, 11.9% of the shares of the stock are short sold. View CarGurus' Current Options Chain.

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

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

(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.

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

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 $16.47.

CarGurus has a market capitalization of $1.85 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]