NASDAQ:CARG - CarGurus Stock Price, Forecast & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CARG stock has decreased by 8.0% and is now trading at $18.96. 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) announced its quarterly earnings data on Thursday, February, 13th. The company reported $0.17 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.14 by $0.03. The business 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 issued an update on its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share (EPS) guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.66. The company issued revenue guidance of $664-676 million, compared to the consensus revenue estimate of $706.15 million.

9 analysts have issued 1 year target prices for CarGurus' stock. Their forecasts range from $23.00 to $50.00. On average, they anticipate CarGurus' stock price to reach $37.14 in the next year. This suggests a possible upside of 95.9% from the stock's current price. View analysts' price targets for CarGurus.

Headlines about CARG stock have been trending somewhat positive on Sunday, InfoTrie Sentiment reports. InfoTrie ranks the sentiment of media 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 negative five to positive five, with scores closest to five being the most favorable. CarGurus earned a news impact score of 1.2 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent media coverage is extremely unlikely to have an impact on the company's share price in the next several days. 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 volume of 1,500,000 shares, the days-to-cover ratio is currently 5.0 days. Approximately 11.9% of the company's stock are short sold. View CarGurus' Current Options Chain.

Some companies that are related to CarGurus include Autohome (ATHM), StoneCo (STNE), Zendesk (ZEN), Clarivate Analytics (CCC), PagSeguro Digital (PAGS), Bilibili (BILI), Zynga (ZNGA), Pegasystems (PEGA), Proofpoint (PFPT), Five9 (FIVN), YY (YY), DXC Technology (DXC), 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), NVIDIA (NVDA), Roku (ROKU), Tesla (TSLA), Alibaba Group (BABA), Comcast (CMCSA) and salesforce.com (CRM).

(CARG) raised $132 million in an initial public offering (IPO) 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 trades on the NASDAQ under the ticker symbol "CARG."

CarGurus' stock is owned by a variety 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 activity for CarGurus.

CARG stock was bought 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., Norges Bank, Ennismore Fund Management Ltd, and Allen Investment Management LLC. View insider buying and selling activity 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 $18.96.

CarGurus has a market capitalization of $2.13 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]