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T   18.74 (-1.47%)
MU   54.05 (-1.15%)
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NASDAQ:CARG

CarGurus - CARG Stock Forecast, Price & News

$12.60
-0.48 (-3.67%)
(As of 12/5/2022 03:59 PM ET)
Add
Compare
Today's Range
$12.49
$13.17
50-Day Range
$12.32
$15.23
52-Week Range
$9.14
$50.03
Volume
52,591 shs
Average Volume
1.38 million shs
Market Capitalization
$1.50 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$23.59

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
87.1% Upside
$23.59 Price Target
Short Interest
Bearish
9.45% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.60mentions of CarGurus in the last 14 days
Based on 5 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-50.00%
From $0.44 to $0.22 Per Share

Overall MarketRank

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

1.99 out of 5 stars

Auto/Tires/Trucks Sector

52nd out of 103 stocks

Data Processing & Preparation Industry

41st out of 72 stocks

CARG stock logo

About CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

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CARG Stock News Headlines

Are Investors Undervaluing CarGurus (CARG) Right Now?
CarGurus (CARG) Misses Q3 Earnings and Revenue Estimates
CarGurus Announces Third Quarter 2022 Results
CarGurus to Report Third Quarter 2022 Financial Results
See More Headlines
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CARG Company Calendar

Last Earnings
11/08/2022
Today
12/05/2022
Fiscal Year End
12/31/2022
Next Earnings (Estimated)
2/23/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:CARG
Fax
N/A
Employees
1,203
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$23.59
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$11.50
Forecasted Upside/Downside
+87.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$-150,000.00
Pretax Margin
7.22%

Debt

Sales & Book Value

Annual Sales
$951.37 million
Cash Flow
$1.45 per share
Book Value
$4.39 per share

Miscellaneous

Free Float
101,333,000
Market Cap
$1.50 billion
Optionable
Optionable
Beta
1.59

Key Executives

  • Mr. E. Langley SteinertMr. E. Langley Steinert (Age 58)
    Founder & Exec. Chairman
    Comp: $10k
  • Mr. Jason M. Trevisan (Age 47)
    CEO & Director
    Comp: $1.2M
  • Mr. Samuel  ZalesMr. Samuel Zales (Age 58)
    COO & Pres
    Comp: $913.59k
  • Ms. Dafna Sarnoff (Age 58)
    Chief Marketing Officer
    Comp: $145.73k
  • Ms. Andrea Lee EldridgeMs. Andrea Lee Eldridge (Age 47)
    Chief People Officer
    Comp: $598.56k
  • Mr. Yann Bruno Gellot (Age 50)
    Principal Accounting Officer
  • Mr. Matthew Todd Quinn (Age 50)
    Chief Technology Officer
  • Ms. Kirndeep Singh
    VP & Head of Investor Relations
  • Mr. Javier Zamora
    Gen. Counsel & Corp. Sec.
  • Brian Kramer
    Director of PR













CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

11 Wall Street research 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. The consensus among Wall Street research 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 Wall Street analysts have issued twelve-month target prices for CarGurus' stock. Their CARG share price forecasts range from $11.50 to $43.00. On average, they predict the company's stock price to reach $23.59 in the next year. This suggests a possible upside of 80.4% 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 2022?

CarGurus' stock was trading at $33.64 at the start of the year. Since then, CARG shares have decreased by 61.1% and is now trading at $13.08.
View the best growth stocks for 2022 here
.

Are investors shorting CarGurus?

CarGurus saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 8,370,000 shares, an increase of 26.2% from the October 31st total of 6,630,000 shares. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is currently 4.8 days. Approximately 9.5% of the company's shares are short sold.
View CarGurus' Short Interest
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) posted its quarterly earnings data on Tuesday, November, 8th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.03 by $0.23. The business earned $426.45 million during the quarter, compared to analyst estimates of $463.18 million. CarGurus had a trailing twelve-month return on equity of 20.56% and a net margin of 3.76%.

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

CarGurus updated its fourth quarter earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $0.13 to $0.16 for the period, compared to the consensus EPS estimate of $0.28. The company issued revenue guidance of $270 million to $300 million, compared to the consensus revenue estimate of $468.91 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 (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 acted 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 number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.77%), The Manufacturers Life Insurance Company (7.37%), BlackRock Inc. (5.62%), Par Capital Management Inc. (5.30%), Eaton Vance Management (2.05%) and State Street Corp (1.69%). 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 $13.08.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $1.56 billion and generates $951.37 million in revenue each year. The company earns $-150,000.00 in net income (profit) each year or ($1.16) on an earnings per share basis.

How many employees does CarGurus have?

The company employs 1,203 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 12/5/2022 by MarketBeat.com Staff