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NASDAQ:CARG

CarGurus - CARG Stock Forecast, Price & News

$19.99
-0.09 (-0.45%)
(As of 08/18/2022 04:22 PM ET)
Add
Compare
Today's Range
$19.60
$20.03
50-Day Range
$19.16
$25.72
52-Week Range
$19.05
$50.03
Volume
907,639 shs
Average Volume
1.23 million shs
Market Capitalization
$2.37 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.00

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
75.4% Upside
$35.00 Price Target
Short Interest
Bearish
7.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.21mentions of CarGurus in the last 14 days
Based on 16 Articles This Week
Insider Trading
Selling Shares
$443,029 Sold Last Quarter
Proj. Earnings Growth
29.27%
From $0.41 to $0.53 Per Share

Overall MarketRank

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

2.32 out of 5 stars

Auto/Tires/Trucks Sector

36th out of 108 stocks

Data Processing & Preparation Industry

28th out of 76 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.

Analysts Set New Price Targets

A number of research analysts have recently commented on CARG shares. Oppenheimer cut their price objective on shares of CarGurus from $38.00 to $32.00 and set a "buy" rating for the company in a research report on Tuesday, August 9th. Needham & Company LLC dropped their price target on shares of CarGurus from $32.00 to $27.00 and set a "buy" rating for the company in a research report on Tuesday, August 9th. Raymond James dropped their price target on shares of CarGurus from $34.00 to $28.00 and set an "outperform" rating for the company in a research report on Tuesday, August 9th. JMP Securities assumed coverage on shares of CarGurus in a research report on Thursday, June 30th. They issued a "market perform" rating for the company. Finally, DA Davidson dropped their price target on shares of CarGurus from $34.00 to $30.00 and set a "neutral" rating for the company in a research report on Tuesday, August 9th. Three equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $35.00.

CarGurus Trading Down 0.9 %

Shares of CARG traded down $0.19 during mid-day trading on Thursday, hitting $19.89. 14,165 shares of the company traded hands, compared to its average volume of 1,438,029. CarGurus has a one year low of $19.05 and a one year high of $50.03. The business has a 50-day moving average of $22.84 and a 200 day moving average of $30.99. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of -18.94, a PEG ratio of 3.89 and a beta of 1.56.

CarGurus (NASDAQ:CARG - Get Rating) last released its quarterly earnings results on Monday, August 8th. The company reported $0.32 EPS for the quarter, beating the consensus estimate of $0.31 by $0.01. CarGurus had a negative net margin of 0.90% and a positive return on equity of 20.37%. The business had revenue of $511.20 million for the quarter, compared to analysts' expectations of $507.31 million. During the same period in the prior year, the firm earned $0.29 earnings per share. CarGurus's revenue was up 134.7% compared to the same quarter last year. As a group, analysts anticipate that CarGurus will post 0.41 earnings per share for the current year.

Insider Activity

In other news, COO Samuel Zales sold 17,707 shares of the stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $25.02, for a total transaction of $443,029.14. Following the sale, the chief operating officer now directly owns 392,587 shares of the company's stock, valued at $9,822,526.74. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 14.80% of the stock is owned by insiders.

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CARG Stock News Headlines

CarGurus (NASDAQ:CARG) Price Target Cut to $38.00
CarGurus (NASDAQ:CARG) PT Lowered to $38.00
Recap: CarGurus Q2 Earnings
CarGurus, Inc. (CARG) Q2 2022 Earnings Call Transcript
See More Headlines
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CARG Company Calendar

Last Earnings
8/08/2022
Today
8/18/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

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
$35.00
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+75.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$-150,000.00
Pretax Margin
8.96%

Debt

Sales & Book Value

Annual Sales
$951.37 million
Cash Flow
$1.45 per share
Book Value
$3.89 per share

Miscellaneous

Free Float
101,122,000
Market Cap
$2.37 billion
Optionable
Optionable
Beta
1.56














CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 9 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 2022?

12 Wall Street research analysts have issued twelve-month target prices for CarGurus' stock. Their CARG share price forecasts range from $27.00 to $45.00. On average, they anticipate the company's stock price to reach $35.00 in the next year. This suggests a possible upside of 74.3% 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 beginning of 2022. Since then, CARG shares have decreased by 40.3% and is now trading at $20.08.
View the best growth stocks for 2022 here
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings data on Monday, August, 8th. The company reported $0.32 earnings per share for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The business earned $511.20 million during the quarter, compared to analysts' expectations of $507.31 million. CarGurus had a negative net margin of 0.90% and a positive trailing twelve-month return on equity of 20.37%. The business's revenue for the quarter was up 134.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.29 EPS.

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

CarGurus issued an update on its third quarter 2022 earnings guidance on Monday, August, 15th. The company provided EPS guidance of $0.25-$0.28 for the period, compared to the consensus estimate of $0.33. The company issued revenue guidance of $460.00 million-$490.00 million, compared to the consensus revenue estimate of $554.61 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 number of institutional and retail investors. Top institutional shareholders include Contour Asset Management LLC (2.80%), Anchor Capital Advisors LLC (1.80%), State Street Corp (1.66%), FMR LLC (1.25%), Provident Investment Management Inc. (1.25%) and Loomis Sayles & Co. L P (0.92%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, Ian G Smith, 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 $20.08.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $2.38 billion and generates $951.37 million in revenue each year. The company earns $-150,000.00 in net income (profit) each year or ($1.06) 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 8/18/2022 by MarketBeat.com Staff

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