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NASDAQ:CARG

CarGurus Stock Forecast, Price & News

$25.08
-0.04 (-0.16 %)
(As of 12/4/2020 12:00 AM ET)
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Today's Range
$24.69
Now: $25.09
$25.33
50-Day Range
$19.93
MA: $22.37
$25.13
52-Week Range
$14.25
Now: $25.09
$39.09
Volume1.06 million shs
Average Volume1.66 million shs
Market Capitalization$2.84 billion
P/E Ratio43.25
Dividend YieldN/A
Beta1.94
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. 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, the United Kingdom, Germany, Italy, and Spain; and the PistonHeads online marketplace as an independent brand in the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.
CarGurus logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.66 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
Current SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068
Employees921

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$588.92 million
Cash Flow$0.53 per share
Book Value$2.99 per share

Profitability

Net Income$42.15 million

Miscellaneous

Market Cap$2.84 billion
Next Earnings Date2/11/2021 (Estimated)
OptionableOptionable
$25.08
-0.04 (-0.16 %)
(As of 12/4/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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CarGurus (NASDAQ:CARG) Frequently Asked Questions

How has CarGurus' stock been impacted by Coronavirus?

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CARG shares have increased by 21.8% and is now trading at $25.0850.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of CarGurus?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 5 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for CarGurus
or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than CarGurus?

Wall Street analysts have given CarGurus a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CarGurus wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is CarGurus' next earnings date?

CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, February 11th 2021.
View our earnings forecast for CarGurus
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) issued its quarterly earnings data on Thursday, November, 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.15. The business had revenue of $147.50 million for the quarter, compared to analyst estimates of $135.93 million. CarGurus had a net margin of 11.75% and a return on equity of 24.71%. CarGurus's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share.
View CarGurus' earnings history
.

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

CarGurus issued an update on its fourth quarter earnings guidance on Thursday, November, 5th. The company provided earnings per share (EPS) guidance of $0.26-0.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.09. The company issued revenue guidance of $146.1-149.1 million, compared to the consensus revenue estimate of $138.48 million.

What price target have analysts set for CARG?

11 equities research analysts have issued 12 month target prices for CarGurus' shares. Their forecasts range from $25.00 to $35.00. On average, they anticipate CarGurus' stock price to reach $29.90 in the next year. This suggests a possible upside of 19.2% from the stock's current price.
View analysts' price targets for CarGurus
.

Are investors shorting CarGurus?

CarGurus saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 10,440,000 shares, a decline of 18.2% from the October 31st total of 12,760,000 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is presently 7.1 days. Currently, 12.9% of the shares of the company are short sold.
View CarGurus' Short Interest
.

Who are some of CarGurus' key competitors?

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).

Who are CarGurus' key executives?

CarGurus' management team includes the following people:
  • Mr. E. Langley Steinert, Founder, Chairman & CEO (Age 56, Pay $57.33k)
  • Mr. Samuel Zales, COO & Pres (Age 56, Pay $638.33k)
  • Mr. Jason M. Trevisan, CFO, Pres of International & Treasurer (Age 45, Pay $645.66k)
  • Mr. Kyle Lomeli, Chief Technology Officer (Age 41, Pay $475.22k)
  • Ms. Sarah Welch, Chief Marketing Officer (Age 48, Pay $525.29k)
  • Mr. Rodney Nelson, Director of Investor Relations
  • Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 53)
  • Ms. Carol Chen, VP of Sales Operations
  • Ms. Kristen Kenny, VP of People & Talent
  • Ms. Andrea Lee Eldridge, Chief People Officer (Age 45)

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 variety of institutional and retail investors. Top institutional shareholders include The Manufacturers Life Insurance Company (6.89%), BlackRock Inc. (6.55%), Dragoneer Investment Group LLC (5.57%), Durable Capital Partners LP (4.79%), HMI Capital LLC (4.55%) and Spinnaker Capital LLC (2.95%). Company insiders that own CarGurus stock include Anastasios Parafestas, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Oliver Ian Chrzan, Samuel Zales, Sarah Amory Welch and Thomas Michael Caputo.
View institutional ownership trends for CarGurus
.

Which major investors are selling CarGurus stock?

CARG stock was sold by a variety of institutional investors in the last quarter, including HMI Capital LLC, Durable Capital Partners LP, Morgan Stanley, The Manufacturers Life Insurance Company, Allen Investment Management LLC, CI Investments Inc., Arrowstreet Capital Limited Partnership, and Telemark Asset Management LLC. Company insiders that have sold CarGurus company stock in the last year include Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Samuel Zales, Sarah Amory Welch, and Thomas Michael Caputo.
View insider buying and selling activity for CarGurus
.

Which major investors are buying CarGurus stock?

CARG stock was acquired by a variety of institutional investors in the last quarter, including BlackRock Inc., Polar Asset Management Partners Inc., Dragoneer Investment Group LLC, Wishbone Management LP, Victory Capital Management Inc., SG Americas Securities LLC, Cubist Systematic Strategies LLC, and JPMorgan Chase & Co..
View insider buying and selling activity for CarGurus
.

How do I buy shares of 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.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $25.09.

How big of a company is CarGurus?

CarGurus has a market capitalization of $2.84 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 921 workers across the globe.

What is CarGurus' official website?

The official website for CarGurus is www.cargurus.com.

How can I contact CarGurus?

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]

This page was last updated on 12/5/2020 by MarketBeat.com Staff

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