NASDAQ:CARG - CarGurus Stock Price, News & Analysis

$31.21
+0.12 (+0.39 %)
(As of 08/18/2019 04:00 PM ET)
Today's Range
$31.01
Now: $31.21
$31.60
50-Day Range
$30.97
MA: $35.48
$38.11
52-Week Range
$30.22
Now: $31.21
$57.25
Volume1.11 million shs
Average Volume932,039 shs
Market Capitalization$4.13 billion
P/E Ratio54.75
Dividend YieldN/A
Beta1.83
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$454.09 million
Cash Flow$0.6716 per share
Book Value$1.68 per share

Profitability

Net Income$65.17 million

Miscellaneous

Employees732
Market Cap$4.13 billion
Next Earnings Date11/6/2019 (Estimated)
OptionableOptionable

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CarGurus (NASDAQ:CARG) Frequently Asked Questions

What is CarGurus' stock symbol?

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

How were CarGurus' earnings last quarter?

CarGurus Inc (NASDAQ:CARG) announced its earnings results on Tuesday, August, 6th. The company reported $0.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.03. The business earned $145.03 million during the quarter, compared to analyst estimates of $140.67 million. CarGurus had a net margin of 8.22% and a return on equity of 17.12%. CarGurus's revenue for the quarter was up 31.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.06 earnings per share. View CarGurus' Earnings History.

When is CarGurus' next earnings date?

CarGurus is scheduled to release their next quarterly earnings announcement on Wednesday, November 6th 2019. View Earnings Estimates for CarGurus.

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

CarGurus issued an update on its FY19 earnings guidance on Tuesday, August, 6th. The company provided earnings per share (EPS) guidance of $0.42 to $0.45 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.42. The company issued revenue guidance of $576.5 million to $582.5 million, compared to the consensus revenue estimate of $577.81 million.

What price target have analysts set for CARG?

12 brokers have issued 1 year price targets for CarGurus' stock. Their predictions range from $42.00 to $59.00. On average, they anticipate CarGurus' stock price to reach $49.2727 in the next year. This suggests a possible upside of 57.9% from the stock's current price. View Analyst Price Targets for CarGurus.

What is the consensus analysts' recommendation for CarGurus?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 hold rating and 11 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CarGurus.

What are Wall Street analysts saying about CarGurus stock?

Here are some recent quotes from research analysts about CarGurus stock:
  • 1. According to Zacks Investment Research, "CarGurus, Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. The company uses proprietary technology, search algorithms and data analytics. It operates primarily in Canada, the United Kingdom and Germany. CarGurus, Inc.is based in CAMBRIDGE, United States. " (8/9/2019)
  • 2. SunTrust Banks, Inc. analysts commented, "We walked away incrementally more positive following the company’s Investor Day yesterday in Boston, where mgt shared valuable insights into key aspects of the business and answered questions from Analysts and Investors. We believe that CARG should continue to see strong growth trends over the next several years, benefiting from its differentiated/disruptive offering, sustainable competitive advantages and strong execution by mgt. We also find the company’s progress on monetizing Canada and UK encouraging, given the size of the Int’l opportunity and the favorable competitive landscape. A Leadership Team. Besides Langley Steinert (CEO, Founder), we also heard from key Zales, (President, COO), Jason Trevisan (CFO), Sarah Welch (CMO), Kyle Lomeli (CTO) and Tom Caputo (CPO)." (6/12/2019)
  • 3. Benchmark Co. analysts commented, "We do see AARSD trailing off in the back half of the year as comparisons become incrementally more difficult but that could be partially mitigated by increased product adoption as we suspect new launches are being well received dealers who already have adopted at least one product given their complementary nature. International was once again a bright spot and we maintain our forecast that revenue could reach 5% of the total in 2019." (5/10/2019)

Has CarGurus been receiving favorable news coverage?

News coverage about CARG stock has trended negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive press coverage by analyzing more than six thousand news and blog sources in real time. 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 news impact score of -2.3 on InfoTrie's scale. They also gave news articles about the company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an impact on the stock's share price in the near future. View News Stories for CarGurus.

Are investors shorting CarGurus?

CarGurus saw a increase in short interest in the month of July. As of July 15th, there was short interest totalling 10,778,800 shares, an increase of 13.9% from the June 15th total of 9,464,800 shares. Based on an average daily volume of 964,100 shares, the days-to-cover ratio is presently 11.2 days. Approximately 17.0% of the shares of the stock are short sold. View CarGurus' Current Options Chain.

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), Netflix (NFLX), Bank of America (BAC), Intelsat (I), NVIDIA (NVDA), Paypal (PYPL), First Data (FDC), Fossil Group (FOSL), Micron Technology (MU) and Roku (ROKU).

Who are CarGurus' key executives?

CarGurus' management team includes the folowing people:
  • Mr. E. Langley Steinert, Founder, Chairman & CEO (Age 55)
  • Mr. Samuel Zales, COO & Pres (Age 55)
  • Mr. Jason M. Trevisan, CFO & Treasurer (Age 44)
  • Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 52)
  • Mr. Thomas Caputo, Chief Product 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 served as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.04%), BlackRock Inc. (4.67%), Renaissance Technologies LLC (1.36%), HMI Capital LLC (1.13%), Wells Fargo & Company MN (0.80%) and Telemark Asset Management LLC (0.68%). Company insiders that own CarGurus stock include Anastasios Parafestas, Argonaut 22 Llc, David Lambert Parker, 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.

Which major investors are selling CarGurus stock?

CARG stock was sold by a variety of institutional investors in the last quarter, including Price T Rowe Associates Inc. MD, Eaton Vance Management, D. E. Shaw & Co. Inc., Renaissance Technologies LLC, Parametric Portfolio Associates LLC, Artemis Investment Management LLP, Strs Ohio and NumerixS Investment Technologies Inc. Company insiders that have sold CarGurus company stock in the last year 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 and Thomas Michael Caputo. View Insider Buying and Selling for CarGurus.

Which major investors are buying CarGurus stock?

CARG stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., HMI Capital LLC, Nuveen Asset Management LLC, Vanguard Group Inc., Wells Fargo & Company MN, Telemark Asset Management LLC, Swiss National Bank and Bank of New York Mellon Corp. View Insider Buying and Selling 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, Scottrade, Fidelity and Charles Schwab.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $31.21.

How big of a company is CarGurus?

CarGurus has a market capitalization of $4.13 billion and generates $454.09 million in revenue each year. The company earns $65.17 million in net income (profit) each year or $0.57 on an earnings per share basis. CarGurus employs 732 workers across the globe.View Additional Information About CarGurus.

What is CarGurus' official website?

The official website for CarGurus is http://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]


MarketBeat Community Rating for CarGurus (NASDAQ CARG)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  356 (Vote Outperform)
Underperform Votes:  367 (Vote Underperform)
Total Votes:  723
MarketBeat's community ratings are surveys of what our community members think about CarGurus and other stocks. Vote "Outperform" if you believe CARG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CARG will underperform the S&P 500 over the long term. You may vote once every thirty days.
This page was last updated on 8/18/2019 by MarketBeat.com Staff

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