NASDAQ:CARGCarGurus Stock Price, Forecast & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization (WHO). Since then, CARG shares have increased by 35.8% and is now trading at $27.97.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 5 hold ratings and 5 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 Tuesday, November 3rd 2020.
View our earnings forecast for CarGurus.

CarGurus Inc (NASDAQ:CARG) issued its quarterly earnings data on Thursday, August, 6th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.18. The firm earned $94.70 million during the quarter, compared to the consensus estimate of $86.55 million. CarGurus had a return on equity of 18.56% and a net margin of 7.73%. CarGurus's revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share.
View CarGurus' earnings history.

CarGurus updated its FY20 earnings guidance on Thursday, August, 6th. The company provided EPS guidance of $0.66-0.69 for the period, compared to the Thomson Reuters consensus estimate of $0.44. The company issued revenue guidance of $518-524 million, compared to the consensus revenue estimate of $517.43 million.

10 brokers have issued twelve-month price objectives for CarGurus' stock. Their forecasts range from $23.00 to $35.00. On average, they anticipate CarGurus' stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
View analysts' price targets for CarGurus.

Media stories about CARG stock have trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. CarGurus earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
View the latest news about CarGurus.

CarGurus saw a decline in short interest in January. As of January 31st, there was short interest totaling 8,670,000 shares, a decline of 24.4% from the January 15th total of 11,470,000 shares. Based on an average daily volume of 901,900 shares, the days-to-cover ratio is currently 9.6 days. Currently, 10.7% of the company's shares are sold short.
View CarGurus' Short Interest.

Some companies that are related to CarGurus include Clarivate Analytics (CCC), Autohome (ATHM), Zendesk (ZEN), Pegasystems (PEGA), Zynga (ZNGA), Five9 (FIVN), Globant (GLOB), YY (YY), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), Inovalon (INOV), LiveRamp (RAMP) and Evertec (EVTC).
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Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Micron Technology (MU), Roku (ROKU), Twilio (TWLO), salesforce.com (CRM), Netflix (NFLX), Tesla (TSLA), Shopify (SHOP), Bank of America (BAC), Trade Desk (TTD) and AMC Entertainment (AMC).

(CARG) raised $132 million in an IPO 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.

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

CarGurus' stock is owned by a variety of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (6.87%), FMR LLC (3.06%), StackLine Partners LP (0.86%), Goldman Sachs Group Inc. (0.61%), Bank of America Corp DE (0.49%) and Par Capital Management Inc. (0.36%). 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 Healthcare of Ontario Pension Plan Trust Fund, Telemark Asset Management LLC, Gluskin Sheff & Assoc Inc., PDT Partners LLC, Fort Washington Investment Advisors Inc. OH, Holocene Advisors LP, Blair William & Co. IL, and Aigen Investment Management LP. 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 acquired by a variety of institutional investors in the last quarter, including FMR LLC, StackLine Partners LP, Vanguard Group Inc., Goldman Sachs Group Inc., Par Capital Management Inc., Nordea Investment Management AB, Brookfield Asset Management Inc., and Tudor Investment Corp Et Al.
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 $27.97.

CarGurus has a market capitalization of $3.15 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.

The official website for CarGurus is 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]