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BABA   110.78 (+0.53%)
AMD   81.85 (+8.92%)
T   20.23 (-0.69%)
MU   61.64 (+2.22%)
F   13.64 (+0.96%)
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NASDAQ:CARG

CarGurus - CARG Stock Forecast, Price & News

$17.19
-0.46 (-2.61%)
(As of 02/1/2023 01:13 PM ET)
Add
Compare
Today's Range
$17.01
$17.84
50-Day Range
$11.93
$17.65
52-Week Range
$9.14
$50.03
Volume
399,283 shs
Average Volume
1.29 million shs
Market Capitalization
$2.04 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$22.79

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
32.8% Upside
$22.79 Price Target
Short Interest
Bearish
9.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.57mentions of CarGurus in the last 14 days
Based on 7 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-36.36%
From $0.44 to $0.28 Per Share

Overall MarketRank

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

2.08 out of 5 stars

Auto/Tires/Trucks Sector

44th out of 99 stocks

Data Processing & Preparation Industry

31st out of 72 stocks


CARG stock logo

About CarGurus (NASDAQ:CARG) Stock

Cargurus, Inc. engages in the provision of online auto shopping. The firm offers proprietary technology, search algorithms and data analytics to analyze new and used car listings. It operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services and other revenues from customers outside of the United States. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

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CARG Stock News Headlines

Top AI Tech Stock To Watch
Today's stock market news features a Robotics stock with blue sky potential.
What Is the Cheapest Lotus?
Brokerages Set CarGurus, Inc. (NASDAQ:CARG) Price Target at $22.79
Cash Holders STILL Aren't Taking Steps to Prepare
Stocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.
Short Interest in CarGurus, Inc. (NASDAQ:CARG) Grows By 10.3%
CarGurus, Inc. (NASDAQ:CARG) Short Interest Up 10.3% in December
Needham Reaffirms Their Buy Rating on CarGurus (CARG)
Carvana Stock Rebounds; CarGurus Shares Jump
CarGurus Announces $250 Million Share Repurchase Program
Are Investors Undervaluing CarGurus (CARG) Right Now?
See More Headlines
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CARG Company Calendar

Last Earnings
11/08/2022
Today
2/01/2023
Next Earnings (Confirmed)
2/28/2023
Fiscal Year End
12/31/2023

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
$22.79
High Stock Price Forecast
$43.00
Low Stock Price Forecast
$11.50
Forecasted Upside/Downside
+32.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
12 Analysts

Profitability

Net Income
$-150,000.00
Pretax Margin
7.22%

Debt

Sales & Book Value

Annual Sales
$951.37 million
Cash Flow
$1.51 per share
Book Value
$4.39 per share

Miscellaneous

Free Float
101,333,000
Market Cap
$2.04 billion
Optionable
Optionable
Beta
1.52

Key Executives

  • Jason Trevisan
    Chief Executive Officer & Director
  • Samuel ZalesSamuel Zales
    President & Chief Operating Officer
  • Scot Fredo
    Chief Financial Officer & Treasurer
  • Matt Quinn
    Chief Technology Officer
  • Tom Caputo
    Chief Product Officer













CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 4 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?

12 equities research analysts have issued 1-year price targets for CarGurus' shares. Their CARG share price forecasts range from $11.50 to $43.00. On average, they expect the company's stock price to reach $22.79 in the next year. This suggests a possible upside of 29.1% 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 2023?

CarGurus' stock was trading at $14.01 at the beginning of 2023. Since then, CARG stock has increased by 26.0% and is now trading at $17.65.
View the best growth stocks for 2023 here
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
View our CARG earnings forecast
.

How can I listen to CarGurus' earnings call?

CarGurus will be holding an earnings conference call on Tuesday, February 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13734788".

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) released its earnings results on Tuesday, November, 8th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.23. The company had revenue of $426.45 million for the quarter, compared to analysts' expectations 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 2022 earnings guidance on Thursday, December, 8th. The company provided EPS guidance of $0.13-$0.16 for the period, compared to the consensus EPS estimate of $0.29. The company issued revenue guidance of $270.00 million-$300.00 million, compared to the consensus revenue estimate of $468.42 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 many different institutional and retail investors. Top institutional investors include Fort Washington Investment Advisors Inc. OH (0.76%), National Bank of Canada FI (0.06%), Strs Ohio (0.03%), Exchange Traded Concepts LLC (0.02%), Exchange Traded Concepts LLC (0.02%) and Ironwood Investment Management LLC (0.01%). 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 $17.65.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $2.10 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 2/1/2023 by MarketBeat.com Staff