CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings. The company was founded in 2005 and is headquartered in Cambridge, Massachusetts..
Industry, Sector and Symbol
Stock Exchange NASDAQ
Industry Data processing & preparation
Sub-IndustryN/A
SectorAuto/Tires/Trucks
Current SymbolNASDAQ:CARG
Previous Symbol
CUSIPN/A
Phone617-354-0068
Debt
Debt-to-Equity RatioN/A
Current Ratio3.17
Quick Ratio3.17
Price-To-Earnings
Trailing P/E Ratio290.71
Forward P/E Ratio267.38
P/E Growth55.43
Sales & Book Value
Annual Sales$316.86 million
Price / Sales12.08
Cash Flow$0.1545 per share
Price / Cash Flow225.04
Book Value$1.20 per share
Price / Book28.97
Profitability
EPS (Most Recent Fiscal Year)$0.12
Net Income$13.19 million
Net Margins11.78%
Return on Equity9.82%
Return on Assets7.17%
Miscellaneous
Employees549
Outstanding Shares110,080,000
Market Cap$3.97 billion
OptionableOptionable
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) posted its earnings results on Wednesday, November, 7th. The company reported $0.08 EPS for the quarter, beating the Zacks' consensus estimate of $0.05 by $0.03. The company had revenue of $119.04 million for the quarter, compared to analysts' expectations of $112.70 million. CarGurus had a net margin of 11.78% and a return on equity of 9.82%. CarGurus's revenue for the quarter was up 43.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.02 earnings per share. View CarGurus' Earnings History.
When is CarGurus' next earnings date?
What guidance has CarGurus issued on next quarter's earnings?
CarGurus issued an update on its fourth quarter earnings guidance on Wednesday, November, 7th. The company provided earnings per share guidance of $0.06-0.07 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.06. The company issued revenue guidance of $121-122 million, compared to the consensus revenue estimate of $116.79 million.
What price target have analysts set for CARG?
7 brokers have issued 12 month target prices for CarGurus' stock. Their forecasts range from $45.00 to $59.00. On average, they anticipate CarGurus' stock price to reach $51.2857 in the next year. This suggests a possible upside of 47.5% from the stock's current price. View Analyst Price Targets for CarGurus.
What is the consensus analysts' recommendation for CarGurus?
7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 7 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. " (11/14/2018)
- 2. Benchmark Co. analysts commented, "We note that our broadcast universe is likely to report automotive ad spend down low-mid-single digits in 1Q, with some seeing deterioration towards down mid-single digits in 2Q. While this historically might be viewed as a positive for the digital space, we continue to hear that uncertainty from the top of the funnel (tier 1/OEM) is filtering all the way down to the local (tier 3) level, with digital the easiest channel to reduce and reinstate as needed. Furthermore, we suspect shares may be facing incremental pressure following 2 broad-based Google (GOOG:Not Rated) algorithm changes in the past month, with our search checks indicating that, while early, at least the April update appeared to be slightly more than routine. We have yet to see any impact on CarGurus’ search rankings but expect the bears will continue to pound the drum on currently unfounded suspicions." (4/30/2018)
Has CarGurus been receiving favorable news coverage?
News coverage about CARG stock has been trending somewhat negative recently, according to InfoTrie Sentiment Analysis. The research firm scores the sentiment of press coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CarGurus earned a media sentiment score of -1.1 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 8.0 out of 10, indicating that recent press coverage is very likely to have an impact on the stock's share price in the next several days.
Who are some of CarGurus' key competitors?
Some companies that are related to CarGurus include Autohome (ATHM), RingCentral (RNG), Zendesk (ZEN), StoneCo (STNE), Proofpoint (PFPT), Bilibili (BILI), YY (YY), Pegasystems (PEGA), Zynga (ZNGA), Corelogic (CLGX), PagSeguro Digital (PAGS), Five9 (FIVN), Smartsheet (SMAR), Trivago (TRVG) and Globant (GLOB).
Who are CarGurus' key executives?
CarGurus' management team includes the folowing people:
- Mr. E. Langley Steinert, Founder, Chairman, CEO & Pres (Age 54)
- Mr. Jason M. Trevisan, CFO & Treasurer (Age 43)
- Mr. Samuel Zales, Chief Operating Officer (Age 54)
- Ms. Kathleen Bender Patton, Sr. VP, Gen. Counsel & Sec. (Age 51)
- Mr. Thomas Caputo, Sr. VP of Product (Age 44)
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.
Who are CarGurus' major shareholders?
CarGurus' stock is owned by many different of institutional and retail investors. Top institutional shareholders include FMR LLC (10.07%), Spinnaker Capital LLC (8.31%), The Manufacturers Life Insurance Company (6.60%), Vanguard Group Inc. (4.10%), Vanguard Group Inc (4.10%) and Hound Partners LLC (3.13%). 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 institutional investors are selling CarGurus stock?
CARG stock was sold by a variety of institutional investors in the last quarter, including Spinnaker Capital LLC, Marshall Wace North America L.P., Allen Operations LLC, The Manufacturers Life Insurance Company, Bollard Group LLC, BBT Capital Management LLC, GSA Capital Partners LLP and Roundview Capital LLC. 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 institutional investors are buying CarGurus stock?
CARG stock was purchased by a variety of institutional investors in the last quarter, including Hound Partners LLC, FMR LLC, Vanguard Group Inc, Vanguard Group Inc., Renaissance Technologies LLC, BlackRock Inc., Marshall Wace LLP and Franklin Resources Inc.. 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 $34.76.
How big of a company is CarGurus?
CarGurus has a market capitalization of $3.97 billion and generates $316.86 million in revenue each year. The company earns $13.19 million in net income (profit) each year or $0.12 on an earnings per share basis. CarGurus employs 549 workers across the globe.
What is CarGurus' official website?
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)
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.
