NASDAQ:CARG

CarGurus Stock Forecast, Price & News

$31.90

-1.37 (-4.12 %)

(As of 01/15/2021 12:00 AM ET)

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Today's Range

$31.82

Now: $31.90▼

$33.66

50-Day Range

$24.14

MA: $30.27▼

$34.09

52-Week Range

$14.25

Now: $31.90▼

$38.53

Volume632,377 shs

Average Volume876,529 shs

Market Capitalization$3.61 billion

P/E Ratio55.00

Dividend YieldN/A

Beta1.99

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.

MarketRank^™

Overall MarketRank^™

1.46 out of 5 stars

Auto/Tires/Trucks Sector

38th out of 128 stocks

Data Processing & Preparation Industry

22nd out of 79 stocks

1.3 Analyst's Opinion

Consensus Rating
CarGurus has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 6 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $30.70, CarGurus has a forecasted downside of 3.8% from its current price of $31.90.
Amount of Analyst Coverage
CarGurus has only been the subject of 3 research reports in the past 90 days.

2.5 Community Rank

Outperform Votes
CarGurus has received 453 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CarGurus has received 457 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CarGurus has received 50.22% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
CarGurus does not currently pay a dividend.
Dividend Growth
CarGurus does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CarGurus insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,874,035.00 in company stock.
Percentage Held by Insiders
Only 24.43% of the stock of CarGurus is held by insiders.
Percentage Held by Institutions
79.44% of the stock of CarGurus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for CarGurus are expected to grow by 9.23% in the coming year, from $0.65 to $0.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CarGurus is 55.00, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.15.
Price to Earnings Ratio vs. Sector
The P/E ratio of CarGurus is 55.00, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 62.95.
Price to Earnings Growth Ratio
CarGurus has a PEG Ratio of 1.69. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CarGurus has a P/B Ratio of 13.93. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Data processing & preparation

Sub-IndustryN/A

SectorAuto/Tires/Trucks

Current SymbolNASDAQ:CARG

Previous Symbol

CUSIPN/A

CIK1494259

Webwww.cargurus.com

Phone617-354-0068

Employees921

Debt

Debt-to-Equity RatioN/A

Current Ratio5.04

Quick Ratio5.04

Price-To-Earnings

Trailing P/E Ratio55.00

Forward P/E Ratio49.08

P/E Growth1.69

Sales & Book Value

Annual Sales$588.92 million

Price / Sales6.13

Cash Flow$0.52 per share

Price / Cash Flow61.45

Book Value$2.29 per share

Price / Book13.93

Profitability

EPS (Most Recent Fiscal Year)$0.38

Net Income$42.15 million

Net Margins11.75%

Return on Equity24.71%

Return on Assets17.32%

Miscellaneous

Outstanding Shares113,240,000

Market Cap$3.61 billion

Next Earnings Date2/11/2021 (Estimated)

OptionableOptionable

$31.90

-1.37 (-4.12 %)

(As of 01/15/2021 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 price been impacted by Coronavirus (COVID-19)?

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 54.9% and is now trading at $31.90.
View which stocks have been most impacted by COVID-19.

Is CarGurus a buy right now?

11 Wall Street research 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. The consensus among Wall Street research analysts is that investors should "buy" CarGurus stock.
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 past winning trading ideas 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 results on Thursday, November, 5th. The company reported $0.37 EPS for the quarter, topping the Zacks' consensus estimate of $0.22 by $0.15. The company had revenue of $147.50 million for the quarter, compared to the consensus estimate of $135.93 million. CarGurus had a return on equity of 24.71% and a net margin of 11.75%. The company's revenue for the quarter was down 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.14 EPS.
View CarGurus' earnings history.

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

CarGurus updated its fourth quarter earnings guidance on Thursday, November, 5th. The company provided earnings per share guidance of $0.26-0.28 for the period, compared to the Thomson Reuters consensus earnings per share 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 brokers have issued 12 month target prices for CarGurus' shares. Their forecasts range from $25.00 to $35.00. On average, they expect CarGurus' share price to reach $30.70 in the next year. This suggests that the stock has a possible downside of 3.8%.
View analysts' price targets for CarGurus or view Wall Street analyst' top-rated stocks.

Who are some of CarGurus' key competitors?

Some companies that are related to CarGurus include Autohome (ATHM), Five9 (FIVN), Pegasystems (PEGA), Zynga (ZNGA), Globant (GLOB), Proofpoint (PFPT), Change Healthcare (CHNG), JOYY (YY), DXC Technology (DXC), CoreLogic (CLGX), LiveRamp (RAMP), Upwork (UPWK), Perspecta (PRSP), Inovalon (INOV) and 8X8 (EGHT).
View all of CARG's 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 57, Pay $57.33k)
Mr. Samuel Zales, COO & Pres (Age 57, Pay $638.33k)
Mr. Jason M. Trevisan, CFO, Pres of International & Treasurer (Age 46, Pay $645.66k)
Mr. Kyle Lomeli, Chief Technology Officer (Age 42, Pay $475.22k)
Ms. Sarah Welch, Chief Marketing Officer (Age 49, Pay $525.29k)
Mr. Rodney Nelson, Director of Investor Relations
Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 54)
Ms. Carol Chen, VP of Sales Operations
Ms. Kristen Kenny, VP of People & Talent
Ms. Andrea Lee Eldridge, Chief People Officer (Age 46)

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 $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 shareholders include Investment House LLC (0.03%). 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 buying CarGurus stock?

CARG stock was bought by a variety of institutional investors in the last quarter, including Investment House LLC.
View insider buying and selling activity for CarGurus or or view top insider-buying stocks.

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 WeBull, 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 $31.90.

How big of a company is CarGurus?

CarGurus has a market capitalization of $3.61 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 1/16/2021 by MarketBeat.com Staff

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