NASDAQ:CARG

CarGurus Stock Forecast, Price & News

$29.24
+0.62 (+2.17 %)
(As of 07/29/2021 12:00 AM ET)
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Today's Range
$28.53
$29.46
50-Day Range
$24.19
$29.24
52-Week Range
$19.24
$36.54
Volume554,295 shs
Average Volume1.20 million shs
Market Capitalization$3.42 billion
P/E Ratio38.47
Dividend YieldN/A
Beta1.9
30 days | 90 days | 365 days | Advanced Chart
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CarGurus logo

About CarGurus

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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MarketRank

Overall MarketRank

2.00 out of 5 stars

Auto/Tires/Trucks Sector

43rd out of 181 stocks

Data Processing & Preparation Industry

19th out of 113 stocks

Analyst Opinion: 2.3Community Rank: 3.3Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -
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CarGurus (NASDAQ:CARG) Frequently Asked Questions

Is CarGurus a buy right now?

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CarGurus stock.
View analyst ratings for CarGurus
or view top-rated stocks.

What stocks does MarketBeat like better than CarGurus?

Wall Street analysts have given CarGurus a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CarGurus wasn't one of them. MarketBeat thinks these five companies 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, August 5th 2021.
View our earnings forecast for CarGurus
.

How can I listen to CarGurus' earnings call?

CarGurus will be holding an earnings conference call on Thursday, August 5th 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 "10158384".

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) issued its quarterly earnings data on Thursday, May, 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. The business earned $174.10 million during the quarter, compared to analyst estimates of $159.17 million. CarGurus had a net margin of 15.43% and a trailing twelve-month return on equity of 26.11%. The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS.
View CarGurus' earnings history
.

How has CarGurus' stock been impacted by COVID-19?

CarGurus' stock was trading at $20.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CARG stock has increased by 41.9% and is now trading at $29.24.
View which stocks have been most impacted by COVID-19
.

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

CarGurus issued an update on its second quarter 2021 earnings guidance on Thursday, May, 27th. The company provided earnings per share guidance of 0.230-0.250 for the period, compared to the Thomson Reuters consensus estimate of $0.220. The company issued revenue guidance of $186 million-$192 million, compared to the consensus revenue estimate of $166.35 million.

What price target have analysts set for CARG?

8 equities research analysts have issued 1 year price targets for CarGurus' stock. Their forecasts range from $27.00 to $40.00. On average, they anticipate CarGurus' share price to reach $35.29 in the next year. This suggests a possible upside of 20.7% from the stock's current price.
View analysts' price targets for CarGurus
or view top-rated stocks among Wall Street analysts.

Who are CarGurus' key executives?

CarGurus' management team includes the following people:
  • Jason Trevisan, Chief Executive Officer & Director
  • Samuel Zales, President & Chief Operating Officer
  • Scot Fredo, Chief Financial Officer & Treasurer
  • Raghbir Banwait, SVP-Engineering
  • Kathleen B. Patton, Secretary, General Counsel & Senior Vice President

What is Langley Steinert's approval rating as CarGurus' CEO?

138 employees have rated CarGurus CEO Langley Steinert on Glassdoor.com. Langley Steinert has an approval rating of 80% among CarGurus' employees.

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), 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 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 acted 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 a number of retail and institutional investors. Top institutional investors include Avalon Investment & Advisory (0.15%), Usca Ria LLC (0.02%) and Raymond James Trust N.A. (0.02%). Company insiders that own CarGurus stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, Ian G Smith, Jason Trevisan, John G Connors, Kathleen Bender Patton, Langley Steinert, Larry M Hutchison, Peter Maag, Samuel Zales, Sarah Amory Welch, Scott T Mikuen and Thomas Michael Caputo.
View institutional ownership trends for CarGurus
.

Which institutional investors are buying CarGurus stock?

CARG stock was purchased by a variety of institutional investors in the last quarter, including Usca Ria LLC, Avalon Investment & Advisory, and Raymond James Trust N.A..
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.
Compare Top Brokerages Here.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $29.24.

How much money does CarGurus make?

CarGurus has a market capitalization of $3.42 billion and generates $551.45 million in revenue each year. The company earns $77.55 million in net income (profit) each year or $0.75 on an earnings per share basis.

How many employees does CarGurus have?

CarGurus employs 827 workers across the globe.

What is CarGurus' official website?

The official website for CarGurus is www.cargurus.com.

Where are CarGurus' headquarters?

CarGurus is headquartered at 2 Canal Park 4thFloor, Cambridge MA, 02141.

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 7/30/2021 by MarketBeat.com Staff
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