CarGurus Stock Forecast, Price & News

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

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.

CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for CarGurus.

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings results on Thursday, May, 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.10. The business had revenue of $174.10 million for 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 firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share.
View CarGurus' earnings history.

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 19.0% and is now trading at $24.51.
View which stocks have been most impacted by COVID-19.

CarGurus issued an update on its second quarter 2021 earnings guidance on Thursday, May, 27th. The company provided earnings per share (EPS) 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.

9 brokerages have issued twelve-month price objectives for CarGurus' stock. Their forecasts range from $27.00 to $40.00. On average, they expect CarGurus' stock price to reach $34.25 in the next year. This suggests a possible upside of 39.7% from the stock's current price.
View analysts' price targets for CarGurus or view top-rated stocks among Wall Street analysts.

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

Some companies that are related to CarGurus include Zynga (ZNGA), Pegasystems (PEGA), Proofpoint (PFPT), Playtika (PLTK), DXC Technology (DXC), Globant (GLOB), TELUS International (Cda) (TIXT), Autohome (ATHM), Skillz (SKLZ), Change Healthcare (CHNG), Upwork (UPWK), CoreLogic (CLGX), JOYY (YY), Inovalon (INOV) and Shutterstock (SSTK).
View all of CARG's competitors.

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).

(CARG) raised $132 million in an initial public offering 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 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 institutional and retail investors. Top institutional shareholders include Dragoneer Investment Group LLC (7.93%), The Manufacturers Life Insurance Company (6.55%), BlackRock Inc. (5.66%), Morgan Stanley (3.98%), Contour Asset Management LLC (2.58%) and Atreides Management LP (2.28%). Company insiders that own CarGurus stock include Anastasios Parafestas, Andrea Lee Eldridge, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Samuel Zales, Sarah Amory Welch 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 Arrowstreet Capital Limited Partnership, Alliancebernstein L.P., Healthcare of Ontario Pension Plan Trust Fund, Acadian Asset Management LLC, Hound Partners LLC, Goldman Sachs Group Inc., Man Group plc, and Stifel Financial Corp. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Andrea Lee Eldridge, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Samuel Zales, Sarah Amory Welch, and Thomas Michael Caputo.
View insider buying and selling activity for CarGurus or view top insider-selling stocks.

CARG stock was purchased by a variety of institutional investors in the last quarter, including Atreides Management LP, Eaton Vance Management, Dragoneer Investment Group LLC, Federated Hermes Inc., Glenmede Trust Co. NA, Islet Management LP, Point72 Asset Management L.P., and Renaissance Technologies LLC.
View insider buying and selling activity for CarGurus or or view top insider-buying stocks.

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.

One share of CARG stock can currently be purchased for approximately $24.51.

CarGurus has a market capitalization of $2.87 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.

CarGurus employs 827 workers across the globe.

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

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

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]