About CarGurus (NASDAQ:CARG)
CarGurus, Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company's marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers. In addition to the United States, the Company operates online marketplaces in Canada, the United Kingdom, and Germany. The Company's products include Consumer Marketplace, Dealer Marketplace, Dealer Dashboard, Dealer Advertising and Customer Acquisition Products, Auto Manufacturer and Other Advertiser Products.
Industry, Sector and Symbol
Trailing P/E RatioN/A
Forward P/E RatioN/A
Sales & Book Value
Annual Sales$316.86 million
Price / Sales11.91
Cash Flow$0.16 per share
Price / Cash215.85
Book Value$1.20 per share
Price / Book29.63
Return on EquityN/A
Return on AssetsN/A
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 quarterly earnings data on Thursday, March, 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.01 by $0.01. The firm had revenue of $87.71 million for the quarter, compared to analysts' expectations of $86.22 million. CarGurus's revenue was up 197.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. View CarGurus' Earnings History.
What guidance has CarGurus issued on next quarter's earnings?
CarGurus updated its FY18 earnings guidance on Thursday, March, 1st. The company provided EPS guidance of $0.14-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $396-400 million, compared to the consensus revenue estimate of $383.42 million.CarGurus also updated its Q1 guidance to $0.01-0.02 EPS.
Where is CarGurus' stock going? Where will CarGurus' stock price be in 2018?
5 equities research analysts have issued 12 month price objectives for CarGurus' shares. Their predictions range from $25.00 to $34.00. On average, they anticipate CarGurus' stock price to reach $29.50 in the next year. View Analyst Ratings for CarGurus.
Who are some of CarGurus' key competitors?
Some companies that are related to CarGurus include Harley-Davidson (HOG), Goodyear Tire & Rubber (GT), Gentex (GNTX), Oshkosh (OSK), Adient (ADNT), Allison Transmission (ALSN), Dana (DAN), Navistar International (NAV), Tenneco (TEN), LCI Industries (LCII), Schaeffler (SCFLF), Dorman Products (DORM), Cooper-Standard Automotive (CPS), Meritor (MTOR), American Axle & Manufact. (AXL), Cooper Tire & Rubber (CTB), Fox Factory (FOXF) and SPX (SPXC).
Who are CarGurus' key executives?
CarGurus' management team includes the folowing people:
- Langley Steinert, Chief Executive Officer, Founder
- Jason Trevisan, Chief Financial Officer
- Sam Zales, Chief Operating Officer
- Marty Blue, Senior Vice President - Business Development
- Tom Caputo, Senior Vice President - Products
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.
When does CarGurus' lock-up period expire?
CarGurus' lock-up period expires on Tuesday, April 10th. CarGurus had issued 9,400,000 shares in its public offering on October 12th. The total size of the offering was $150,400,000 based on an initial share price of $16.00. After the expiration of CarGurus' lock-up period, major shareholders and company insiders will be able to sell their shares of the company.
Has CarGurus been receiving favorable news coverage?
News coverage about CARG stock has been trending somewhat positive this week, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. CarGurus earned a media sentiment score of 0.21 on Accern's scale. They also assigned media stories about the company an impact score of 46.46 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock's share price in the next few days.
Who are CarGurus' major shareholders?
CarGurus' stock is owned by a number of of retail and institutional investors. Top institutional investors include Spinnaker Capital LLC (12.92%), Bollard Group LLC (10.01%), The Manufacturers Life Insurance Company (3.15%), Abdiel Capital Advisors LP (0.24%), Clearbridge Investments LLC (0.21%) and Geode Capital Management LLC (0.17%). Company insiders that own CarGurus stock include Argonaut 22 Llc, David Lambert Parker, Langley Steinert and Oliver Ian Chrzan. 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 Spinnaker Capital LLC, Bollard Group LLC, The Manufacturers Life Insurance Company , Abdiel Capital Advisors LP, Clearbridge Investments LLC, Geode Capital Management LLC, ArrowMark Colorado Holdings LLC and HBK Investments L P. 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 $35.56.
How big of a company is CarGurus?
CarGurus has a market capitalization of $3.67 billion and generates $316.86 million in revenue each year. CarGurus employs 549 workers across the globe.
How can I contact CarGurus?
CarGurus' mailing address is 2 CANAL PARK 4TH FLOOR, 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 (CARG)MarketBeat's community ratings are surveys of what our community members think about CarGurus and other stocks. Vote "Outperform" if you believe the stock will outperform the S&P 500 over the long term. Vote "Underperform" if you believe the stock will underperform the S&P 500 over the long term. You may vote once every thirty days.
CarGurus (NASDAQ:CARG) Earnings History and Estimates Chart
CarGurus (NASDAQ CARG) Earnings History by Quarter
(Earnings results data provided by Zacks Investment Research)
|Date||Quarter||Consensus Estimate||Actual EPS||Revenue Estimate||Actual Revenue||Release Link||Conference Call||Details|
|3/1/2018||Q4 2017||$0.01||$0.02||$86.22 million||$87.71 million||View||N/A|
|11/14/2017||Q3 2017||$0.02||$79.23 million||$83.00 million||View||N/A|
CarGurus (NASDAQ:CARG) Earnings Estimates
2018 EPS Consensus Estimate: $0.15
(Earnings estimates data provided by Zacks Investment Research)
|Quarter||Number of Estimates||Low Estimate||High Estimate||Average Estimate|
Dividend History for CarGurus (NASDAQ:CARG)
No dividend announcements for this company have been tracked by MarketBeat.com
CarGurus (NASDAQ CARG) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 57.41%
CarGurus (NASDAQ CARG) Insider Trades by Quarter
(Data available from 1/1/2013 forward)
|Transaction Date||Insider Name||Title||Buy/Sell||Number of Shares||Average Share Price||Total Transaction||Shares Held After Transaction||Details|
|10/16/2017||Argonaut 22 Llc||Major Shareholder||Sell||1,523,000||$14.88||$22,662,240.00|| |
|10/16/2017||David Lambert Parker||Director||Sell||269,871||$14.88||$4,015,680.48|| |
|10/16/2017||Langley Steinert||CEO||Sell||3,390,524||$14.88||$50,450,997.12|| |
|10/16/2017||Oliver Ian Chrzan||VP||Sell||270,793||$14.88||$4,029,399.84|| |
CarGurus (NASDAQ CARG) News Headlines
|CarGurus Inc (CARG) Given Average Recommendation of "Hold" by Brokerages|
www.americanbankingnews.com - March 14 at 5:37 AM
|CarGurus Inc (CARG) Expected to Post Quarterly Sales of $93.94 Million|
www.americanbankingnews.com - March 9 at 2:20 AM
|CarGurus Gives Shoppers "Everything You Need To Know" in Newest Television Ads|
finance.yahoo.com - March 7 at 9:51 AM
|CarGurus (CARG) Cut to Sell at Zacks Investment Research|
www.americanbankingnews.com - March 6 at 7:00 PM
|CarGurus Inc (CARG) to Post Q2 2018 Earnings of $0.04 Per Share, William Blair Forecasts|
www.americanbankingnews.com - March 5 at 3:50 AM
|CarGurus (CARG) Downgraded to Hold at BidaskClub|
www.americanbankingnews.com - March 4 at 12:16 AM
|89,874 Shares in CarGurus Inc (CARG) Purchased by Next Century Growth Investors LLC|
www.americanbankingnews.com - March 3 at 3:54 PM
|Citadel Advisors LLC Takes Position in CarGurus Inc (CARG)|
www.americanbankingnews.com - March 3 at 5:21 AM
|Spark Investment Management LLC Invests $2.15 Million in CarGurus Inc (CARG)|
www.americanbankingnews.com - March 2 at 12:28 PM
|CarGurus (CARG) Releases Quarterly Earnings Results|
www.americanbankingnews.com - March 2 at 11:39 AM
|CarGurus posts 4Q profit|
finance.yahoo.com - March 2 at 9:35 AM
|CarGurus (CARG) Issues FY18 Earnings Guidance|
www.americanbankingnews.com - March 1 at 5:38 PM
|CarGurus (CARG) Updates Q1 Earnings Guidance|
www.americanbankingnews.com - March 1 at 5:18 PM
|CarGurus Announces Fourth Quarter 2017 and Full Year 2017 Financial Results|
finance.yahoo.com - March 1 at 4:37 PM
|Jackson Square Partners LLC Acquires New Stake in CarGurus Inc (CARG)|
www.americanbankingnews.com - March 1 at 12:48 PM
|CarGurus (CARG) Upgraded at BidaskClub|
www.americanbankingnews.com - February 25 at 6:03 PM
|Zacks: Brokerages Expect CarGurus Inc (CARG) Will Post Quarterly Sales of $86.09 Million|
www.americanbankingnews.com - February 21 at 11:00 AM
|CarGurus to Report Fourth Quarter and Full Year 2017 Financial Results|
finance.yahoo.com - February 20 at 9:16 AM
|CarGurus Inc (CARG) Expected to Post Earnings of $0.01 Per Share|
www.americanbankingnews.com - February 19 at 3:18 AM
|CarGurus Inc (CARG) Given Average Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - February 17 at 5:30 AM
|CarGurus to Present at Goldman Sachs Technology & Internet Conference|
finance.yahoo.com - February 9 at 9:02 AM
|CarGurus Receives Two "Highest Rated" DrivingSales Dealer Satisfaction Awards|
finance.yahoo.com - February 8 at 4:33 PM
|CarGurus Hires Wendy Harris as Vice President of European Sales|
finance.yahoo.com - February 7 at 9:02 AM
|$0.01 Earnings Per Share Expected for CarGurus Inc (CARG) This Quarter|
www.americanbankingnews.com - February 2 at 3:12 AM
|CarGurus (CARG) Lifted to Hold at BidaskClub|
www.americanbankingnews.com - January 27 at 3:58 PM
|Head-To-Head Comparison: CarGurus (CARG) & Tucows (TCX)|
www.americanbankingnews.com - January 25 at 5:16 PM
|CarGurus Inc (CARG) Given Average Rating of "Hold" by Analysts|
www.americanbankingnews.com - January 23 at 5:06 AM
|CarGurus (CARG) and Cars.com (CARS) Head-To-Head Analysis|
www.americanbankingnews.com - January 22 at 7:24 PM
|Zacks: Analysts Anticipate CarGurus Inc (CARG) Will Post Quarterly Sales of $86.09 Million|
www.americanbankingnews.com - January 18 at 10:40 AM
|CarGurus (CARG) Lowered to Hold at Zacks Investment Research|
www.americanbankingnews.com - January 15 at 8:56 PM
|Yelp (YELP) and CarGurus (CARG) Critical Survey|
www.americanbankingnews.com - January 10 at 3:08 AM
|Zacks Investment Research Lowers CarGurus (CARG) to Hold|
www.americanbankingnews.com - January 9 at 8:12 PM
|CarGurus to Present at 20th Annual Needham Growth Conference|
finance.yahoo.com - January 9 at 8:51 AM
|CarGurus (CARG) Rating Increased to Buy at Zacks Investment Research|
www.americanbankingnews.com - January 8 at 7:52 PM
|CarGurus (CARG) Downgraded to "Sell" at BidaskClub|
www.americanbankingnews.com - December 29 at 11:56 AM
|CarGurus Inc (CARG) Receives Average Rating of "Hold" from Brokerages|
www.americanbankingnews.com - December 29 at 8:32 AM
|Cargurus, Inc. – Value Analysis (NASDAQ:CARG) : December 26, 2017|
finance.yahoo.com - December 28 at 5:20 PM
|Zacks: CarGurus Inc (CARG) Given Consensus Recommendation of "Hold" by Analysts|
www.americanbankingnews.com - December 28 at 1:38 AM
|CarGurus (CARG) & Its Peers Head-To-Head Review|
www.americanbankingnews.com - December 25 at 5:30 PM
|Cargurus, Inc. breached its 50 day moving average in a Bullish Manner : CARG-US : December 25, 2017|
finance.yahoo.com - December 25 at 7:40 AM
|Here are the most valuable tech startups in Massachusetts|
www.bizjournals.com - December 24 at 8:28 AM
|Critical Analysis: CarGurus (CARG) & Its Peers|
www.americanbankingnews.com - December 24 at 5:15 AM
|CarGurus, Inc. (CARG) Short Interest Up 79.9% in November|
www.americanbankingnews.com - December 14 at 3:10 AM
| CarGurus, Inc. (CARG) Given Average Rating of "Hold" by Brokerages|
www.americanbankingnews.com - December 13 at 7:54 AM
|Head-To-Head Comparison: Shutterstock (SSTK) vs. CarGurus (CARG)|
www.americanbankingnews.com - December 9 at 1:18 PM
|CarGurus, Inc. (CARG)|
finance.yahoo.com - December 5 at 5:54 PM
|Comparing CarGurus (CARG) & Angie's List (ANGI)|
www.americanbankingnews.com - December 4 at 11:52 AM
|CarGurus, Inc. (CARG) Sees Significant Growth in Short Interest|
www.americanbankingnews.com - November 29 at 2:08 AM
|CarGurus (CARG) vs. Its Peers Head-To-Head Analysis|
www.americanbankingnews.com - November 27 at 3:18 AM
|Zacks: CarGurus, Inc. (CARG) Given $34.00 Average Target Price by Analysts|
www.americanbankingnews.com - November 26 at 9:34 AM
CarGurus (NASDAQ:CARG) SEC Filings
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CarGurus (NASDAQ:CARG) Income Statement, Balance Sheet and Cash Flow Statement
CarGurus (NASDAQ CARG) Stock Chart for Wednesday, March, 21, 2018