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
Industry Data processing & preparation
Sub-IndustryN/A
SectorAuto/Tires/Trucks
Phone617-354-0068
Debt
Price-To-Earnings
Sales & Book Value
Annual Sales$454.09 million
Profitability
Miscellaneous
Employees732
Next Earnings Date5/2/2019 (Estimated)
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) announced its quarterly earnings data on Wednesday, November, 7th. The company reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.05 by $0.03. The company earned $119.04 million during the quarter, compared to analysts' expectations of $112.70 million. CarGurus had a net margin of 13.10% and a return on equity of 15.03%. The business's quarterly revenue was up 43.4% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. View CarGurus' Earnings History.
When is CarGurus' next earnings date?
What guidance has CarGurus issued on next quarter's earnings?
CarGurus updated its FY 2019 earnings guidance on Thursday, February, 28th. The company provided earnings per share (EPS) guidance of $0.35-0.40 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.37. The company issued revenue guidance of $554-566 million, compared to the consensus revenue estimate of $565.27 million.CarGurus also updated its Q1 2019 guidance to $0.06-0.07 EPS.
What price target have analysts set for CARG?
10 equities research analysts have issued 12-month target prices for CarGurus' shares. Their forecasts range from $42.00 to $59.00. On average, they expect CarGurus' share price to reach $49.80 in the next twelve months. This suggests a possible upside of 32.6% from the stock's current price. View Analyst Price Targets for CarGurus.
What is the consensus analysts' recommendation for CarGurus?
10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 10 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. " (3/20/2019)
- 2. Benchmark Co. analysts commented, "We still only see 3% US dealer growth in 2019 but now predict US AARSD will grow by 22% y/y, up 3% from our prior forecast." (3/1/2019)
Has CarGurus been receiving favorable news coverage?
Headlines about CARG stock have been trending neutral recently, according to InfoTrie. The research firm ranks the sentiment of media coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. CarGurus earned a news impact score of 0.5 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 2.0 out of 10, indicating that recent media coverage is very unlikely to have an effect on the stock's share price in the near term.
Who are some of CarGurus' key competitors?
Some companies that are related to CarGurus include StoneCo (STNE), Autohome (ATHM), Zendesk (ZEN), RingCentral (RNG), Proofpoint (PFPT), YY (YY), Pegasystems (PEGA), Zynga (ZNGA), Bilibili (BILI), PagSeguro Digital (PAGS), Five9 (FIVN), Corelogic (CLGX), Globant (GLOB), Yext (YEXT) and Upwork (UPWK).
What other stocks do shareholders of CarGurus own?
Who are CarGurus' key executives?
CarGurus' management team includes the folowing people:
- Mr. E. Langley Steinert, Founder, Chairman & CEO (Age 55)
- Mr. Samuel Zales, Pres & COO (Age 55)
- Mr. Jason M. Trevisan, CFO & Treasurer (Age 44)
- Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 52)
- Mr. Thomas Caputo, Chief Product Officer (Age 45)
When did CarGurus IPO?
(CARG) raised $132 million in an 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 a number of of institutional and retail investors. Top institutional investors include FMR LLC (9.84%), Spinnaker Capital LLC (7.56%), Hound Partners LLC (5.03%), BlackRock Inc. (3.44%), Bollard Group LLC (1.45%) and Allen Operations LLC (1.29%). 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, Allen Operations LLC, Telemark Asset Management LLC, FMR LLC, Bollard Group LLC, First Trust Advisors LP, Voloridge Investment Management LLC and Acadian Asset Management 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 bought by a variety of institutional investors in the last quarter, including Hound Partners LLC, BlackRock Inc., Norges Bank, Lord Abbett & CO. LLC, Millennium Management LLC, D. E. Shaw & Co. Inc., Thornburg Investment Management Inc. and Kornitzer Capital Management Inc. KS. 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 $37.55.
How big of a company is CarGurus?
CarGurus has a market capitalization of $4.16 billion and generates $454.09 million in revenue each year. The company earns $65.17 million in net income (profit) each year or $0.57 on an earnings per share basis. CarGurus employs 732 workers across the globe.
What is CarGurus' official website?
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 invest[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.
