NASDAQ:CARGCarGurus Stock Price, Forecast & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding CarGurus Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $17.83 +0.56 (+3.24 %) (As of 04/7/2020 03:32 PM ET) Add Compare Share Today's Range$17.35Now: $17.83▼$18.2650-Day Range$15.93MA: $21.50▼$28.2552-Week Range$14.25Now: $17.83▼$42.82Volume78,259 shsAverage Volume2.09 million shsMarket Capitalization$2.00 billionP/E Ratio48.19Dividend YieldN/ABeta2.07 ProfileAnalyst RatingsAdvanced ChartEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsSocial Media 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 was founded in 2005 and is headquartered in Cambridge, Massachusetts.Read More Beat the Market (BTM) Rank™ 4.4 Analyst's Opinion Consensus RatingCarGurus has received a consensus rating of Buy. The company's average rating score is 2.78, and is based on 7 buy ratings, 2 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $36.00, CarGurus has a potential upside of 101.9% from its current price of $17.83.Amount of Analyst CoverageCarGurus has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.5 Community Rank Outperform VotesCarGurus has received 429 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCarGurus has received 436 “underperform” votes. (Add your “underperform” vote.)Community SentimentCarGurus has received 50.40% “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. Previous Next 0.0 Dividend Strength Dividend YieldCarGurus does not currently pay a dividend.Dividend GrowthCarGurus does not have a long track record of dividend growth. Previous Next 1.0 Company Ownership Insider Buying vs. Insider SellingIn 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 $10,158,544.00 in company stock.Percentage Held by InsidersOnly 34.51% of the stock of CarGurus is held by insiders.Percentage Held by Institutions82.80% of the stock of CarGurus is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for CarGurus are expected to grow by 119.05% in the coming year, from $0.21 to $0.46 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CarGurus is 48.19, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 11.90.Price to Earnings Ratio vs. SectorThe P/E ratio of CarGurus is 48.19, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 12.41.Price to Earnings Growth RatioCarGurus has a PEG Ratio of 1.87. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCarGurus has a P/B Ratio of 7.79. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.4Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.95 out of 5 stars 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 Webhttp://www.cargurus.com/ Phone617-354-0068Debt Debt-to-Equity Ratio0.24 Current Ratio2.97 Quick Ratio2.97Price-To-Earnings Trailing P/E Ratio48.19 Forward P/E Ratio84.90 P/E Growth1.87 Sales & Book Value Annual Sales$588.92 million Price / Sales3.40 Cash Flow$0.59 per share Price / Cash Flow29.98 Book Value$2.29 per share Price / Book7.79Profitability EPS (Most Recent Fiscal Year)$0.38 Net Income$42.15 million Net Margins7.16% Return on Equity17.62% Return on Assets11.34%Miscellaneous Employees732 Outstanding Shares112,300,000Market Cap$2.00 billion Next Earnings Date5/14/2020 (Estimated) OptionableOptionable Receive CARG News and Ratings via Email Sign-up to receive the latest news and ratings for CARG and its competitors with MarketBeat's FREE daily newsletter. NASDAQ:CARG Rates by TradingView CarGurus (NASDAQ:CARG) Frequently Asked Questions How has CarGurus' stock been impacted by COVID-19 (Coronavirus)? CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CARG shares have decreased by 13.4% and is now trading at $17.83. View which stocks have been mosted impacted by Coronavirus. Do Wall Street analysts recommend investors buy shares of CarGurus? 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CarGurus. When is CarGurus' next earnings date? CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, May 14th 2020. View our earnings forecast for CarGurus. How were CarGurus' earnings last quarter? CarGurus Inc (NASDAQ:CARG) announced its quarterly earnings results on Thursday, February, 13th. The company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.14 by $0.03. The firm earned $158.15 million during the quarter, compared to analysts' expectations of $154.80 million. CarGurus had a return on equity of 17.62% and a net margin of 7.16%. View CarGurus' earnings history. What guidance has CarGurus issued on next quarter's earnings? CarGurus updated its FY20 earnings guidance on Thursday, February, 13th. The company provided EPS guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.66. The company issued revenue guidance of $664-676 million, compared to the consensus revenue estimate of $706.15 million. What price target have analysts set for CARG? 9 Wall Street analysts have issued 1 year price objectives for CarGurus' shares. Their forecasts range from $23.00 to $50.00. On average, they expect CarGurus' stock price to reach $36.00 in the next year. This suggests a possible upside of 101.9% from the stock's current price. View analysts' price targets for CarGurus. Has CarGurus been receiving favorable news coverage? Media headlines about CARG stock have trended very negative recently, according to InfoTrie. InfoTrie ranks the sentiment of news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CarGurus earned a media sentiment score of -3.3 on InfoTrie's scale. They also assigned news headlines about the company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the company's share price in the next few days. View the latest news aboutCarGurus. Are investors shorting CarGurus? CarGurus saw a decrease in short interest in the month of February. As of February 28th, there was short interest totaling 7,570,000 shares, a decrease of 13.5% from the February 13th total of 8,750,000 shares. Based on an average daily trading volume, of 1,500,000 shares, the days-to-cover ratio is currently 5.0 days. Currently, 11.9% of the company's shares are sold short. View CarGurus' Current Options Chain. Who are some of CarGurus' key competitors? Some companies that are related to CarGurus include Clarivate Analytics (CCC), PagSeguro Digital (PAGS), Zendesk (ZEN), Zynga (ZNGA), Proofpoint (PFPT), StoneCo (STNE), Pegasystems (PEGA), YY (YY), Five9 (FIVN), Globant (GLOB), DXC Technology (DXC), Inovalon (INOV), Corelogic (CLGX), LiveRamp (RAMP) and Evertec (EVTC). What other stocks do shareholders of CarGurus own? Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Netflix (NFLX), Roku (ROKU), Twilio (TWLO), Bank of America (BAC), Intelsat (I), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA), salesforce.com (CRM) and Advanced Micro Devices (AMD). Who are CarGurus' key executives? CarGurus' management team includes the following people: Mr. E. Langley Steinert, Founder, Chairman & CEO (Age 55)Mr. Samuel Zales, COO & Pres (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 $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." 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, Robinhood, Fidelity, and Charles Schwab. What is CarGurus' stock price today? One share of CARG stock can currently be purchased for approximately $17.83. How big of a company is CarGurus? CarGurus has a market capitalization of $2.00 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 732 workers across the globe. View additional information about CarGurus. What is CarGurus' official website? The official website for CarGurus is http://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 4/7/2020 by MarketBeat.com StaffFeatured Article: How to use beta for portfolio diversification
