NASDAQ:CARGCarGurus Stock Price, Forecast & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CARG shares have increased by 27.7% and is now trading at $26.30. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CarGurus.

CarGurus is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for CarGurus.

CarGurus Inc (NASDAQ:CARG) issued its quarterly earnings results on Thursday, May, 7th. The company reported $0.19 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.07 by $0.12. The firm earned $157.70 million during the quarter, compared to analysts' expectations of $150.06 million. CarGurus had a return on equity of 16.97% and a net margin of 6.91%. The firm's revenue for the quarter was up 16.6% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. View CarGurus' earnings history.

10 brokers have issued 12-month price objectives for CarGurus' stock. Their forecasts range from $23.00 to $35.00. On average, they anticipate CarGurus' stock price to reach $29.63 in the next twelve months. This suggests a possible upside of 12.6% from the stock's current price. View analysts' price targets for CarGurus.

Media coverage about CARG stock has been trending neutral recently, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of press coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. CarGurus earned a media sentiment score of 0.5 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 3.0 out of 10, indicating that recent press coverage is unlikely to have an impact on the stock's share price in the immediate future. View the latest news about CarGurus.

CarGurus saw a increase in short interest during the month of June. As of June 15th, there was short interest totaling 7,660,000 shares, an increase of 5.7% from the May 31st total of 7,250,000 shares. Based on an average daily trading volume, of 2,060,000 shares, the days-to-cover ratio is presently 3.7 days. Currently, 9.5% of the company's stock are short sold. View CarGurus' Current Options Chain.

Some companies that are related to CarGurus include StoneCo (STNE), Zendesk (ZEN), Autohome (ATHM), Zynga (ZNGA), Clarivate Analytics (CCC), Pegasystems (PEGA), YY (YY), Five9 (FIVN), Proofpoint (PFPT), Globant (GLOB), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), Inovalon (INOV) and LiveRamp (RAMP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Netflix (NFLX), salesforce.com (CRM), Roku (ROKU), Twilio (TWLO), Alibaba Group (BABA), Micron Technology (MU), Shopify (SHOP), Trade Desk (TTD), AMC Entertainment (AMC) and NVIDIA (NVDA).

(CARG) raised $132 million in an initial public offering 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.

CarGurus trades on the NASDAQ under the ticker symbol "CARG."

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.

One share of CARG stock can currently be purchased for approximately $26.30.

CarGurus has a market capitalization of $2.96 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.

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

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]