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About CarGurus (NASDAQ:CARG)
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
SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068
Debt
Debt-to-Equity RatioN/A
Current Ratio3.92
Quick Ratio3.92
Price-To-Earnings
Trailing P/E Ratio263.50
Forward P/E Ratio287.00
P/E Growth58.28
Sales & Book Value
Annual Sales$316.86 million
Price / Sales10.75
Cash Flow$0.1626 per share
Price / Cash194.12
Book Value$1.25 per share
Price / Book25.26
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees549
Outstanding Shares107,940,000
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 (NASDAQ:CARG) issued its quarterly earnings data on Thursday, May, 3rd. The company reported $0.06 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.04. The firm had revenue of $98.70 million for the quarter, compared to analysts' expectations of $94.15 million. The firm's revenue for the quarter was up 47.3% compared to the same quarter last year. View CarGurus' Earnings History.
What guidance has CarGurus issued on next quarter's earnings?
CarGurus issued an update on its FY18 earnings guidance on Thursday, May, 3rd. The company provided EPS guidance of $0.19-0.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.16. The company issued revenue guidance of $415-418 million, compared to the consensus revenue estimate of $400.46 million.CarGurus also updated its Q2 guidance to $0.03-0.04 EPS.
What price target have analysts set for CARG?
7 brokers have issued twelve-month price targets for CarGurus' shares. Their forecasts range from $25.00 to $44.00. On average, they expect CarGurus' share price to reach $36.00 in the next year. 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. " (5/2/2018)
- 2. Benchmark Co. analysts commented, "We note that our broadcast universe is likely to report automotive ad spend down low-mid-single digits in 1Q, with some seeing deterioration towards down mid-single digits in 2Q. While this historically might be viewed as a positive for the digital space, we continue to hear that uncertainty from the top of the funnel (tier 1/OEM) is filtering all the way down to the local (tier 3) level, with digital the easiest channel to reduce and reinstate as needed. Furthermore, we suspect shares may be facing incremental pressure following 2 broad-based Google (GOOG:Not Rated) algorithm changes in the past month, with our search checks indicating that, while early, at least the April update appeared to be slightly more than routine. We have yet to see any impact on CarGurus’ search rankings but expect the bears will continue to pound the drum on currently unfounded suspicions." (4/30/2018)
Who are some of CarGurus' key competitors?
Some companies that are related to CarGurus include Autohome (ATHM), YY (YY), Proofpoint (PFPT), Zendesk (ZEN), RingCentral (RNG), DST Systems (DST), Pegasystems (PEGA), CoreLogic (CLGX), Bilibili (BILI), Zynga (ZNGA), PagSeguro (PAGS), Fang (SFUN), Acxiom (ACXM), Longfin (LFIN) and Smartsheet (SMAR).
Who are CarGurus' key executives?
CarGurus' management team includes the folowing people:
- Mr. E. Langley Steinert, Founder, Chairman, CEO & Pres (Age 54)
- Mr. Jason M. Trevisan, CFO, Principal Accounting Officer & Treasurer (Age 43)
- Mr. Samuel Zales, Chief Operating Officer (Age 54)
- Ms. Kathleen Bender Patton, Sr. VP, Gen. Counsel & Sec. (Age 51)
- Ms. Martha Blue, SVP Bus. Devel.
When did CarGurus IPO?
(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.
When did CarGurus' lock-up period expire?
CarGurus' lock-up period expired 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. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the expiration of the lock-up period.
Has CarGurus been receiving favorable news coverage?
Press coverage about CARG stock has been trending somewhat positive on Thursday, according to Accern. The research group identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. CarGurus earned a daily sentiment score of 0.04 on Accern's scale. They also gave media headlines about the company an impact score of 45.89 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company's share price in the near term.
Who are CarGurus' major shareholders?
CarGurus' stock is owned by many different of retail and institutional investors. Top institutional investors include The Manufacturers Life Insurance Company (3.53%), Bollard Group LLC (2.79%), Lord Abbett & CO. LLC (0.90%), Franklin Resources Inc. (0.10%), Next Century Growth Investors LLC (0.07%) and Wells Fargo & Company MN (0.06%). Company insiders that own CarGurus stock include Anastasios Parafestas, Argonaut 22 Llc, David Lambert Parker, Ian G Smith, Jason Trevisan, Langley Steinert, Oliver Ian Chrzan, Samuel Zales and Thomas Michael Caputo. View Institutional Ownership Trends for CarGurus.
Which major investors are selling CarGurus stock?
CARG stock was sold by a variety of institutional investors in the last quarter, including Bollard Group LLC, Spark Investment Management LLC, Next Century Growth Investors LLC and JPMorgan Chase & Co.. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Argonaut 22 Llc, David Lambert Parker, Ian G Smith, Jason Trevisan, Langley Steinert, Oliver Ian Chrzan, Samuel Zales and Thomas Michael Caputo. View Insider Buying and Selling for CarGurus.
Which major investors are buying CarGurus stock?
CARG stock was acquired by a variety of institutional investors in the last quarter, including The Manufacturers Life Insurance Company , Lord Abbett & CO. LLC, Franklin Resources Inc., Wells Fargo & Company MN, Roundview Capital LLC, Verition Fund Management LLC, Millennium Management LLC and Skye Global Management LP. 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 $31.57.
How big of a company is CarGurus?
CarGurus has a market capitalization of $3.35 billion and generates $316.86 million in revenue each year. The company earns $13.19 million in net income (profit) each year or $0.12 on an earnings per share basis. CarGurus employs 549 workers across the globe.
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]
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 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.
CarGurus (NASDAQ:CARG) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
7 Wall Street analysts have issued ratings and price targets for CarGurus in the last 12 months. Their average twelve-month price target is $36.00, suggesting that the stock has a possible upside of 14.03%. The high price target for CARG is $44.00 and the low price target for CARG is $25.00. There are currently 4 hold ratings and 3 buy ratings for the stock, resulting in a consensus rating of "Hold."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Hold | Hold | Hold | Hold |
| Consensus Rating Score: | 2.43 | 2.29 | 2.20 | 2.20 |
| Ratings Breakdown: | 0 Sell Rating(s)
4 Hold Rating(s)
3 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $36.00 | $35.50 | $29.50 | $29.50 |
| Price Target Upside: | 14.03% upside | 2.93% downside | 1.07% downside | 1.07% downside |
CarGurus (NASDAQ:CARG) Consensus Price Target History
CarGurus (NASDAQ:CARG) Analyst Ratings History
Show:
(Data available from 5/24/2016 forward)
CarGurus (NASDAQ:CARG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
CarGurus (NASDAQ CARG) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 51.03%
Institutional Ownership Percentage: 50.54%
CarGurus (NASDAQ CARG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 5/22/2018 | Anastasios Parafestas | Director | Sell | 354,412 | $31.53 | $11,174,610.36 | |  |
| 5/22/2018 | Argonaut 22 Llc | Major Shareholder | Sell | 290,618 | $31.53 | $9,163,185.54 | | |
| 5/22/2018 | Langley Steinert | CEO | Sell | 117,406 | $31.48 | $3,695,940.88 | | |
| 5/18/2018 | Anastasios Parafestas | Director | Sell | 164,024 | $32.18 | $5,278,292.32 | | |
| 5/18/2018 | Argonaut 22 Llc | Major Shareholder | Sell | 134,498 | $32.18 | $4,328,145.64 | | |
| 5/18/2018 | Langley Steinert | CEO | Sell | 117,406 | $32.22 | $3,782,821.32 | | |
| 5/18/2018 | Oliver Ian Chrzan | VP | Sell | 6,000 | $32.03 | $192,180.00 | | |
| 5/16/2018 | Argonaut 22 Llc | Major Shareholder | Sell | 90,126 | $31.98 | $2,882,229.48 | | |
| 5/16/2018 | Ian G Smith | Director | Sell | 4,650 | $31.63 | $147,079.50 | | |
| 5/16/2018 | Langley Steinert | CEO | Sell | 117,406 | $31.98 | $3,754,643.88 | | |
| 5/14/2018 | Anastasios Parafestas | Director | Sell | 48,482 | $32.30 | $1,565,968.60 | | |
| 5/14/2018 | Argonaut 22 Llc | Major Shareholder | Sell | 39,755 | $32.30 | $1,284,086.50 | | |
| 5/10/2018 | Ian G Smith | Director | Sell | 5,300 | $32.39 | $171,667.00 | | |
| 5/10/2018 | Jason Trevisan | CFO | Sell | 17,000 | $33.13 | $563,210.00 | | |
| 5/8/2018 | Ian G Smith | Director | Sell | 5,300 | $31.95 | $169,335.00 | | |
| 5/4/2018 | Ian G Smith | Director | Sell | 4,650 | $31.55 | $146,707.50 | | |
| 5/4/2018 | Oliver Ian Chrzan | VP | Sell | 6,000 | $30.49 | $182,940.00 | | |
| 5/2/2018 | Ian G Smith | Director | Sell | 4,650 | $32.06 | $149,079.00 | | |
| 4/30/2018 | Ian G Smith | Director | Sell | 4,650 | $30.82 | $143,313.00 | | |
| 4/27/2018 | Oliver Ian Chrzan | VP | Sell | 6,000 | $30.59 | $183,540.00 | | |
| 4/26/2018 | Ian G Smith | Director | Sell | 4,975 | $31.81 | $158,254.75 | | |
| 4/24/2018 | Ian G Smith | Director | Sell | 5,300 | $33.02 | $175,006.00 | | |
| 4/20/2018 | Ian G Smith | Director | Sell | 5,300 | $32.66 | $173,098.00 | | |
| 4/20/2018 | Oliver Ian Chrzan | VP | Sell | 6,000 | $32.92 | $197,520.00 | | |
| 4/18/2018 | Ian G Smith | Director | Sell | 5,300 | $32.38 | $171,614.00 | | |
| 4/16/2018 | Ian G Smith | Director | Sell | 5,300 | $32.98 | $174,794.00 | | |
| 4/12/2018 | Thomas Michael Caputo | VP | Sell | 6,850 | $33.89 | $232,146.50 | | |
| 4/11/2018 | Ian G Smith | Director | Sell | 6,650 | $37.44 | $248,976.00 | | |
| 4/11/2018 | Samuel Zales | COO | Sell | 30,000 | $36.60 | $1,098,000.00 | | |
| 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 | | |
(Data available from 1/1/2013 forward)
CarGurus (NASDAQ CARG) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Confidence in self-driving cars sags; they’re coming anyway
www.msn.com - May 24 at 9:50 AM |
 | Insider Selling: CarGurus (CARG) CEO Sells 117,406 Shares of Stock
www.americanbankingnews.com - May 23 at 7:16 PM |
| CarGurus (CARG) Director Anastasios Parafestas Sells 354,412 Shares
www.americanbankingnews.com - May 23 at 7:16 PM |
| CarGurus (CARG) Major Shareholder Sells $9,163,185.54 in Stock
www.americanbankingnews.com - May 23 at 7:16 PM |
 | CarGurus Survey Finds Most Car Owners Are Not Ready for Self-Driving Cars
finance.yahoo.com - May 23 at 9:24 AM |
| CarGurus polls drivers about self-driving cars, has surprising results
www.msn.com - May 22 at 4:14 PM |
| CarGurus (CARG) VP Sells $192,180.00 in Stock
www.americanbankingnews.com - May 21 at 7:54 PM |
| CarGurus (CARG) Major Shareholder Sells $4,328,145.64 in Stock
www.americanbankingnews.com - May 21 at 7:16 PM |
| Langley Steinert Sells 117,406 Shares of CarGurus (CARG) Stock
www.americanbankingnews.com - May 21 at 7:16 PM |
| Anastasios Parafestas Sells 164,024 Shares of CarGurus (CARG) Stock
www.americanbankingnews.com - May 21 at 7:16 PM |
 | BRIEF-CarGurus, AMVOQ Announce Partnership To List AMVOQ Member's Inventory On CarGurus
www.reuters.com - May 18 at 10:42 AM |
| CarGurus and AMVOQ Announce Partnership to Expand Inventory Visibility for Used Car Dealers
finance.yahoo.com - May 18 at 10:42 AM |
| Insider Selling: CarGurus (CARG) Director Sells 4,650 Shares of Stock
www.americanbankingnews.com - May 17 at 8:17 PM |
| CarGurus (CARG) CEO Langley Steinert Sells 117,406 Shares
www.americanbankingnews.com - May 17 at 7:34 PM |
| Argonaut 22 Llc Sells 90,126 Shares of CarGurus (CARG) Stock
www.americanbankingnews.com - May 17 at 7:34 PM |
| CarGurus (CARG) Expected to Announce Quarterly Sales of $103.69 Million
www.americanbankingnews.com - May 17 at 3:46 AM |
| Argonaut 22 Llc Sells 39,755 Shares of CarGurus (CARG) Stock
www.americanbankingnews.com - May 15 at 7:18 PM |
| CarGurus (CARG) Director Sells $1,565,968.60 in Stock
www.americanbankingnews.com - May 15 at 7:17 PM |
| $0.04 EPS Expected for CarGurus (CARG) This Quarter
www.americanbankingnews.com - May 15 at 1:39 PM |
| CarGurus (CARG) Director Sells $171,667.00 in Stock
www.americanbankingnews.com - May 11 at 8:21 PM |
| Jason Trevisan Sells 17,000 Shares of CarGurus (CARG) Stock
www.americanbankingnews.com - May 11 at 7:58 PM |
| Ian G. Smith Sells 5,300 Shares of CarGurus (CARG) Stock
www.americanbankingnews.com - May 9 at 8:11 PM |
| CarGurus Survey Finds Canadians Value Function Over Flash When It Comes To Car Care
finance.yahoo.com - May 9 at 9:45 AM |
 | CarGurus: Upside Growth Makes Shares Attractive Again
seekingalpha.com - May 8 at 9:37 AM |
| CarGurus (CARG) VP Sells $182,940.00 in Stock
www.americanbankingnews.com - May 7 at 10:26 PM |
| CarGurus (CARG) Director Sells $146,707.50 in Stock
www.americanbankingnews.com - May 7 at 7:56 PM |
| CarGurus (CARG) Earns "Buy" Rating from Benchmark
www.americanbankingnews.com - May 6 at 10:32 PM |
| CarGurus (CARG) Announces Quarterly Earnings Results
www.americanbankingnews.com - May 4 at 4:36 PM |
| CarGurus: 1Q Earnings Snapshot
finance.yahoo.com - May 4 at 9:36 AM |
| CarGurus (CARG) Director Sells $149,079.00 in Stock
www.americanbankingnews.com - May 3 at 8:29 PM |
| CarGurus (CARG) Releases Q2 Earnings Guidance
www.americanbankingnews.com - May 3 at 7:29 PM |
| CarGurus (CARG) Releases FY18 Earnings Guidance
www.americanbankingnews.com - May 3 at 7:29 PM |
| CarGurus Announces First Quarter 2018 Results:
finance.yahoo.com - May 3 at 4:13 PM |
| CarGurus (CARG) Given Consensus Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - May 3 at 5:34 AM |
| CarGurus (CARG) Lowered to Hold at Zacks Investment Research
www.americanbankingnews.com - May 2 at 7:06 PM |
| CarGurus (CARG) Stock Rating Upgraded by Zacks Investment Research
www.americanbankingnews.com - May 1 at 8:16 PM |
| CarGurus (CARG) VP Oliver Ian Chrzan Sells 6,000 Shares
www.americanbankingnews.com - May 1 at 7:34 PM |
| CarGurus (CARG) Director Ian G. Smith Sells 4,650 Shares
www.americanbankingnews.com - May 1 at 7:34 PM |
| CarGurus 'One Of The Likely Long-Term Winners' In Online Auto Advertising
finance.yahoo.com - May 1 at 4:13 PM |
| CarGurus (CARG) Cut to "Sell" at ValuEngine
www.americanbankingnews.com - May 1 at 11:18 AM |
| CarGurus (CARG) Upgraded to Buy at DA Davidson
www.americanbankingnews.com - May 1 at 7:16 AM |
| What are the best used cars? We name 10 high-rated models
www.msn.com - April 30 at 4:14 PM |
| Zacks: Analysts Anticipate CarGurus (CARG) Will Post Quarterly Sales of $94.01 Million
www.americanbankingnews.com - April 29 at 1:52 AM |
| CarGurus (CARG) Expected to Post Earnings of $0.02 Per Share
www.americanbankingnews.com - April 27 at 11:22 PM |
| CarGurus (CARG) Director Ian G. Smith Sells 4,975 Shares
www.americanbankingnews.com - April 27 at 7:26 PM |
| CarGurus (CARG) Scheduled to Post Quarterly Earnings on Thursday
www.americanbankingnews.com - April 26 at 4:28 AM |
| CarGurus (CARG) Director Ian G. Smith Sells 5,300 Shares
www.americanbankingnews.com - April 25 at 7:10 PM |
| Insider Selling: CarGurus (CARG) VP Sells 6,000 Shares of Stock
www.americanbankingnews.com - April 23 at 7:12 PM |
| CarGurus Announces 2018 Best Used Car Award Winners
finance.yahoo.com - April 23 at 9:24 AM |
| Ian G. Smith Sells 5,300 Shares of CarGurus Inc (CARG) Stock
www.americanbankingnews.com - April 19 at 7:36 PM |
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 Thursday, May, 24, 2018
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