NASDAQ:CARG - CarGurus Stock Price, News, & Analysis

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$39.14 -0.05 (-0.13 %)
(As of 03/21/2019 04:00 PM ET)
Previous Close$39.19
Today's Range$38.64 - $40.01
52-Week Range$29.18 - $57.25
Volume397,997 shs
Average Volume688,154 shs
Market Capitalization$4.34 billion
P/E Ratio68.67
Dividend YieldN/A
Beta1.97
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..

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Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorAuto/Tires/Trucks
Current SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$454.09 million
Cash Flow$0.6680 per share
Book Value$1.76 per share

Profitability

Net Income$65.17 million

Miscellaneous

Employees732
Market Cap$4.34 billion
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) released its quarterly earnings data on Wednesday, November, 7th. The company reported $0.08 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.03. The business had revenue of $119.04 million for the quarter, compared to analyst estimates of $112.70 million. CarGurus had a return on equity of 15.03% and a net margin of 13.10%. CarGurus's revenue was up 43.4% compared to the same quarter last year. During the same period last year, the firm posted $0.02 earnings per share. View CarGurus' Earnings History.

When is CarGurus' next earnings date?

CarGurus is scheduled to release their next quarterly earnings announcement on Thursday, May 2nd 2019. View Earnings Estimates for CarGurus.

What guidance has CarGurus issued on next quarter's earnings?

CarGurus updated its FY 2019 earnings guidance on Thursday, February, 28th. The company provided 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 brokerages have issued twelve-month price objectives for CarGurus' shares. Their predictions range from $42.00 to $59.00. On average, they anticipate CarGurus' stock price to reach $49.80 in the next twelve months. This suggests a possible upside of 27.2% 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?

News coverage about CARG stock has been trending very negative this week, InfoTrie reports. InfoTrie ranks the sentiment of news coverage by analyzing more than six thousand blog and news 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 daily sentiment score of -3.6 on InfoTrie's scale. They also assigned media stories about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an impact on the company's share price in the next several days.

Who are some of CarGurus' key competitors?

What other stocks do shareholders of CarGurus own?

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Twilio (TWLO), Intelsat (I), Bank of America (BAC), First Data (FDC), Netflix (NFLX), Associated British Foods (ABF), Apollo Global Management (APO), Fossil Group (FOSL), Chaarat Gold (CGH) and NVIDIA (NVDA).

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 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.

Who are CarGurus' major shareholders?

CarGurus' stock is owned by many different of institutional and retail investors. Top institutional shareholders 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 $39.14.

How big of a company is CarGurus?

CarGurus has a market capitalization of $4.34 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?

The official website for CarGurus is http://www.cargurus.com.

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 (NASDAQ CARG)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  296 (Vote Outperform)
Underperform Votes:  301 (Vote Underperform)
Total Votes:  597
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.
This page was last updated on 3/21/2019 by MarketBeat.com Staff

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