NASDAQ:CARGCarGurus Stock Price, Forecast & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CARG shares have increased by 47.7% and is now trading at $30.42.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 4 hold ratings and 6 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, August 6th 2020.
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CarGurus will be holding an earnings conference call on Thursday, August 6th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

CarGurus Inc (NASDAQ:CARG) released its quarterly earnings data on Thursday, May, 7th. The company reported $0.19 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.07 by $0.12. The company 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%. CarGurus's revenue was up 16.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.12 earnings per share.
View CarGurus' earnings history.

10 brokers have issued 1-year price targets for CarGurus' stock. Their forecasts range from $23.00 to $35.00. On average, they anticipate CarGurus' stock price to reach $29.33 in the next twelve months. This suggests that the stock has a possible downside of 3.6%.
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News coverage about CARG stock has been trending somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. InfoTrie scores the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. CarGurus earned a media sentiment score of 0.8 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the next several days.
View the latest news about CarGurus.

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

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

CarGurus' stock is owned by many different institutional and retail investors. Top institutional investors include Fort Washington Investment Advisors Inc. OH (0.30%), Raymond James & Associates (0.29%), Kornitzer Capital Management Inc. KS (0.20%), MERIAN GLOBAL INVESTORS UK Ltd (0.05%), NN Investment Partners Holdings N.V. (0.04%) and NN Investment Partners Holdings N.V. (0.04%). Company insiders that own CarGurus stock 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, Steven Conine and Thomas Michael Caputo.
View institutional ownership trends for CarGurus.

CARG stock was sold by a variety of institutional investors in the last quarter, including Fort Washington Investment Advisors Inc. OH, UBS Group AG, and SG Americas Securities LLC. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Samuel Zales, Sarah Amory Welch, and Thomas Michael Caputo.
View insider buying and selling activity for CarGurus.

CARG stock was acquired by a variety of institutional investors in the last quarter, including Raymond James & Associates, MERIAN GLOBAL INVESTORS UK Ltd, Kornitzer Capital Management Inc. KS, ProShare Advisors LLC, NN Investment Partners Holdings N.V., NN Investment Partners Holdings N.V., Mackay Shields LLC, and Strs Ohio.
View insider buying and selling activity for 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.

One share of CARG stock can currently be purchased for approximately $30.42.

CarGurus has a market capitalization of $3.43 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]