CarGurus - CARG Stock Forecast, Price & News

11 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CARG shares.
View CARG analyst ratings or view top-rated stocks.

11 analysts have issued 1-year price objectives for CarGurus' shares. Their CARG share price forecasts range from $11.50 to $43.00. On average, they anticipate the company's stock price to reach $23.59 in the next year. This suggests a possible upside of 87.4% from the stock's current price.
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CarGurus' stock was trading at $33.64 at the beginning of 2022. Since then, CARG stock has decreased by 62.6% and is now trading at $12.59.
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CarGurus saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 8,370,000 shares, an increase of 26.2% from the October 31st total of 6,630,000 shares. Based on an average daily volume of 1,760,000 shares, the days-to-cover ratio is currently 4.8 days. Currently, 9.5% of the shares of the company are short sold.
View CarGurus' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CARG earnings forecast.

CarGurus, Inc. (NASDAQ:CARG) posted its quarterly earnings data on Tuesday, November, 8th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.03 by $0.23. The company had revenue of $426.45 million for the quarter, compared to analyst estimates of $463.18 million. CarGurus had a trailing twelve-month return on equity of 20.56% and a net margin of 3.76%.

CarGurus updated its fourth quarter earnings guidance on Tuesday, November, 8th. The company provided earnings per share guidance of $0.13 to $0.16 for the period, compared to the consensus EPS estimate of $0.28. The company issued revenue guidance of $270 million to $300 million, compared to the consensus revenue estimate of $468.91 million.

56 employees have rated CarGurus Chief Executive Officer Jason Trevisan on Glassdoor.com. Jason Trevisan has an approval rating of 80% among the company's employees. 81.0% of employees surveyed would recommend working at CarGurus to a friend.

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Twilio (TWLO), Bank of America (BAC), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX), Roku (ROKU), NVIDIA (NVDA), Intelsat (I), Altria Group (MO) and Shopify (SHOP).

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

CarGurus' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (7.77%), The Manufacturers Life Insurance Company (7.37%), BlackRock Inc. (5.62%), Par Capital Management Inc. (5.30%), Eaton Vance Management (2.05%) and State Street Corp (1.69%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, Jason Trevisan, John G Connors, Kathleen Bender Patton, Langley Steinert, Larry M Hutchison, Peter Maag, Samuel Zales, Sarah Amory Welch, Scot Christopher Fredo, Scott T Mikuen, Thomas Michael Caputo and Yann Bruno Gellot.
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Shares of CARG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CARG stock can currently be purchased for approximately $12.59.

CarGurus (NASDAQ:CARG) has a market capitalization of $1.50 billion and generates $951.37 million in revenue each year. The company earns $-150,000.00 in net income (profit) each year or ($1.16) on an earnings per share basis.

The company employs 1,203 workers across the globe.

CarGurus' mailing address is 2 Canal Park 4thFloor, Cambridge MA, 02141. The official website for the company is www.cargurus.com. The company can be reached via phone at (617) 354-0068 or via email at investors@cargurus.com.