NASDAQ:CARGCarGurus Stock Price, Forecast & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CARG stock has increased by 27.9% and is now trading at $26.35. 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 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.12. The business had revenue of $157.70 million for the quarter, compared to analyst estimates of $150.06 million. CarGurus had a return on equity of 16.97% and a net margin of 6.91%. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.12 earnings per share. View CarGurus' earnings history.

10 brokers have issued 12-month price objectives for CarGurus' shares. Their forecasts range from $23.00 to $35.00. On average, they expect CarGurus' stock price to reach $29.63 in the next twelve months. This suggests a possible upside of 12.4% from the stock's current price. View analysts' price targets for CarGurus.

News headlines about CARG stock have been trending positive this week, according to InfoTrie Sentiment. The research firm scores the sentiment of press coverage by reviewing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CarGurus earned a media sentiment score of 3.0 on InfoTrie's scale. They also gave news stories about the company a news buzz of 0.0 out of 10, meaning that recent press coverage is extremely unlikely to have an effect on the stock's share price in the immediate future. View the latest news about CarGurus.

CarGurus saw a increase in short interest in 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 short-interest ratio is presently 3.7 days. Currently, 9.5% of the company's shares are sold short. 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), Five9 (FIVN), Proofpoint (PFPT), YY (YY), 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 (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 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 many different retail and institutional investors. Top institutional shareholders include Envestnet Asset Management Inc. (0.03%). 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 purchased by a variety of institutional investors in the last quarter, including Envestnet Asset Management Inc.. 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 $26.35.

CarGurus has a market capitalization of $2.97 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]