CarGurus (CARG) Stock Forecast, Price & News

CarGurus (NASDAQ:CARG) Frequently Asked Questions

Is CarGurus a buy right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CarGurus stock.
View analyst ratings for CarGurus or view top-rated stocks.

When is CarGurus' next earnings date?

CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for CarGurus.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) posted its quarterly earnings results on Monday, May, 9th. The company reported $0.36 EPS for the quarter, beating analysts' consensus estimates of $0.35 by $0.01. The company earned $430.60 million during the quarter, compared to analyst estimates of $392.66 million. CarGurus had a trailing twelve-month return on equity of 22.94% and a net margin of 2.05%. The company's quarterly revenue was up 151.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS.
View CarGurus' earnings history.

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

CarGurus issued an update on its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided EPS guidance of $0.26-$0.29 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $480.00 million-$510.00 million, compared to the consensus revenue estimate of $452.62 million.

What price target have analysts set for CARG?

9 equities research analysts have issued 12-month price targets for CarGurus' stock. Their forecasts range from $34.00 to $58.00. On average, they anticipate CarGurus' stock price to reach $44.36 in the next year. This suggests a possible upside of 93.5% from the stock's current price.
View analysts' price targets for CarGurus or view top-rated stocks among Wall Street analysts.

Who are CarGurus' key executives?

CarGurus' management team includes the following people:

• Mr. E. Langley Steinert, Founder & Exec. Chairman (Age 58, Pay $10k)
• Mr. Jason M. Trevisan, CEO & Director (Age 47, Pay $723.71k)
• Mr. Samuel Zales, COO & Pres (Age 58, Pay $876.15k) (LinkedIn Profile)
• Mr. Thomas Caputo, Chief Product Officer (Age 48, Pay $456.94k)
• Mr. Scot Christopher Fredo, CFO, Sec. & Treasurer (Age 53)
• Mr. Yann Bruno Gellot, Principal Accounting Officer (Age 50)
• Mr. Matthew Todd Quinn, Chief Technology Officer (Age 50)
• Ms. Kirndeep Singh, VP of Investor Relations
• Brian Kramer, Director of PR
• Ms. Carol Chen, VP of Sales Operations

What is Langley Steinert's approval rating as CarGurus' CEO?

138 employees have rated CarGurus CEO Langley Steinert on Glassdoor.com. Langley Steinert has an approval rating of 80% among CarGurus' employees.

Who are some of CarGurus' key competitors?

Some companies that are related to CarGurus include Clarivate (CLVT), Zynga (ZNGA), Bilibili (BILI), Toast (TOST), Globant (GLOB), DXC Technology (DXC), Change Healthcare (CHNG), Five9 (FIVN), TELUS International (Cda) (TIXT), RingCentral (RNG), Playtika (PLTK), PagSeguro Digital (PAGS), Pegasystems (PEGA), Autohome (ATHM) and GoodRx (GDRX).
View all of CARG's 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), Bank of America (BAC), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX), Roku (ROKU), NVIDIA (NVDA), Intelsat (I), Altria Group (MO) and Shopify (SHOP).

When did CarGurus IPO?

(CARG) raised $132 million in an 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.

What is CarGurus' stock symbol?

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

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Wellington Management Group LLP (11.97%), Vanguard Group Inc. (8.11%), The Manufacturers Life Insurance Company (7.13%), BlackRock Inc. (5.13%), Eaton Vance Management (2.05%) and Anchor Capital Advisors LLC (2.01%). Company insiders that own CarGurus 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.
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 Nomura Holdings Inc., The Manufacturers Life Insurance Company , Federated Hermes Inc., Vanguard Group Inc., U.S. Capital Wealth Advisors LLC, Industrial Alliance Investment Management Inc., Polar Asset Management Partners Inc., and Bollard Group LLC. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Andrea Lee Eldridge, 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.
View insider buying and selling activity for CarGurus or view top insider-selling stocks.

Which institutional investors are buying CarGurus stock?

CARG stock was acquired by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Lord Abbett & CO. LLC, American Century Companies Inc., Eaton Vance Management, Vitruvian Partners LLP, CQS US LLC, Twin Tree Management LP, and Arrowstreet Capital Limited Partnership.
View insider buying and selling activity for CarGurus or or view top insider-buying stocks.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $22.93.

How much money does CarGurus make?

CarGurus has a market capitalization of $2.71 billion and generates $951.37 million in revenue each year. The company earns $-150 thousand in net income (profit) each year or ($0.740010) on an earnings per share basis.

How many employees does CarGurus have?

CarGurus employs 1,203 workers across the globe.

What is CarGurus' official website?

The official website for CarGurus is www.cargurus.com.

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].