NASDAQ:CARG

CarGurus Stock Forecast, Price & News

$25.28

+0.14 (+0.56 %)

(As of 04/16/2021 04:00 PM ET)

Add

Compare

Today's Range

$24.79

Now: $25.28▼

$25.31

50-Day Range

$23.21

MA: $24.87▼

$27.30

52-Week Range

$17.88

Now: $25.28▼

$36.54

Volume598,945 shs

Average Volume1.23 million shs

Market Capitalization$2.95 billion

P/E Ratio43.59

Dividend YieldN/A

Beta1.99

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Data processing & preparation

Sub-IndustryN/A

SectorAuto/Tires/Trucks

Current SymbolNASDAQ:CARG

Previous Symbol

CUSIPN/A

CIK1494259

Webwww.cargurus.com

Phone617-354-0068

Employees827

Year FoundedN/A

Debt

Debt-to-Equity RatioN/A

Current Ratio5.04

Quick Ratio5.04

Price-To-Earnings

Trailing P/E Ratio43.59

Forward P/E Ratio38.89

P/E Growth1.65

Sales & Book Value

Annual Sales$588.92 million

Price / Sales5.01

Cash Flow$0.42 per share

Price / Cash Flow60.04

Book Value$2.29 per share

Price / Book11.04

Profitability

EPS (Most Recent Fiscal Year)$0.38

Net Income$42.15 million

Net Margins11.75%

Return on Equity24.71%

Return on Assets17.32%

Miscellaneous

Outstanding Shares116,800,000

Market Cap$2.95 billion

Next Earnings Date5/6/2021 (Estimated)

OptionableOptionable

Headlines

EV infrastructure, parts still give potential EV buyers pause, survey finds - MarketWatch
April 14, 2021 | marketwatch.com

CarGurus Study Shows EV Consideration Soars, Tesla Dominance Challenged - Forbes
April 14, 2021 | forbes.com

Raymond James Upgrades CarGurus (NASDAQ:CARG) to Outperform
April 14, 2021 | americanbankingnews.com

CarGurus Study Finds Over Half of Canadian Car Owners Plan to Invest in Electric Vehicles in the Next Ten Years - Yahoo Finance
April 14, 2021 | finance.yahoo.com

CarGurus Study Finds Consumer Openness to Electric Vehicles has Doubled Since 2018 - GlobeNewswire
April 14, 2021 | globenewswire.com

CarGurus Study Finds Consumer Openness to Electric Vehicles has Doubled Since 2018
April 14, 2021 | finance.yahoo.com

CarGurus Study Finds Over Half of Canadian Car Owners Plan to Invest in Electric Vehicles in the Next Ten Years
April 14, 2021 | finance.yahoo.com

CarGurus: It May Feel Like Dumpster Diving, But This Stock Is A Diamond In The Rough - Seeking Alpha
April 11, 2021 | seekingalpha.com

When Will Capricor Therapeutics, Inc. (NASDAQ:CAPR) Turn A Profit? - Nasdaq
April 9, 2021 | nasdaq.com

Is There An Opportunity With Avis Budget Group, Inc.'s (NASDAQ:CAR) 30% Undervaluation? - Nasdaq
April 9, 2021 | nasdaq.com

Does CarGurus (NASDAQ:CARG) Deserve A Spot On Your Watchlist? - Nasdaq
April 9, 2021 | nasdaq.com

Thomas Michael Caputo Sells 4,691 Shares of CarGurus, Inc. (NASDAQ:CARG) Stock
April 8, 2021 | americanbankingnews.com

CarGurus (NASDAQ:CARG) Stock Rating Upgraded by Raymond James
April 8, 2021 | americanbankingnews.com

UPDATE: Raymond James Assumes, Upgrades CarGurus Inc. (CARG) to Outperform - StreetInsider.com
April 7, 2021 | streetinsider.com

Is CARG Stock A Buy or Sell? - Yahoo Finance
April 7, 2021 | finance.yahoo.com

Is CARG Stock A Buy or Sell?
April 7, 2021 | finance.yahoo.com

VIA Introduces New Creative Identity and Drops “Agency” From Name - StreetInsider.com
April 2, 2021 | streetinsider.com

Auto Sales Improving But Curb Your Enthusiasm - Forbes
April 1, 2021 | forbes.com

CarGurus Stock Appears To Be Significantly Undervalued - Yahoo Finance
March 30, 2021 | finance.yahoo.com

CarGurus Stock Is Estimated To Be Significantly Undervalued - Yahoo Finance
March 26, 2021 | finance.yahoo.com

See More Headlines

MarketRank^™

Overall MarketRank^™

2.06 out of 5 stars

Auto/Tires/Trucks Sector

13th out of 148 stocks

Data Processing & Preparation Industry

4th out of 100 stocks

4.3 Analyst's Opinion

Consensus Rating
CarGurus has received a consensus rating of Buy. The company's average rating score is 2.54, and is based on 7 buy ratings, 6 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $32.42, CarGurus has a forecasted upside of 28.2% from its current price of $25.28.
Amount of Analyst Coverage
CarGurus has been the subject of 6 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.5 Community Rank

Outperform Votes
CarGurus has received 457 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
CarGurus has received 465 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
CarGurus has received 50.43% “underperform” votes from our community.

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.

0.0 Dividend Strength

Dividend Yield
CarGurus does not currently pay a dividend.
Dividend Growth
CarGurus does not have a long track record of dividend growth.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, CarGurus insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $236,896.00 in company stock.
Percentage Held by Insiders
Only 24.43% of the stock of CarGurus is held by insiders.
Percentage Held by Institutions
79.44% of the stock of CarGurus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for CarGurus are expected to grow by 9.23% in the coming year, from $0.65 to $0.71 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CarGurus is 43.59, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 23.89.
Price to Earnings Ratio vs. Sector
The P/E ratio of CarGurus is 43.59, which means that it is trading at a less expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 74.17.
Price to Earnings Growth Ratio
CarGurus has a PEG Ratio of 1.65. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
CarGurus has a P/B Ratio of 11.04. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

$25.28

+0.14 (+0.56 %)

(As of 04/16/2021 04:00 PM ET)

30 days | 90 days | 365 days | Advanced Chart

Receive CARG News and Ratings via Email

Sign-up to receive the latest news and ratings for CARG and its competitors with MarketBeat's FREE daily newsletter.

CarGurus (NASDAQ:CARG) Frequently Asked Questions

Is CarGurus a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CarGurus stock.
View analyst ratings for CarGurus or view top-rated stocks.

What stocks does MarketBeat like better than CarGurus?

Wall Street analysts have given CarGurus a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CarGurus wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is CarGurus' next earnings date?

CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, May 6th 2021.
View our earnings forecast for CarGurus.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings data on Wednesday, February, 10th. The company reported $0.32 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.13. The firm earned $151.55 million during the quarter, compared to the consensus estimate of $148.63 million. CarGurus had a trailing twelve-month return on equity of 24.71% and a net margin of 11.75%.
View CarGurus' earnings history.

How has CarGurus' stock been impacted by COVID-19?

CarGurus' stock was trading at $20.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization (WHO). Since then, CARG shares have increased by 22.7% and is now trading at $25.28.
View which stocks have been most impacted by COVID-19.

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

CarGurus updated its first quarter 2021 After-Hours earnings guidance on Thursday, February, 11th. The company provided earnings per share guidance of 0.21-0.23 for the period, compared to the Thomson Reuters consensus estimate of $0.23. The company issued revenue guidance of $156-160 million, compared to the consensus revenue estimate of $154.62 million.

What price target have analysts set for CARG?

13 Wall Street analysts have issued 1-year price targets for CarGurus' shares. Their forecasts range from $25.00 to $40.00. On average, they anticipate CarGurus' share price to reach $32.42 in the next year. This suggests a possible upside of 28.2% 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 57, Pay $57.33k)
Mr. Jason M. Trevisan, CEO & Director (Age 46, Pay $645.66k)
Mr. Samuel Zales, COO & Pres (Age 57, Pay $638.33k)
Mr. Kyle Lomeli, Chief Technology Officer (Age 42, Pay $475.22k)
Ms. Sarah Welch, Chief Marketing Officer (Age 49, Pay $525.29k)
Mr. Scot Christopher Fredo, CFO & Treasurer (Age 52)
Mr. Yann Bruno Gellot, Principal Accounting Officer (Age 49)
Mr. Rodney Nelson, Director of Investor Relations
Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 54)
Ms. Wendy Harris, Sr. VP of Sales & MD of UK

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 Zynga (ZNGA), Pegasystems (PEGA), Globant (GLOB), DXC Technology (DXC), Proofpoint (PFPT), JOYY (YY), Change Healthcare (CHNG), Upwork (UPWK), CoreLogic (CLGX), Skillz (SKLZ), Perspecta (PRSP), Inovalon (INOV), 8X8 (EGHT), Shutterstock (SSTK) and LiveRamp (RAMP).
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 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 served 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."

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 $25.28.

How much money does CarGurus make?

CarGurus has a market capitalization of $2.95 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.

How many employees does CarGurus have?

CarGurus employs 827 workers across the globe.

What is CarGurus' official website?

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

Where are CarGurus' headquarters?

CarGurus is headquartered at 2 Canal Park 4thFloor, Cambridge MA, 02141.

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]

This page was last updated on 4/16/2021 by MarketBeat.com Staff

30 Days of MarketBeat All Access for $1.00

Best-in-Class Portfolio Monitoring
View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio.
Stock Ideas and Recommendations
Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report.
Advanced Stock Screeners and Research Tools
Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. Export data to Excel for your own analysis.

Start Your Risk-Free Trial Subscription Here