CarGurus Stock Forecast, Price & News

8 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CarGurus stock.
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Wall Street analysts have given CarGurus a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but CarGurus wasn't one of them. MarketBeat thinks these five companies may be even better buys.
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CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, August 5th 2021.
View our earnings forecast for CarGurus.

CarGurus will be holding an earnings conference call on Thursday, August 5th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "10158384".

CarGurus, Inc. (NASDAQ:CARG) issued its quarterly earnings data on Thursday, May, 6th. The company reported $0.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.10. The business earned $174.10 million during the quarter, compared to analyst estimates of $159.17 million. CarGurus had a net margin of 15.43% and a trailing twelve-month return on equity of 26.11%. The company's revenue was up 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.19 EPS.
View CarGurus' earnings history.

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 stock has increased by 41.9% and is now trading at $29.24.
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CarGurus issued an update on its second quarter 2021 earnings guidance on Thursday, May, 27th. The company provided earnings per share guidance of 0.230-0.250 for the period, compared to the Thomson Reuters consensus estimate of $0.220. The company issued revenue guidance of $186 million-$192 million, compared to the consensus revenue estimate of $166.35 million.

8 equities research analysts have issued 1 year price targets for CarGurus' stock. Their forecasts range from $27.00 to $40.00. On average, they anticipate CarGurus' share price to reach $35.29 in the next year. This suggests a possible upside of 20.7% from the stock's current price.
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138 employees have rated CarGurus CEO Langley Steinert on Glassdoor.com. Langley Steinert has an approval rating of 80% among CarGurus' employees.

Some companies that are related to CarGurus include GoodRx (GDRX), Zynga (ZNGA), DXC Technology (DXC), Pegasystems (PEGA), Proofpoint (PFPT), Globant (GLOB), Playtika (PLTK), TELUS International (Cda) (TIXT), Upwork (UPWK), LegalZoom.com (LZ), Change Healthcare (CHNG), Autohome (ATHM), Inovalon (INOV), Skillz (SKLZ) and JOYY (YY).
View all of CARG's competitors.

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 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 a number of retail and institutional investors. Top institutional investors include Avalon Investment & Advisory (0.15%), Usca Ria LLC (0.02%) and Raymond James Trust N.A. (0.02%). Company insiders that own CarGurus stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, Ian G Smith, Jason Trevisan, John G Connors, Kathleen Bender Patton, Langley Steinert, Larry M Hutchison, Peter Maag, Samuel Zales, Sarah Amory Welch, Scott T Mikuen 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 Usca Ria LLC, Avalon Investment & Advisory, and Raymond James Trust N.A..
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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.
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One share of CARG stock can currently be purchased for approximately $29.24.

CarGurus has a market capitalization of $3.42 billion and generates $551.45 million in revenue each year. The company earns $77.55 million in net income (profit) each year or $0.75 on an earnings per share basis.

CarGurus employs 827 workers across the globe.

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

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

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]