CarGurus - CARG Stock Forecast, Price & News

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CARG shares.
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12 brokers have issued 12 month price objectives for CarGurus' shares. Their CARG share price forecasts range from $27.00 to $45.00. On average, they anticipate the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 71.6% 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 shares have decreased by 39.4% and is now trading at $20.40.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
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CarGurus, Inc. (NASDAQ:CARG) released its quarterly earnings results on Monday, August, 8th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $511.20 million for the quarter, compared to analyst estimates of $507.31 million. CarGurus had a negative net margin of 0.90% and a positive trailing twelve-month return on equity of 20.37%. The company's revenue for the quarter was up 134.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share.

CarGurus issued an update on its third quarter 2022 earnings guidance on Monday, August, 15th. The company provided EPS guidance of $0.25-$0.28 for the period, compared to the consensus earnings per share estimate of $0.33. The company issued revenue guidance of $460.00 million-$490.00 million, compared to the consensus revenue estimate of $554.61 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 $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 institutional and retail investors. Top institutional investors include Anchor Capital Advisors LLC (1.80%), State Street Corp (1.66%), FMR LLC (1.25%), Provident Investment Management Inc. (1.25%), Loomis Sayles & Co. L P (0.92%) and Northern Trust Corp (0.80%). Insiders that own company 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, 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 $20.40.

CarGurus (NASDAQ:CARG) has a market capitalization of $2.42 billion and generates $951.37 million in revenue each year. The company earns $-150,000.00 in net income (profit) each year or ($1.06) 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.