NASDAQ:CARG

CarGurus Stock Forecast, Price & News

$24.51
+0.32 (+1.32 %)
(As of 06/21/2021 12:00 AM ET)
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Today's Range
$23.86
$24.58
50-Day Range
$23.71
$28.73
52-Week Range
$19.24
$36.54
Volume758,602 shs
Average Volume1.24 million shs
Market Capitalization$2.87 billion
P/E Ratio32.25
Dividend YieldN/A
Beta1.9
30 days | 90 days | 365 days | Advanced Chart
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CarGurus logo

About CarGurus

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.

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MarketRank

Overall MarketRank

1.99 out of 5 stars

Auto/Tires/Trucks Sector

19th out of 171 stocks

Data Processing & Preparation Industry

6th out of 109 stocks

Analyst Opinion: 3.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 2.5 5 -4 -3 -2 -1 -
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CarGurus (NASDAQ:CARG) Frequently Asked Questions

Is CarGurus a buy right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 4 hold ratings and 5 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 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.
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, August 5th 2021.
View our earnings forecast for CarGurus
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings results on Thursday, May, 6th. The company reported $0.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.23 by $0.10. The business had revenue of $174.10 million for 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 firm's revenue for the quarter was up 10.4% compared to the same quarter last year. During the same quarter last year, the business earned $0.19 earnings per share.
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. Since then, CARG stock has increased by 19.0% and is now trading at $24.51.
View which stocks have been most impacted by COVID-19
.

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

CarGurus issued an update on its second quarter 2021 earnings guidance on Thursday, May, 27th. The company provided earnings per share (EPS) 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.

What price target have analysts set for CARG?

9 brokerages have issued twelve-month price objectives for CarGurus' stock. Their forecasts range from $27.00 to $40.00. On average, they expect CarGurus' stock price to reach $34.25 in the next year. This suggests a possible upside of 39.7% 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 $10k)
  • Mr. Jason M. Trevisan, CEO & Director (Age 46, Pay $723.71k)
  • Mr. Samuel Zales, COO & Pres (Age 57, Pay $876.15k)
  • Ms. Sarah Welch, Chief Marketing Officer (Age 49, Pay $444.94k)
  • Mr. Thomas Caputo, Chief Product Officer (Age 47, Pay $456.94k)
  • Mr. Scot Christopher Fredo, CFO & Treasurer (Age 52)
  • Mr. Yann Bruno Gellot, Principal Accounting Officer (Age 49)
  • Mr. Kyle Lomeli, Chief Technology Officer (Age 42)
  • Mr. Rodney Nelson, Director of Investor Relations
  • Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 54)

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?

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 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."

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Dragoneer Investment Group LLC (7.93%), The Manufacturers Life Insurance Company (6.55%), BlackRock Inc. (5.66%), Morgan Stanley (3.98%), Contour Asset Management LLC (2.58%) and Atreides Management LP (2.28%). Company insiders that own CarGurus stock include Anastasios Parafestas, Andrea Lee Eldridge, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Samuel Zales, Sarah Amory Welch and Thomas Michael Caputo.
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 Arrowstreet Capital Limited Partnership, Alliancebernstein L.P., Healthcare of Ontario Pension Plan Trust Fund, Acadian Asset Management LLC, Hound Partners LLC, Goldman Sachs Group Inc., Man Group plc, and Stifel Financial Corp. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Andrea Lee Eldridge, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Samuel Zales, Sarah Amory Welch, and Thomas Michael Caputo.
View insider buying and selling activity for CarGurus
or view top insider-selling stocks.

Which institutional investors are buying CarGurus stock?

CARG stock was purchased by a variety of institutional investors in the last quarter, including Atreides Management LP, Eaton Vance Management, Dragoneer Investment Group LLC, Federated Hermes Inc., Glenmede Trust Co. NA, Islet Management LP, Point72 Asset Management L.P., and Renaissance Technologies LLC.
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 $24.51.

How much money does CarGurus make?

CarGurus has a market capitalization of $2.87 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.

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 6/22/2021 by MarketBeat.com Staff
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