NASDAQ:CARG - CarGurus Stock Price, Price Target & More

$31.81 -0.65 (-2.00 %)
(As of 04/26/2018 07:18 AM ET)
Previous Close$32.46
Today's Range$31.29 - $32.21
52-Week Range$25.85 - $40.60
Volume285,800 shs
Average Volume299,838 shs
Market Capitalization$3.44 billion
P/E RatioN/A
Dividend YieldN/A
BetaN/A

About CarGurus (NASDAQ:CARG)

CarGurus logoCarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings. The company was founded in 2005 and is headquartered in Cambridge, Massachusetts.

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Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
SectorAuto/Tires/Trucks
SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068

Debt

Debt-to-Equity RatioN/A
Current Ratio3.66%
Quick Ratio3.66%

Price-To-Earnings

Trailing P/E RatioN/A
Forward P/E Ratio318.10
P/E Growth62.83

Sales & Book Value

Annual Sales$316.86 million
Price / Sales10.65
Cash Flow$0.1569 per share
Price / Cash202.74
Book Value$1.20 per share
Price / Book26.51

Profitability

EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A

Miscellaneous

Employees549
Outstanding Shares106,130,000

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CarGurus (NASDAQ:CARG) Frequently Asked Questions

What is CarGurus' stock symbol?

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

How were CarGurus' earnings last quarter?

CarGurus (NASDAQ:CARG) announced its quarterly earnings results on Thursday, March, 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Zacks' consensus estimate of $0.01 by $0.01. The business had revenue of $87.71 million for the quarter, compared to analysts' expectations of $86.22 million. The firm's quarterly revenue was up 197.5% on a year-over-year basis. During the same period last year, the firm earned $0.27 earnings per share. View CarGurus' Earnings History.

When is CarGurus' next earnings date?

CarGurus is scheduled to release their next quarterly earnings announcement on Thursday, May, 3rd 2018. View Earnings Estimates for CarGurus.

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

CarGurus issued an update on its FY18 earnings guidance on Thursday, March, 1st. The company provided earnings per share guidance of $0.14-0.16 for the period, compared to the Thomson Reuters consensus estimate of $0.12. The company issued revenue guidance of $396-400 million, compared to the consensus revenue estimate of $383.42 million.CarGurus also updated its Q1 guidance to $0.01-0.02 EPS.

What price target have analysts set for CARG?

7 brokerages have issued 12 month price objectives for CarGurus' stock. Their predictions range from $25.00 to $42.00. On average, they expect CarGurus' share price to reach $35.50 in the next twelve months. View Analyst Ratings for CarGurus.

What are Wall Street analysts saying about CarGurus stock?

Here are some recent quotes from research analysts about CarGurus stock:
  • 1. Benchmark Co. analysts commented, "We think CARG’s bull case is fairly straightforward. At all-in average monthly pricing ranging from 50-200% vs. competitors and the largest consumer audience measured by unique visitors, the Firm should be able to continue spinning the flywheel of increasing dealer penetration both from a count and wallet share perspective assuming lead volume continues to grow. Our dealer survey of 54 groups — including 3 of the top 15, 5 top 25, and a wide array of franchise and independent outfits—supports this thesis as ~80% expect to spend more on the platform over the next 12 months. Additionally, given that CarGurus is mathematically focused rather than relationship dependent, as ROI tools improve over time, the majority of the $3 billion that shifted to Google and Facebook over the last 5 years, along with the potential for another $3-4 billion to shift to digital channels over the next 5 years, could move to the leader in pure lead volume." (3/22/2018)
  • 2. According to Zacks Investment Research, "CarGurus, Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. The company uses proprietary technology, search algorithms and data analytics. It operates primarily in Canada, the United Kingdom and Germany. CarGurus, Inc.is based in CAMBRIDGE, United States. " (3/6/2018)

Who are some of CarGurus' key competitors?

Who are CarGurus' key executives?

CarGurus' management team includes the folowing people:
  • Mr. E. Langley Steinert, Founder, Chairman, CEO & Pres (Age 54)
  • Mr. Jason M. Trevisan, CFO, Principal Accounting Officer & Treasurer (Age 43)
  • Mr. Samuel Zales, Chief Operating Officer (Age 54)
  • Ms. Kathleen Bender Patton, Sr. VP, Gen. Counsel & Sec. (Age 51)
  • Ms. Martha Blue, SVP Bus. Devel.

When did CarGurus IPO?

(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 served as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.

When did the company's lock-up period expire?

CarGurus' lock-up period expired on Tuesday, April 10th. CarGurus had issued 9,400,000 shares in its IPO on October 12th. The total size of the offering was $150,400,000 based on an initial share price of $16.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the end of the lock-up period.

Has CarGurus been receiving favorable news coverage?

Media stories about CARG stock have trended somewhat positive this week, according to Accern. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. CarGurus earned a media sentiment score of 0.11 on Accern's scale. They also gave media stories about the company an impact score of 47.08 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company's share price in the immediate future.

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 Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $31.81.

How big of a company is CarGurus?

CarGurus has a market capitalization of $3.44 billion and generates $316.86 million in revenue each year. The company earns $13.19 million in net income (profit) each year or $0.12 on an earnings per share basis. CarGurus employs 549 workers across the globe.

How can I contact CarGurus?

CarGurus' mailing address is 2 CANAL PARK 4TH FLOOR, CAMBRIDGE MA, 02141. The company can be reached via phone at 617-354-0068 or via email at [email protected]


MarketBeat Community Rating for CarGurus (CARG)

Community Ranking:  2.4 out of 5 (star star)
Outperform Votes:  73 (Vote Outperform)
Underperform Votes:  81 (Vote Underperform)
Total Votes:  154
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.

Analyst Ratings

CarGurus (NASDAQ:CARG) Price Target and Consensus Rating

  (How are Consensus Ratings Calculated?)
7 Wall Street analysts have issued ratings and price targets for CarGurus in the last 12 months. Their average twelve-month price target is $35.50, suggesting that the stock has a possible upside of 11.60%. The high price target for CARG is $42.00 and the low price target for CARG is $25.00. There are currently 5 hold ratings and 2 buy ratings for the stock, resulting in a consensus rating of "Hold."
Today30 Days Ago90 Days Ago180 Days Ago
Consensus Rating: HoldHoldHoldN/A
Consensus Rating Score: 2.292.332.20N/A
Ratings Breakdown: 0 Sell Rating(s)
5 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
4 Hold Rating(s)
2 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
4 Hold Rating(s)
1 Buy Rating(s)
0 Strong Buy Rating(s)
0 Sell Rating(s)
0 Hold Rating(s)
0 Buy Rating(s)
0 Strong Buy Rating(s)
Consensus Price Target: $35.50$33.6667$29.50N/A
Price Target Upside: 11.60% upside5.32% downside1.07% downsideN/A

CarGurus (NASDAQ:CARG) Consensus Price Target History

Price Target History for CarGurus (NASDAQ:CARG)

CarGurus (NASDAQ:CARG) Analyst Ratings History

Show:
DateBrokerageActionRatingPrice TargetImpact on Share PriceDetails
4/4/2018DA DavidsonInitiated CoverageNeutral$41.00LowView Rating Details
3/22/2018BenchmarkInitiated CoverageBuy -> Buy$42.00LowView Rating Details
11/15/2017Royal Bank of CanadaReiterated RatingSector Perform -> Sector Perform$33.00 -> $34.00N/AView Rating Details
11/6/2017William BlairInitiated CoverageSell -> OutperformN/AView Rating Details
11/6/2017Raymond JamesInitiated CoverageMkt Perform -> Market PerformN/AView Rating Details
11/6/2017JMP SecuritiesInitiated CoverageMkt Perform -> Market PerformN/AView Rating Details
11/6/2017Goldman SachsInitiated CoverageNeutral -> Neutral$25.00N/AView Rating Details
(Data available from 4/26/2016 forward)

Earnings

CarGurus (NASDAQ:CARG) Earnings History and Estimates Chart

Earnings by Quarter for CarGurus (NASDAQ:CARG)

CarGurus (NASDAQ:CARG) Earnings Estimates

2018 EPS Consensus Estimate: $0.14
2019 EPS Consensus Estimate: $0.18
QuarterNumber of EstimatesLow EstimateHigh EstimateAverage Estimate
Q1 20182$0.01$0.02$0.02
Q2 20182$0.03$0.04$0.04
Q3 20182$0.03$0.04$0.04
Q4 20182$0.05$0.05$0.05
Q1 20191$0.03$0.03$0.03
Q2 20191$0.04$0.04$0.04
Q3 20191$0.05$0.05$0.05
Q4 20191$0.06$0.06$0.06

CarGurus (NASDAQ CARG) Earnings History by Quarter

DateQuarterConsensus EstimateActual EPSRevenue EstimateActual RevenueRelease LinkConference CallDetails
5/3/2018$0.02N/AView Earnings Details
3/1/2018Q4 2017$0.01$0.02$86.22 million$87.71 millionViewN/AView Earnings Details
11/14/2017Q3 2017$0.02$79.23 million$83.00 millionViewN/AView Earnings Details
(Earnings results data provided by Zacks Investment Research)

Dividends

CarGurus (NASDAQ:CARG) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
(Data available from 1/1/2013 forward)

Insider Trades

CarGurus (NASDAQ CARG) Insider Trading and Institutional Ownership History

Institutional Ownership Percentage: 57.41%
Insider Trading History for CarGurus (NASDAQ:CARG)
Institutional Ownership by Quarter for CarGurus (NASDAQ:CARG)

CarGurus (NASDAQ CARG) Insider Trading History

Transaction DateInsider NameTitleBuy/SellNumber of SharesAverage Share PriceTotal TransactionShares Held After TransactionDetails
4/24/2018Ian G SmithDirectorSell5,300$33.02$175,006.00View SEC Filing  
4/20/2018Ian G SmithDirectorSell5,300$32.66$173,098.00View SEC Filing  
4/20/2018Oliver Ian ChrzanVPSell6,000$32.92$197,520.00View SEC Filing  
4/18/2018Ian G SmithDirectorSell5,300$32.38$171,614.00View SEC Filing  
4/16/2018Ian G SmithDirectorSell5,300$32.98$174,794.00View SEC Filing  
4/12/2018Thomas Michael CaputoVPSell6,850$33.89$232,146.50View SEC Filing  
4/11/2018Ian G SmithDirectorSell6,650$37.44$248,976.00View SEC Filing  
4/11/2018Samuel ZalesCOOSell30,000$36.60$1,098,000.00View SEC Filing  
10/16/2017Argonaut 22 LlcMajor ShareholderSell1,523,000$14.88$22,662,240.00View SEC Filing  
10/16/2017David Lambert ParkerDirectorSell269,871$14.88$4,015,680.48View SEC Filing  
10/16/2017Langley SteinertCEOSell3,390,524$14.88$50,450,997.12View SEC Filing  
10/16/2017Oliver Ian ChrzanVPSell270,793$14.88$4,029,399.84View SEC Filing  
(Data available from 1/1/2013 forward)

Headlines

CarGurus (NASDAQ CARG) News Headlines

Source:
DateHeadline
CarGurus (CARG) Scheduled to Post Quarterly Earnings on ThursdayCarGurus (CARG) Scheduled to Post Quarterly Earnings on Thursday
www.americanbankingnews.com - April 26 at 4:28 AM
CarGurus (CARG) Director Ian G. Smith Sells 5,300 SharesCarGurus (CARG) Director Ian G. Smith Sells 5,300 Shares
www.americanbankingnews.com - April 25 at 7:10 PM
Insider Selling: CarGurus (CARG) VP Sells 6,000 Shares of StockInsider Selling: CarGurus (CARG) VP Sells 6,000 Shares of Stock
www.americanbankingnews.com - April 23 at 7:12 PM
CarGurus Announces 2018 Best Used Car Award WinnersCarGurus Announces 2018 Best Used Car Award Winners
finance.yahoo.com - April 23 at 9:24 AM
Ian G. Smith Sells 5,300 Shares of CarGurus Inc (CARG) StockIan G. Smith Sells 5,300 Shares of CarGurus Inc (CARG) Stock
www.americanbankingnews.com - April 19 at 7:36 PM
CarGurus to Report First Quarter 2018 Financial ResultsCarGurus to Report First Quarter 2018 Financial Results
finance.yahoo.com - April 18 at 9:45 AM
Insider Selling: CarGurus Inc (CARG) Director Sells 5,300 Shares of StockInsider Selling: CarGurus Inc (CARG) Director Sells 5,300 Shares of Stock
www.americanbankingnews.com - April 17 at 7:28 PM
CarGurus execs cash in as lockup period expiresCarGurus execs cash in as lockup period expires
finance.yahoo.com - April 16 at 4:13 PM
BidaskClub Lowers CarGurus (CARG) to HoldBidaskClub Lowers CarGurus (CARG) to Hold
www.americanbankingnews.com - April 14 at 7:21 AM
CarGurus Inc (CARG) VP Sells $232,146.50 in StockCarGurus Inc (CARG) VP Sells $232,146.50 in Stock
www.americanbankingnews.com - April 13 at 10:10 PM
$94.01 Million in Sales Expected for CarGurus Inc (CARG) This Quarter$94.01 Million in Sales Expected for CarGurus Inc (CARG) This Quarter
www.americanbankingnews.com - April 13 at 5:07 AM
CarGurus Inc (CARG) Director Ian G. Smith Sells 6,650 SharesCarGurus Inc (CARG) Director Ian G. Smith Sells 6,650 Shares
www.americanbankingnews.com - April 12 at 7:18 PM
Insider Selling: CarGurus Inc (CARG) COO Sells 30,000 Shares of StockInsider Selling: CarGurus Inc (CARG) COO Sells 30,000 Shares of Stock
www.americanbankingnews.com - April 12 at 7:17 PM
 Analysts Expect CarGurus Inc (CARG) to Post $0.02 EPS Analysts Expect CarGurus Inc (CARG) to Post $0.02 EPS
www.americanbankingnews.com - April 11 at 1:08 AM
CarGurus Inc (CARG) Given Consensus Rating of "Hold" by AnalystsCarGurus Inc (CARG) Given Consensus Rating of "Hold" by Analysts
www.americanbankingnews.com - April 8 at 5:19 AM
Q1 2018 Earnings Estimate for CarGurus Inc (CARG) Issued By DA DavidsonQ1 2018 Earnings Estimate for CarGurus Inc (CARG) Issued By DA Davidson
www.americanbankingnews.com - April 6 at 7:24 AM
CarGurus (CARG) Coverage Initiated by Analysts at DA DavidsonCarGurus (CARG) Coverage Initiated by Analysts at DA Davidson
www.americanbankingnews.com - April 4 at 12:55 PM
CarGurus Incs Lock-Up Period Will End  on April 10th (NASDAQ:CARG)CarGurus Inc's Lock-Up Period Will End on April 10th (NASDAQ:CARG)
www.americanbankingnews.com - April 3 at 1:05 AM
CarGurus (CARG) Receives New Coverage from Analysts at Goldman SachsCarGurus (CARG) Receives New Coverage from Analysts at Goldman Sachs
www.americanbankingnews.com - April 1 at 8:43 PM
CarGurus Could Be Driven Lower By Lockup ExpirationCarGurus Could Be Driven Lower By Lockup Expiration
seekingalpha.com - March 28 at 4:13 PM
Active-Investors: Blog Exposure - Cars.com Announces Agreement with StarBoard; Adds Three New Members to Board of DirectorsActive-Investors: Blog Exposure - Cars.com Announces Agreement with StarBoard; Adds Three New Members to Board of Directors
www.finanznachrichten.de - March 27 at 10:10 AM
CarGurus (CARG) Names Greg Schwartz to BoardCarGurus (CARG) Names Greg Schwartz to Board
www.streetinsider.com - March 27 at 10:10 AM
 Analysts Expect CarGurus Inc (CARG) Will Post Quarterly Sales of $93.94 Million Analysts Expect CarGurus Inc (CARG) Will Post Quarterly Sales of $93.94 Million
www.americanbankingnews.com - March 27 at 7:52 AM
Zacks: Analysts Anticipate CarGurus Inc (CARG) to Post $0.01 EPSZacks: Analysts Anticipate CarGurus Inc (CARG) to Post $0.01 EPS
www.americanbankingnews.com - March 25 at 3:12 AM
CarGurus Launches High-Efficiency Search Engine Marketing Product for DealershipsCarGurus Launches High-Efficiency Search Engine Marketing Product for Dealerships
finance.yahoo.com - March 23 at 9:40 AM
Benchmark Begins Coverage on CarGurus (CARG)Benchmark Begins Coverage on CarGurus (CARG)
www.americanbankingnews.com - March 22 at 9:20 PM
CarGurus Inc (CARG) Given Average Recommendation of "Hold" by BrokeragesCarGurus Inc (CARG) Given Average Recommendation of "Hold" by Brokerages
www.americanbankingnews.com - March 14 at 5:37 AM
CarGurus Inc (CARG) Expected to Post Quarterly Sales of $93.94 MillionCarGurus Inc (CARG) Expected to Post Quarterly Sales of $93.94 Million
www.americanbankingnews.com - March 9 at 2:20 AM
CarGurus Gives Shoppers "Everything You Need To Know" in Newest Television AdsCarGurus Gives Shoppers "Everything You Need To Know" in Newest Television Ads
finance.yahoo.com - March 7 at 9:51 AM
CarGurus (CARG) Cut to Sell at Zacks Investment ResearchCarGurus (CARG) Cut to Sell at Zacks Investment Research
www.americanbankingnews.com - March 6 at 7:00 PM
CarGurus Inc (CARG) to Post Q2 2018 Earnings of $0.04 Per Share, William Blair ForecastsCarGurus Inc (CARG) to Post Q2 2018 Earnings of $0.04 Per Share, William Blair Forecasts
www.americanbankingnews.com - March 5 at 3:50 AM
CarGurus (CARG) Downgraded to Hold at BidaskClubCarGurus (CARG) Downgraded to Hold at BidaskClub
www.americanbankingnews.com - March 4 at 12:16 AM
89,874 Shares in CarGurus Inc (CARG) Purchased by Next Century Growth Investors LLC89,874 Shares in CarGurus Inc (CARG) Purchased by Next Century Growth Investors LLC
www.americanbankingnews.com - March 3 at 3:54 PM
Citadel Advisors LLC Takes Position in CarGurus Inc (CARG)Citadel Advisors LLC Takes Position in CarGurus Inc (CARG)
www.americanbankingnews.com - March 3 at 5:21 AM
Spark Investment Management LLC Invests $2.15 Million in CarGurus Inc (CARG)Spark Investment Management LLC Invests $2.15 Million in CarGurus Inc (CARG)
www.americanbankingnews.com - March 2 at 12:28 PM
CarGurus (CARG) Releases Quarterly  Earnings ResultsCarGurus (CARG) Releases Quarterly Earnings Results
www.americanbankingnews.com - March 2 at 11:39 AM
CarGurus posts 4Q profitCarGurus posts 4Q profit
finance.yahoo.com - March 2 at 9:35 AM
CarGurus (CARG) Issues FY18 Earnings GuidanceCarGurus (CARG) Issues FY18 Earnings Guidance
www.americanbankingnews.com - March 1 at 5:38 PM
CarGurus (CARG) Updates Q1 Earnings GuidanceCarGurus (CARG) Updates Q1 Earnings Guidance
www.americanbankingnews.com - March 1 at 5:18 PM
CarGurus Announces Fourth Quarter 2017 and Full Year 2017 Financial ResultsCarGurus Announces Fourth Quarter 2017 and Full Year 2017 Financial Results
finance.yahoo.com - March 1 at 4:37 PM
Jackson Square Partners LLC Acquires New Stake in CarGurus Inc (CARG)Jackson Square Partners LLC Acquires New Stake in CarGurus Inc (CARG)
www.americanbankingnews.com - March 1 at 12:48 PM
CarGurus (CARG) Upgraded at BidaskClubCarGurus (CARG) Upgraded at BidaskClub
www.americanbankingnews.com - February 25 at 6:03 PM
Zacks: Brokerages Expect CarGurus Inc (CARG) Will Post Quarterly Sales of $86.09 MillionZacks: Brokerages Expect CarGurus Inc (CARG) Will Post Quarterly Sales of $86.09 Million
www.americanbankingnews.com - February 21 at 11:00 AM
CarGurus to Report Fourth Quarter and Full Year 2017 Financial ResultsCarGurus to Report Fourth Quarter and Full Year 2017 Financial Results
finance.yahoo.com - February 20 at 9:16 AM
CarGurus Inc (CARG) Expected to Post Earnings of $0.01 Per ShareCarGurus Inc (CARG) Expected to Post Earnings of $0.01 Per Share
www.americanbankingnews.com - February 19 at 3:18 AM
CarGurus Inc (CARG) Given Average Recommendation of "Hold" by AnalystsCarGurus Inc (CARG) Given Average Recommendation of "Hold" by Analysts
www.americanbankingnews.com - February 17 at 5:30 AM
CarGurus to Present at Goldman Sachs Technology & Internet ConferenceCarGurus to Present at Goldman Sachs Technology & Internet Conference
finance.yahoo.com - February 9 at 9:02 AM
CarGurus Receives Two "Highest Rated" DrivingSales Dealer Satisfaction AwardsCarGurus Receives Two "Highest Rated" DrivingSales Dealer Satisfaction Awards
finance.yahoo.com - February 8 at 4:33 PM
CarGurus Hires Wendy Harris as Vice President of European SalesCarGurus Hires Wendy Harris as Vice President of European Sales
finance.yahoo.com - February 7 at 9:02 AM
$0.01 Earnings Per Share Expected for CarGurus Inc (CARG) This Quarter$0.01 Earnings Per Share Expected for CarGurus Inc (CARG) This Quarter
www.americanbankingnews.com - February 2 at 3:12 AM

SEC Filings

CarGurus (NASDAQ:CARG) SEC Filings

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Social Media

Financials

CarGurus (NASDAQ:CARG) Income Statement, Balance Sheet and Cash Flow Statement

Chart

CarGurus (NASDAQ CARG) Stock Chart for Thursday, April, 26, 2018

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This page was last updated on 4/26/2018 by MarketBeat.com Staff

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