NASDAQ:CARG CarGurus - CARG Stock Forecast, Price & News Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding CarGurus, Inc. Please log in to your account or sign up in order to add this asset to your watchlist. $18.09 -0.23 (-1.26%) (As of 03/28/2023 12:00 AM ET) Add Compare Share Share Today's Range$17.97▼$18.4250-Day Range$15.81▼$18.6352-Week Range$9.14▼$45.68Volume662,459 shsAverage Volume1.19 million shsMarket Capitalization$2.08 billionP/E RatioN/ADividend YieldN/APrice Target$20.82 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability CarGurus MarketRank™ ForecastAnalyst RatingModerate Buy2.55 Rating ScoreUpside/Downside15.1% Upside$20.82 Price TargetShort InterestHealthy11.24% of Float Sold ShortDividend StrengthN/ASustainability-3.32Upright™ Environmental ScoreNews Sentiment0.65Based on 4 Articles This WeekInsider TradingN/AProj. Earnings Growth600.00%From $0.04 to $0.28 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.2.19 out of 5 starsAuto/Tires/Trucks Sector39th out of 98 stocksData Processing & Preparation Industry33rd out of 70 stocks 3.3 Analyst's Opinion Consensus RatingCarGurus has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 7 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.82, CarGurus has a forecasted upside of 15.1% from its current price of $18.09.Amount of Analyst CoverageCarGurus has been the subject of 7 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 3.0 Short Interest Percentage of Shares Shorted11.24% of the float of CarGurus has been sold short.Short Interest Ratio / Days to CoverCarGurus has a short interest ratio ("days to cover") of 8.2.Change versus previous monthShort interest in CarGurus has recently decreased by 5.03%, indicating that investor sentiment is improving significantly. Previous Next 0.0 Dividend Strength Dividend YieldCarGurus does not currently pay a dividend.Dividend GrowthCarGurus does not have a long track record of dividend growth. Previous Next 0.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCarGurus has received a -62.31% net impact score from Upright. The largest negative impact of CarGurus in category "GHG emissions" seems to be driven mostly by its "Digital marketplaces for used cars", "Online retail of new diesel passenger cars", and "Online retail of new gasoline passenger cars" products. See details.Environmental SustainabilityThe Environmental Impact score for CarGurus is -3.32. Previous Next 2.0 News and Social Media Coverage News SentimentCarGurus has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.42 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 4 news articles for CarGurus this week, compared to 4 articles on an average week.Search InterestOnly 4 people have searched for CARG on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added CarGurus to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CarGurus insiders have not sold or bought any company stock.Percentage Held by Insiders14.80% of the stock of CarGurus is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions89.37% of the stock of CarGurus is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for CarGurus are expected to grow by 600.00% in the coming year, from $0.04 to $0.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CarGurus is -64.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Ratio vs. SectorThe P/E ratio of CarGurus is -64.61, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.Price to Earnings Growth RatioCarGurus has a PEG Ratio of 33.07. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCarGurus has a P/B Ratio of 2.90. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About CarGurus (NASDAQ:CARG) StockCargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.Read More Receive CARG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CarGurus and its competitors with MarketBeat's FREE daily newsletter. Email Address CARG Stock News HeadlinesMarch 26, 2023 | msn.com2023 Honda Civic Si vs. 2023 Subaru WRX Base: Which Is the Better Pick for the Money?March 20, 2023 | finance.yahoo.comCarGurus Releases its Ninth Annual Top-Rated Dealer AwardsMarch 28, 2023 | Investing Daily (Ad)A 100% Win Rate In 2022…The next 10 minutes could change your life. We've recorded a special sit-down interview with a reclusive millionaire who details how he's closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn't closed a single losing trade since 2016. Sounds impossible? It's not - and he'll prove it to you. March 19, 2023 | finance.yahoo.comShould You Think About Buying CarGurus, Inc. (NASDAQ:CARG) Now?March 17, 2023 | msn.comWhy it’s the perfect time to save for a down payment on a carMarch 8, 2023 | finance.yahoo.comCarGurus February 2023 Intelligence Report Finds Used Car Price Trends Reverse as Inventory TightensMarch 3, 2023 | finance.yahoo.comCarGurus, Inc. (NASDAQ:CARG) Q4 2022 Earnings Call TranscriptMarch 2, 2023 | finance.yahoo.comCarGurus Full Year 2022 Earnings: EPS Beats ExpectationsMarch 28, 2023 | Investor Place Media (Ad)The "King Of Quants" sees 10X potential...Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...March 2, 2023 | finance.yahoo.comCarGurus, Inc.'s (NASDAQ:CARG) Stock Has Seen Strong Momentum: Does That Call For Deeper Study Of Its Financial Prospects?March 1, 2023 | finance.yahoo.comWhy CarGurus Stock Raced Ahead 11% TodayMarch 1, 2023 | finance.yahoo.comCarGurus Announces Fourth Quarter and Full-Year 2022 ResultsMarch 1, 2023 | finance.yahoo.comCarGurus (CARG) Q4 Earnings and Revenues Surpass EstimatesFebruary 27, 2023 | finance.yahoo.comShould You Buy CarGurus (CARG) Ahead of Earnings?February 21, 2023 | finance.yahoo.comCarGurus (CARG) Expected to Beat Earnings Estimates: Should You Buy?February 19, 2023 | msn.comThe 5 electric cars with the highest trade-in values—and no, they're not TeslasFebruary 9, 2023 | finance.yahoo.comCarGurus January 2023 Intelligence Report Finds Consumer Demand for New and Used Vehicles is on the RiseFebruary 1, 2023 | finance.yahoo.comCarGurus Underscores the “Get it With Gurus” Feeling of Confidence and Ease in New Brand CreativeJanuary 30, 2023 | finance.yahoo.comCarGurus to Report Fourth Quarter and Full-Year 2022 Financial ResultsJanuary 30, 2023 | msn.comThe Average Price Of A Used Tesla Is Down $18,000 From 6 Months AgoJanuary 29, 2023 | msn.comWhat Is the Cheapest Lotus?January 24, 2023 | finance.yahoo.comAn Intrinsic Calculation For CarGurus, Inc. (NASDAQ:CARG) Suggests It's 50% UndervaluedJanuary 5, 2023 | finance.yahoo.comCarGurus to Present at 25th Annual Needham Growth ConferenceJanuary 5, 2023 | bizjournals.comHealey taps longtime executive Yvonne Hao to be state's economic development chiefJanuary 5, 2023 | markets.businessinsider.comNeedham Reaffirms Their Buy Rating on CarGurus (CARG)December 20, 2022 | finance.yahoo.comCarGurus 2022 Review & 2023 Outlook: Electric Vehicle Demand Moderates, Luxury Used Vehicle Prices Decline & Most Viewed Cars Show DiversityDecember 20, 2022 | finance.yahoo.comCarGurus (NASDAQ:CARG) shareholders have endured a 63% loss from investing in the stock three years agoSee More Headlines View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart Receive CARG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CarGurus and its competitors with MarketBeat's FREE daily newsletter. Email Address CARG Company Calendar Last Earnings2/28/2023Today3/28/2023Next Earnings (Estimated)5/08/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNASDAQ:CARG CUSIPN/A CIK1494259 Webwww.cargurus.com Phone(617) 354-0068FaxN/AEmployees1,403Year FoundedN/APrice Target and Rating Average Stock Price Forecast$20.82 High Stock Price Forecast$37.00 Low Stock Price Forecast$12.00 Forecasted Upside/Downside+13.6%Consensus RatingModerate Buy Rating Score (0-4)2.55 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($0.28) Trailing P/E RatioN/A Forward P/E Ratio458.00 P/E Growth33.07Net Income$193.79 million Net Margins11.71% Pretax Margin6.73% Return on Equity20.16% Return on Assets11.68% Debt Debt-to-Equity RatioN/A Current Ratio5.65 Quick Ratio5.59 Sales & Book Value Annual Sales$1.66 billion Price / Sales1.27 Cash Flow$1.35 per share Price / Cash Flow13.61 Book Value$6.24 per share Price / Book2.94Miscellaneous Outstanding Shares114,870,000Free Float97,868,000Market Cap$2.10 billion OptionableOptionable Beta1.57 Key ExecutivesJason TrevisanChief Executive Officer & DirectorSamuel ZalesPresident & Chief Operating OfficerMatt QuinnChief Technology OfficerKirndeep SinghVice President & Head-Investor RelationsTom CaputoChief Product OfficerKey CompetitorsMobileye GlobalNASDAQ:MBLYDanaNYSE:DANGenthermNASDAQ:THRMFiskerNYSE:FSRXPELNASDAQ:XPELView All CompetitorsInsiders & InstitutionsRockefeller Capital Management L.P.Sold 2,933 shares on 3/6/2023Ownership: 0.007%Voya Investment Management LLCSold 198,793 shares on 2/28/2023Ownership: 0.171%Parallax Volatility Advisers L.P.Bought 94,800 shares on 2/27/2023Ownership: 0.000%Teachers Retirement System of The State of KentuckyBought 15,639 shares on 2/22/2023Ownership: 0.123%Macquarie Group Ltd.Sold 3,980 shares on 2/21/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions CARG Stock - Frequently Asked Questions Should I buy or sell CarGurus stock right now? 11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CARG shares. View CARG analyst ratings or view top-rated stocks. What is CarGurus' stock price forecast for 2023? 11 brokerages have issued twelve-month target prices for CarGurus' shares. Their CARG share price forecasts range from $12.00 to $37.00. On average, they anticipate the company's share price to reach $20.82 in the next year. This suggests a possible upside of 13.9% from the stock's current price. View analysts price targets for CARG or view top-rated stocks among Wall Street analysts. How have CARG shares performed in 2023? CarGurus' stock was trading at $14.01 on January 1st, 2023. Since then, CARG shares have increased by 30.4% and is now trading at $18.27. View the best growth stocks for 2023 here. Are investors shorting CarGurus? CarGurus saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 9,620,000 shares, a drop of 5.0% from the February 28th total of 10,130,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is presently 8.2 days. Currently, 11.2% of the company's shares are sold short. View CarGurus' Short Interest. When is CarGurus' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023. View our CARG earnings forecast. How were CarGurus' earnings last quarter? CarGurus, Inc. (NASDAQ:CARG) released its earnings results on Tuesday, February, 28th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.29. The company had revenue of $286.74 million for the quarter, compared to the consensus estimate of $279.28 million. CarGurus had a net margin of 11.71% and a trailing twelve-month return on equity of 20.16%. What ETFs hold CarGurus' stock? ETFs with the largest weight of CarGurus (NASDAQ:CARG) stock in their portfolio include SPDR S&P Internet ETF (XWEB), Invesco Dynamic Media ETF (PBS), Roundhill Acquirers Deep Value ETF (DEEP), WisdomTree Growth Leaders Fund (PLAT), Janus Henderson Small Cap Growth Alpha ETF (JSML), Vanguard U.S. Quality Factor ETF (VFQY), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and Royce Quant Small-Cap Quality Value ETF (SQLV). What guidance has CarGurus issued on next quarter's earnings? CarGurus updated its first quarter earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $0.17-$0.19 for the period, compared to the consensus earnings per share estimate of $0.12. The company issued revenue guidance of $195-$215 million, compared to the consensus revenue estimate of $285.18 million. What is Jason Trevisan's approval rating as CarGurus' CEO? 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. 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 $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 The Manufacturers Life Insurance Company (5.55%), ArrowMark Colorado Holdings LLC (5.28%), Morgan Stanley (5.14%), Durable Capital Partners LP (2.74%), Geode Capital Management LLC (1.50%) and Nomura Holdings Inc. (1.42%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, 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. View institutional ownership trends. How do I buy shares of CarGurus? 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. Compare Top Brokerages Here. What is CarGurus' stock price today? One share of CARG stock can currently be purchased for approximately $18.27. How much money does CarGurus make? CarGurus (NASDAQ:CARG) has a market capitalization of $2.10 billion and generates $1.66 billion in revenue each year. The company earns $193.79 million in net income (profit) each year or ($0.28) on an earnings per share basis. How many employees does CarGurus have? The company employs 1,403 workers across the globe. How can I contact CarGurus? 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. This page (NASDAQ:CARG) was last updated on 3/28/2023 by MarketBeat.com Staff Get 30 Days of MarketBeat All Access Free Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: 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 from 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. 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