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. $18.32 +0.66 (+3.74%) (As of 02/2/2023 10:34 AM ET) Add Compare Share Share Today's Range$17.97▼$18.5350-Day Range$11.93▼$17.6652-Week Range$9.14▼$50.03Volume180,328 shsAverage Volume1.28 million shsMarket Capitalization$2.18 billionP/E RatioN/ADividend YieldN/APrice Target$22.79 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability CarGurus MarketRank™ ForecastAnalyst RatingModerate Buy2.67 Rating ScoreUpside/Downside14.5% Upside$20.95 Price TargetShort InterestBearish9.96% of Float Sold ShortDividend StrengthN/ASustainability-3.32Upright™ Environmental ScoreNews Sentiment0.63Based on 6 Articles This WeekInsider TradingN/AProj. Earnings Growth-36.36%From $0.44 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.1.83 out of 5 starsAuto/Tires/Trucks Sector74th out of 97 stocksData Processing & Preparation Industry52nd out of 71 stocks 3.3 Analyst's Opinion Consensus RatingCarGurus has received a consensus rating of Buy. The company's average rating score is 2.64, and is based on 7 buy ratings, 4 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $20.95, CarGurus has a forecasted upside of 14.5% from its current price of $18.30.Amount of Analyst CoverageCarGurus has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.0 Short Interest Percentage of Shares Shorted9.96% of the float of CarGurus has been sold short.Short Interest Ratio / Days to CoverCarGurus has a short interest ratio ("days to cover") of 4.9.Change versus previous monthShort interest in CarGurus has recently decreased by 1.98%, indicating that investor sentiment is improving. 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 3.1 News and Social Media Coverage News SentimentCarGurus has a news sentiment score of 0.63. 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 0.39 average news sentiment score of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 6 news articles for CarGurus this week, compared to 5 articles on an average week.Search Interest5 people have searched for CARG on MarketBeat in the last 30 days. This is an increase of 400% compared to the previous 30 days.MarketBeat FollowsOnly 4 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 0.0 Earnings and Valuation Earnings GrowthEarnings for CarGurus are expected to decrease by -36.36% in the coming year, from $0.44 to $0.28 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CarGurus is -15.78, 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 -15.78, 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 4.85. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCarGurus has a P/B Ratio of 4.17. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About CarGurus (NASDAQ:CARG) StockCargurus, Inc. engages in the provision of online auto shopping. The firm offers proprietary technology, search algorithms and data analytics to analyze new and used car listings. It operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services and other revenues from customers outside of the United States. 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 HeadlinesFebruary 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 ResultsFebruary 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 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 29, 2023 | americanbankingnews.comCarGurus, Inc. (NASDAQ:CARG) Receives Consensus Recommendation of "Moderate Buy" from AnalystsJanuary 25, 2023 | americanbankingnews.comCarGurus, Inc. (NASDAQ:CARG) Given Consensus Rating of "Moderate Buy" by AnalystsJanuary 25, 2023 | americanbankingnews.comBrokerages Set CarGurus, Inc. (NASDAQ:CARG) Price Target at $22.79February 2, 2023 | Investor Place Media (Ad)Cash Holders STILL Aren't Taking Steps to PrepareStocks are crashing... inflation is through the roof... multiple industries are getting hit hard... Americans are fearful of what might happen to their stock portfolios right now -- and who's to blame them? But former Wall Street money manager Louis Navellier says all it takes is being on the right side of this force driving the massive divide. Take action today and watch his exclusive presentation -- absolutely free of charge -- to see how you should be prepping for this phenomenon.January 24, 2023 | americanbankingnews.comShort Interest in CarGurus, Inc. (NASDAQ:CARG) Grows By 10.3%January 24, 2023 | americanbankingnews.comCarGurus, Inc. (NASDAQ:CARG) Short Interest Up 10.3% in DecemberJanuary 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 agoDecember 19, 2022 | marketwatch.comUsed-car Trading E-commerce Market by Product and Geography : Forecast and Analysis 2023 to 2028 with Top Countries DataDecember 8, 2022 | finance.yahoo.comCarGurus Shares Gain On Share Buyback Approval Up To $250MDecember 8, 2022 | finance.yahoo.comCarvana Stock Rebounds; CarGurus Shares JumpDecember 8, 2022 | finance.yahoo.comCarGurus Announces $250 Million Share Repurchase ProgramDecember 5, 2022 | msn.comCarGurus's Return On Capital Employed OverviewDecember 1, 2022 | finance.yahoo.comCarGurus November 2022 Intelligence Report Finds Used Cars Prices Continue to Decline; New Car Prices Begin to ModerateNovember 30, 2022 | finance.yahoo.comCarGurus Study Finds Dogs Are More Relaxed in Electric CarsNovember 29, 2022 | finance.yahoo.comHere’s Why Cove Street Capital Invested in CarGurus (CARG)November 28, 2022 | finance.yahoo.comCarGurus to Present at The Raymond James 2022 Technology Investors ConferenceNovember 14, 2022 | finance.yahoo.comAre Investors Undervaluing CarGurus (CARG) Right Now?See 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 Earnings11/08/2022Today2/02/2023Next Earnings (Confirmed)2/28/2023Fiscal 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/AEmployees1,203Year FoundedN/APrice Target and Rating Average Stock Price Forecast$20.95 High Stock Price Forecast$40.00 Low Stock Price Forecast$11.50 Forecasted Upside/Downside+24.4%Consensus RatingModerate Buy Rating Score (0-4)2.67 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)($1.16) Trailing P/E RatioN/A Forward P/E Ratio41.64 P/E Growth4.85Net Income$-150,000.00 Net Margins3.76% Pretax Margin7.22% Return on Equity20.56% Return on Assets10.74% Debt Debt-to-Equity RatioN/A Current Ratio4.06 Quick Ratio3.87 Sales & Book Value Annual Sales$951.37 million Price / Sales2.29 Cash Flow$1.56 per share Price / Cash Flow11.73 Book Value$4.39 per share Price / Book4.17Miscellaneous Outstanding Shares118,930,000Free Float101,333,000Market Cap$2.18 billion OptionableOptionable Beta1.57 Key ExecutivesJason TrevisanChief Executive Officer & DirectorSamuel ZalesPresident & Chief Operating OfficerScot FredoChief Financial Officer & TreasurerMatt QuinnChief Technology OfficerTom CaputoChief Product OfficerKey CompetitorsMullen AutomotiveNASDAQ:MULNMobileye GlobalNASDAQ:MBLYXPELNASDAQ:XPELEVgoNYSE:EVGOLuminar TechnologiesNASDAQ:LAZRView All CompetitorsInsiders & InstitutionsIronwood Investment Management LLCSold 1,419 shares on 1/31/2023Ownership: 0.009%Fort Washington Investment Advisors Inc. OHBought 276,610 shares on 1/30/2023Ownership: 0.760%Exchange Traded Concepts LLCBought 27,213 shares on 1/27/2023Ownership: 0.023%Strs OhioBought 31,700 shares on 1/26/2023Ownership: 0.034%National Bank of Canada FIBought 21,726 shares on 1/24/2023Ownership: 0.063%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 4 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 analysts have issued 12-month price objectives for CarGurus' shares. Their CARG share price forecasts range from $11.50 to $40.00. On average, they predict the company's share price to reach $20.95 in the next twelve months. This suggests a possible upside of 18.7% 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 at the beginning of 2023. Since then, CARG stock has increased by 26.1% and is now trading at $17.66. View the best growth stocks for 2023 here. When is CarGurus' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023. View our CARG earnings forecast. How can I listen to CarGurus' earnings call? CarGurus will be holding an earnings conference call on Tuesday, February 28th 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 "13734788". How were CarGurus' earnings last quarter? CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings data on Tuesday, November, 8th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.03 by $0.23. The company earned $426.45 million during the quarter, compared to analysts' expectations of $463.18 million. CarGurus had a net margin of 3.76% and a trailing twelve-month return on equity of 20.56%. What guidance has CarGurus issued on next quarter's earnings? CarGurus updated its fourth quarter 2022 earnings guidance on Thursday, December, 8th. The company provided earnings per share (EPS) guidance of $0.13-$0.16 for the period, compared to the consensus EPS estimate of $0.29. The company issued revenue guidance of $270.00 million-$300.00 million, compared to the consensus revenue estimate of $468.42 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 IPO 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 acted 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 number of retail and institutional investors. Top institutional investors include Fort Washington Investment Advisors Inc. OH (0.76%), National Bank of Canada FI (0.06%), Strs Ohio (0.03%), Exchange Traded Concepts LLC (0.02%), Exchange Traded Concepts LLC (0.02%) and Ironwood Investment Management LLC (0.01%). 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 $17.66. How much money does CarGurus make? CarGurus (NASDAQ:CARG) has a market capitalization of $2.10 billion and generates $951.37 million in revenue each year. The company earns $-150,000.00 in net income (profit) each year or ($1.16) on an earnings per share basis. How many employees does CarGurus have? The company employs 1,203 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 2/2/2023 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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