CarGurus Stock Forecast, Price & News

CarGurus (NASDAQ:CARG) Frequently Asked Questions

Is CarGurus a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 hold rating and 8 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CarGurus stock.
View analyst ratings for CarGurus or view top-rated stocks.

How has CarGurus' stock price been impacted by Coronavirus (COVID-19)?

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CARG shares have increased by 45.4% and is now trading at $29.96.
View which stocks have been most impacted by COVID-19.

Are investors shorting CarGurus?

CarGurus saw a increase in short interest during the month of December. As of December 31st, there was short interest totaling 7,830,000 shares, an increase of 43.4% from the December 15th total of 5,460,000 shares. Based on an average daily trading volume, of 1,090,000 shares, the days-to-cover ratio is presently 7.2 days. Currently, 9.2% of the shares of the stock are sold short.
View CarGurus' Short Interest.

When is CarGurus' next earnings date?

CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, February 10th 2022.
View our earnings forecast for CarGurus.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) released its quarterly earnings results on Monday, November, 8th. The company reported $0.38 EPS for the quarter, beating the Zacks' consensus estimate of $0.19 by $0.19. The firm earned $222.92 million during the quarter, compared to analysts' expectations of $215.32 million. CarGurus had a net margin of 13.72% and a trailing twelve-month return on equity of 24.54%. During the same period in the previous year, the company earned $0.30 EPS.
View CarGurus' earnings history.

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

CarGurus updated its fourth quarter 2021 earnings guidance on Tuesday, December, 7th. The company provided earnings per share guidance of $0.280-$0.300 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.310. The company issued revenue guidance of $273 million-$285 million, compared to the consensus revenue estimate of $222.32 million.

What price target have analysts set for CARG?

9 brokerages have issued 12 month price targets for CarGurus' shares. Their forecasts range from $38.00 to $63.00. On average, they expect CarGurus' share price to reach $45.11 in the next year. This suggests a possible upside of 50.6% 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:

• Jason Trevisan, Chief Executive Officer & Director
• Samuel Zales, President & Chief Operating Officer (LinkedIn Profile)
• Scot Fredo, Chief Financial Officer & Treasurer
• Matt Quinn, Chief Technology Officer
• Tom Caputo, Chief Product Officer

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?

Some companies that are related to CarGurus include Zendesk (ZEN), Bilibili (BILI), Toast (TOST), Clarivate (CLVT), Zynga (ZNGA), GoodRx (GDRX), Globant (GLOB), Five9 (FIVN), Pegasystems (PEGA), DXC Technology (DXC), TELUS International (Cda) (TIXT), PagSeguro Digital (PAGS), Playtika (PLTK), ironSource (IS) and Change Healthcare (CHNG).
View all of CARG's 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 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 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 number of retail and institutional investors. Top institutional investors include Boston Trust Walden Corp (0.50%), U.S. Capital Wealth Advisors LLC (0.34%), Nordea Investment Management AB (0.20%), Russell Investments Group Ltd. (0.03%), Baillie Gifford & Co. (0.02%) and Sciencast Management LP (0.01%). Company insiders that own CarGurus 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, Scott T Mikuen, Thomas Michael Caputo and Yann Bruno Gellot.
View institutional ownership trends for CarGurus.

Which major investors are selling CarGurus stock?

CARG stock was sold by a variety of institutional investors in the last quarter, including U.S. Capital Wealth Advisors LLC, and Nordea Investment Management AB. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Andrea Lee Eldridge, George M Lynch, John G Connors, Kathleen Bender Patton, Langley Steinert, Larry M Hutchison, Peter Maag, Samuel Zales, Sarah Amory Welch, Scott T Mikuen, Thomas Michael Caputo, and Yann Bruno Gellot.
View insider buying and selling activity for CarGurus or view top insider-selling stocks.

Which major investors are buying CarGurus stock?

CARG stock was acquired by a variety of institutional investors in the last quarter, including Boston Trust Walden Corp, Russell Investments Group Ltd., Baillie Gifford & Co., and Sciencast Management LP.
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.
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What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $29.96.

How much money does CarGurus make?

CarGurus has a market capitalization of $3.53 billion and generates $551.45 million in revenue each year. The company earns $77.55 million in net income (profit) each year or $0.88 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].