NASDAQ:CARG

CarGurus Stock Forecast, Price & News

$25.28
+0.14 (+0.56 %)
(As of 04/16/2021 04:00 PM ET)
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Today's Range
$24.79
Now: $25.28
$25.31
50-Day Range
$23.21
MA: $24.87
$27.30
52-Week Range
$17.88
Now: $25.28
$36.54
Volume598,945 shs
Average Volume1.23 million shs
Market Capitalization$2.95 billion
P/E Ratio43.59
Dividend YieldN/A
Beta1.99
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.
CarGurus logo

Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
Current SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068
Employees827
Year FoundedN/A

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$588.92 million
Cash Flow$0.42 per share
Book Value$2.29 per share

Profitability

Net Income$42.15 million

Miscellaneous

Market Cap$2.95 billion
Next Earnings Date5/6/2021 (Estimated)
OptionableOptionable

Headlines

Raymond James Upgrades CarGurus (NASDAQ:CARG) to Outperform
April 14, 2021 |  americanbankingnews.com
CarGurus (NASDAQ:CARG) Stock Rating Upgraded by Raymond James
April 8, 2021 |  americanbankingnews.com
Is CARG Stock A Buy or Sell? - Yahoo Finance
April 7, 2021 |  finance.yahoo.com
Is CARG Stock A Buy or Sell?
April 7, 2021 |  finance.yahoo.com
See More Headlines

MarketRank

Overall MarketRank

2.06 out of 5 stars

Auto/Tires/Trucks Sector

13th out of 148 stocks

Data Processing & Preparation Industry

4th out of 100 stocks

Analyst Opinion: 4.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.7Valuation: 1.9 5 -4 -3 -2 -1 -
$25.28
+0.14 (+0.56 %)
(As of 04/16/2021 04:00 PM ET)
30 days | 90 days | 365 days | Advanced Chart

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CarGurus (NASDAQ:CARG) Frequently Asked Questions

Is CarGurus a buy right now?

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 6 hold ratings and 7 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 short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but CarGurus wasn't one of them. MarketBeat thinks these five stocks 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, May 6th 2021.
View our earnings forecast for CarGurus
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings data on Wednesday, February, 10th. The company reported $0.32 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.19 by $0.13. The firm earned $151.55 million during the quarter, compared to the consensus estimate of $148.63 million. CarGurus had a trailing twelve-month return on equity of 24.71% and a net margin of 11.75%.
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 (WHO). Since then, CARG shares have increased by 22.7% and is now trading at $25.28.
View which stocks have been most impacted by COVID-19
.

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

CarGurus updated its first quarter 2021 After-Hours earnings guidance on Thursday, February, 11th. The company provided earnings per share guidance of 0.21-0.23 for the period, compared to the Thomson Reuters consensus estimate of $0.23. The company issued revenue guidance of $156-160 million, compared to the consensus revenue estimate of $154.62 million.

What price target have analysts set for CARG?

13 Wall Street analysts have issued 1-year price targets for CarGurus' shares. Their forecasts range from $25.00 to $40.00. On average, they anticipate CarGurus' share price to reach $32.42 in the next year. This suggests a possible upside of 28.2% 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 $57.33k)
  • Mr. Jason M. Trevisan, CEO & Director (Age 46, Pay $645.66k)
  • Mr. Samuel Zales, COO & Pres (Age 57, Pay $638.33k)
  • Mr. Kyle Lomeli, Chief Technology Officer (Age 42, Pay $475.22k)
  • Ms. Sarah Welch, Chief Marketing Officer (Age 49, Pay $525.29k)
  • Mr. Scot Christopher Fredo, CFO & Treasurer (Age 52)
  • Mr. Yann Bruno Gellot, Principal Accounting Officer (Age 49)
  • Mr. Rodney Nelson, Director of Investor Relations
  • Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 54)
  • Ms. Wendy Harris, Sr. VP of Sales & MD of UK

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 (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."

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 $25.28.

How much money does CarGurus make?

CarGurus has a market capitalization of $2.95 billion and generates $588.92 million in revenue each year. The company earns $42.15 million in net income (profit) each year or $0.38 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 4/16/2021 by MarketBeat.com Staff
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