S&P 500   4,305.20 (+0.19%)
DOW   34,152.01 (+0.71%)
QQQ   332.28 (-0.23%)
AAPL   173.03 (-0.09%)
MSFT   292.71 (-0.26%)
META   179.47 (-0.79%)
GOOGL   121.70 (-0.31%)
AMZN   144.78 (+1.12%)
TSLA   919.69 (-0.89%)
NVDA   188.79 (-0.80%)
NIO   20.91 (-1.83%)
BABA   92.65 (-1.65%)
AMD   100.20 (-0.80%)
MU   63.86 (-1.30%)
T   18.57 (+0.98%)
CGC   3.78 (-1.05%)
F   16.43 (+0.67%)
GE   81.07 (+1.58%)
DIS   124.96 (+0.56%)
AMC   24.81 (+2.48%)
PYPL   102.08 (+0.56%)
PFE   49.86 (+0.22%)
NFLX   245.69 (-1.37%)
S&P 500   4,305.20 (+0.19%)
DOW   34,152.01 (+0.71%)
QQQ   332.28 (-0.23%)
AAPL   173.03 (-0.09%)
MSFT   292.71 (-0.26%)
META   179.47 (-0.79%)
GOOGL   121.70 (-0.31%)
AMZN   144.78 (+1.12%)
TSLA   919.69 (-0.89%)
NVDA   188.79 (-0.80%)
NIO   20.91 (-1.83%)
BABA   92.65 (-1.65%)
AMD   100.20 (-0.80%)
MU   63.86 (-1.30%)
T   18.57 (+0.98%)
CGC   3.78 (-1.05%)
F   16.43 (+0.67%)
GE   81.07 (+1.58%)
DIS   124.96 (+0.56%)
AMC   24.81 (+2.48%)
PYPL   102.08 (+0.56%)
PFE   49.86 (+0.22%)
NFLX   245.69 (-1.37%)
S&P 500   4,305.20 (+0.19%)
DOW   34,152.01 (+0.71%)
QQQ   332.28 (-0.23%)
AAPL   173.03 (-0.09%)
MSFT   292.71 (-0.26%)
META   179.47 (-0.79%)
GOOGL   121.70 (-0.31%)
AMZN   144.78 (+1.12%)
TSLA   919.69 (-0.89%)
NVDA   188.79 (-0.80%)
NIO   20.91 (-1.83%)
BABA   92.65 (-1.65%)
AMD   100.20 (-0.80%)
MU   63.86 (-1.30%)
T   18.57 (+0.98%)
CGC   3.78 (-1.05%)
F   16.43 (+0.67%)
GE   81.07 (+1.58%)
DIS   124.96 (+0.56%)
AMC   24.81 (+2.48%)
PYPL   102.08 (+0.56%)
PFE   49.86 (+0.22%)
NFLX   245.69 (-1.37%)
S&P 500   4,305.20 (+0.19%)
DOW   34,152.01 (+0.71%)
QQQ   332.28 (-0.23%)
AAPL   173.03 (-0.09%)
MSFT   292.71 (-0.26%)
META   179.47 (-0.79%)
GOOGL   121.70 (-0.31%)
AMZN   144.78 (+1.12%)
TSLA   919.69 (-0.89%)
NVDA   188.79 (-0.80%)
NIO   20.91 (-1.83%)
BABA   92.65 (-1.65%)
AMD   100.20 (-0.80%)
MU   63.86 (-1.30%)
T   18.57 (+0.98%)
CGC   3.78 (-1.05%)
F   16.43 (+0.67%)
GE   81.07 (+1.58%)
DIS   124.96 (+0.56%)
AMC   24.81 (+2.48%)
PYPL   102.08 (+0.56%)
PFE   49.86 (+0.22%)
NFLX   245.69 (-1.37%)
NASDAQ:CARG

CarGurus - CARG Stock Forecast, Price & News

$20.76
+0.36 (+1.76%)
(As of 08/16/2022 05:26 PM ET)
Add
Compare
Today's Range
$19.86
$21.32
50-Day Range
$19.16
$25.72
52-Week Range
$19.05
$50.03
Volume
3.87 million shs
Average Volume
1.23 million shs
Market Capitalization
$2.46 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$35.00

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
68.8% Upside
$35.00 Price Target
Short Interest
Bearish
7.79% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.07mentions of CarGurus in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$467,246 Sold Last Quarter
Proj. Earnings Growth
50.85%
From $0.59 to $0.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.31 out of 5 stars

Auto/Tires/Trucks Sector

38th out of 111 stocks

Data Processing & Preparation Industry

33rd out of 74 stocks

CARG stock logo

About CarGurus (NASDAQ:CARG) Stock

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 Price Performance

Shares of CARG traded up $0.36 during mid-day trading on Tuesday, hitting $20.76. 3,860,606 shares of the company's stock were exchanged, compared to its average volume of 1,228,536. The company has a market cap of $2.46 billion, a PE ratio of -19.95, a P/E/G ratio of 2.63 and a beta of 1.56. CarGurus has a 52 week low of $19.05 and a 52 week high of $50.03. The company has a 50-day simple moving average of $23.04 and a 200 day simple moving average of $31.14.

CarGurus (NASDAQ:CARG - Get Rating) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. The company had revenue of $511.20 million during the quarter, compared to analysts' expectations of $507.31 million. CarGurus had a negative net margin of 0.90% and a positive return on equity of 20.37%. The business's quarterly revenue was up 134.7% on a year-over-year basis. During the same period last year, the business earned $0.29 EPS. On average, analysts anticipate that CarGurus will post 0.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Royal Bank of Canada cut their target price on shares of CarGurus from $45.00 to $35.00 and set an "outperform" rating on the stock in a research report on Tuesday, August 9th. BTIG Research lowered their price target on CarGurus to $30.00 in a research note on Monday. JMP Securities assumed coverage on CarGurus in a research note on Thursday, June 30th. They issued a "market perform" rating for the company. Truist Financial lowered their price target on CarGurus from $44.00 to $38.00 and set a "buy" rating for the company in a research note on Tuesday, August 9th. Finally, Needham & Company LLC lowered their price target on CarGurus from $32.00 to $27.00 and set a "buy" rating for the company in a research note on Tuesday, August 9th. Three analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $35.00.

Insider Transactions at CarGurus

In other news, COO Samuel Zales sold 17,707 shares of the firm's stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $25.02, for a total transaction of $443,029.14. Following the completion of the transaction, the chief operating officer now directly owns 392,587 shares of the company's stock, valued at approximately $9,822,526.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 14.80% of the company's stock.

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.

CARG Stock News Headlines

CarGurus (NASDAQ:CARG) Price Target Cut to $38.00
CarGurus (NASDAQ:CARG) PT Lowered to $38.00
Recap: CarGurus Q2 Earnings
CarGurus, Inc. (CARG) Q2 2022 Earnings Call Transcript
CarGurus: Q2 Earnings Snapshot - Greenwich Time
See More Headlines
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.

CARG Company Calendar

Last Earnings
8/08/2022
Today
8/16/2022
Next Earnings (Estimated)
11/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:CARG
Fax
N/A
Employees
1,203
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$35.00
High Stock Price Forecast
$45.00
Low Stock Price Forecast
$27.00
Forecasted Upside/Downside
+68.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
12 Analysts

Profitability

Net Income
$-150,000.00
Pretax Margin
8.96%

Debt

Sales & Book Value

Annual Sales
$951.37 million
Cash Flow
$1.55 per share
Book Value
$4.39 per share

Miscellaneous

Free Float
101,122,000
Market Cap
$2.46 billion
Optionable
Optionable
Beta
1.56














CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

12 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CARG shares.
View CARG analyst ratings
or view top-rated stocks.

What is CarGurus' stock price forecast for 2022?

12 brokers have issued 12 month price objectives for CarGurus' shares. Their CARG share price forecasts range from $27.00 to $45.00. On average, they anticipate the company's share price to reach $35.00 in the next twelve months. This suggests a possible upside of 71.6% 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 2022?

CarGurus' stock was trading at $33.64 at the beginning of 2022. Since then, CARG shares have decreased by 39.4% and is now trading at $20.40.
View the best growth stocks for 2022 here
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 8th 2022.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) released its quarterly earnings results on Monday, August, 8th. The company reported $0.32 EPS for the quarter, topping analysts' consensus estimates of $0.31 by $0.01. The firm had revenue of $511.20 million for the quarter, compared to analyst estimates of $507.31 million. CarGurus had a negative net margin of 0.90% and a positive trailing twelve-month return on equity of 20.37%. The company's revenue for the quarter was up 134.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.29 earnings per share.

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

CarGurus issued an update on its third quarter 2022 earnings guidance on Monday, August, 15th. The company provided EPS guidance of $0.25-$0.28 for the period, compared to the consensus earnings per share estimate of $0.33. The company issued revenue guidance of $460.00 million-$490.00 million, compared to the consensus revenue estimate of $554.61 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 (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 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 many different institutional and retail investors. Top institutional investors include Anchor Capital Advisors LLC (1.80%), State Street Corp (1.66%), FMR LLC (1.25%), Provident Investment Management Inc. (1.25%), Loomis Sayles & Co. L P (0.92%) and Northern Trust Corp (0.80%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, Ian G Smith, 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 $20.40.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $2.42 billion and generates $951.37 million in revenue each year. The company earns $-150,000.00 in net income (profit) each year or ($1.06) 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 8/16/2022 by MarketBeat.com Staff

MarketBeat Resources

Premium Research Tools

MarketBeat All Access subscribers can access stock screeners, the Idea Engine, data export tools, research reports, and other premium tools.

Discover All Access

Market Data and Calendars

Looking for new stock ideas? Want to see which stocks are moving? View our full suite of financial calendars and market data tables, all for free.

View Market Data

Investing Education and Resources

Receive a free world-class investing education from MarketBeat. Learn about financial terms, types of investments, trading strategies and more.

Financial Terms
Details Here
MarketBeat - Stock Market News and Research Tools logo

MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Whether you’re looking for analyst ratings, corporate buybacks, dividends, earnings, economic reports, financials, insider trades, IPOs, SEC filings or stock splits, MarketBeat has the objective information you need to analyze any stock. Learn more about MarketBeat.

MarketBeat is accredited by the Better Business Bureau MarketBeat is rated as Great on TrustPilot

© American Consumer News, LLC dba MarketBeat® 2010-2022. All rights reserved.
326 E 8th St #105, Sioux Falls, SD 57103 | contact@marketbeat.com | (844) 978-6257
MarketBeat does not provide personalized financial advice and does not issue recommendations or offers to buy stock or sell any security.

Our Accessibility Statement | Terms of Service | Privacy Policy | Do Not Sell My Information | RSS Feeds

© 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart's disclaimer.