CarGurus Stock Forecast, Price & News

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 stock has increased by 13.3% and is now trading at $23.33.
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10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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CarGurus is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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CarGurus Inc (NASDAQ:CARG) posted its earnings results on Thursday, August, 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.18. The company had revenue of $94.70 million for the quarter, compared to analysts' expectations of $86.55 million. CarGurus had a net margin of 7.73% and a return on equity of 18.56%. CarGurus's revenue for the quarter was down 34.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS.
View CarGurus' earnings history.

CarGurus issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided earnings per share (EPS) guidance of $0.66-0.69 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.44. The company issued revenue guidance of $518-524 million, compared to the consensus revenue estimate of $517.43 million.

10 analysts have issued 12-month price objectives for CarGurus' shares. Their forecasts range from $23.00 to $35.00. On average, they anticipate CarGurus' share price to reach $29.67 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
View analysts' price targets for CarGurus.

Some companies that are related to CarGurus include Pegasystems (PEGA), Zynga (ZNGA), Five9 (FIVN), Globant (GLOB), YY (YY), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), Inovalon (INOV), LiveRamp (RAMP), Evertec (EVTC), SciPlay (SCPL), Shutterstock (SSTK) and Upwork (UPWK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Twilio (TWLO), Micron Technology (MU), Roku (ROKU), Netflix (NFLX), Tesla (TSLA), salesforce.com (CRM), Shopify (SHOP), Bank of America (BAC), Walt Disney (DIS) and NVIDIA (NVDA).

(CARG) raised $132 million in an initial public offering 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.

CarGurus trades on the NASDAQ under the ticker symbol "CARG."

CarGurus' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.87%), Dragoneer Investment Group LLC (5.05%), FMR LLC (3.05%), ArrowMark Colorado Holdings LLC (1.20%), Two Sigma Advisers LP (0.99%) and StackLine Partners LP (0.86%). Company insiders that own CarGurus stock include Anastasios Parafestas, Argonaut 22 Llc, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Oliver Ian Chrzan, Samuel Zales, Sarah Amory Welch, Spinnaker Capital Llc, Stephen Kaufer, Steven Conine and Thomas Michael Caputo.
View institutional ownership trends for CarGurus.

CARG stock was sold by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Telemark Asset Management LLC, Gluskin Sheff & Assoc Inc., PDT Partners LLC, Nuveen Asset Management LLC, Fort Washington Investment Advisors Inc. OH, Holocene Advisors LP, and ArrowMark Colorado Holdings LLC. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Samuel Zales, Sarah Amory Welch, and Thomas Michael Caputo.
View insider buying and selling activity for CarGurus.

CARG stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Dragoneer Investment Group LLC, StackLine Partners LP, Vanguard Group Inc., Goldman Sachs Group Inc., Par Capital Management Inc., Two Sigma Advisers LP, and No Street GP LP.
View insider buying and selling activity for CarGurus.

Shares of CARG can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of CARG stock can currently be purchased for approximately $23.33.

CarGurus has a market capitalization of $2.64 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. CarGurus employs 732 workers across the globe.

The official website for CarGurus is www.cargurus.com.

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]