NASDAQ:CARGCarGurus Stock Price, Forecast & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization (WHO). Since then, CARG shares have increased by 33.0% and is now trading at $27.39. View which stocks have been most impacted by Coronavirus.

10 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 7 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for CarGurus.

CarGurus is scheduled to release its next quarterly earnings announcement on Tuesday, August 4th 2020. View our earnings forecast for CarGurus.

CarGurus Inc (NASDAQ:CARG) announced its quarterly earnings data on Thursday, May, 7th. The company reported $0.19 earnings per share for the quarter, topping analysts' consensus estimates of $0.07 by $0.12. The firm had revenue of $157.70 million for the quarter, compared to the consensus estimate of $150.06 million. CarGurus had a net margin of 6.91% and a return on equity of 16.97%. The business's revenue for the quarter was up 16.6% on a year-over-year basis. During the same period last year, the business posted $0.12 earnings per share. View CarGurus' earnings history.

10 Wall Street analysts have issued 1-year price targets for CarGurus' stock. Their forecasts range from $23.00 to $33.00. On average, they anticipate CarGurus' stock price to reach $29.13 in the next twelve months. This suggests a possible upside of 6.3% from the stock's current price. View analysts' price targets for CarGurus.

Headlines about CARG stock have been trending somewhat positive on Saturday, InfoTrie Sentiment reports. The research firm identifies positive and negative news coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CarGurus earned a coverage optimism score of 2.0 on InfoTrie's scale. They also assigned press coverage about the company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the immediate future. View the latest news aboutCarGurus.

CarGurus saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 6,700,000 shares, an increase of 28.1% from the April 30th total of 5,230,000 shares. Based on an average daily trading volume, of 2,510,000 shares, the days-to-cover ratio is currently 2.7 days. Approximately 8.0% of the company's stock are short sold. View CarGurus' Current Options Chain.

Some companies that are related to CarGurus include PagSeguro Digital (PAGS), Bilibili (BILI), StoneCo (STNE), Autohome (ATHM), Zendesk (ZEN), Zynga (ZNGA), Clarivate Analytics (CCC), Pegasystems (PEGA), Proofpoint (PFPT), Five9 (FIVN), YY (YY), Globant (GLOB), DXC Technology (DXC), Corelogic (CLGX) and LiveRamp (RAMP). View all competitors.

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Netflix (NFLX), salesforce.com (CRM), Roku (ROKU), Twilio (TWLO), Alibaba Group (BABA), Micron Technology (MU), Shopify (SHOP), Trade Desk (TTD), AMC Entertainment (AMC) and NVIDIA (NVDA).

(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 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 many different retail and institutional investors. Top institutional investors include The Manufacturers Life Insurance Company (6.42%), Wellington Management Group LLP (5.90%), BlackRock Inc. (5.02%), Matrix Capital Management Company LP (3.38%), Blacksheep Fund Management Ltd (1.40%) and State Street Corp (1.38%). 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 Matrix Capital Management Company LP, Clearbridge Investments LLC, Assenagon Asset Management S.A., BlackRock Inc., Two Sigma Investments LP, Telemark Asset Management LLC, Nuveen Asset Management LLC, and Crestwood Capital Management L.P.. 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 purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Healthcare of Ontario Pension Plan Trust Fund, Morgan Stanley, Morgan Stanley, Blacksheep Fund Management Ltd, Capital World Investors, JPMorgan Chase & Co., and Deutsche Bank AG. 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 $27.39.

CarGurus has a market capitalization of $3.09 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]