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NASDAQ:CARG

CarGurus - CARG Stock Forecast, Price & News

$18.09
-0.23 (-1.26%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$17.97
$18.42
50-Day Range
$15.81
$18.63
52-Week Range
$9.14
$45.68
Volume
662,459 shs
Average Volume
1.19 million shs
Market Capitalization
$2.08 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$20.82

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.55 Rating Score
Upside/​Downside
15.1% Upside
$20.82 Price Target
Short Interest
Healthy
11.24% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.65mentions of CarGurus in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
600.00%
From $0.04 to $0.28 Per Share

Overall MarketRank

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

2.19 out of 5 stars

Auto/Tires/Trucks Sector

39th out of 98 stocks

Data Processing & Preparation Industry

33rd out of 70 stocks


CARG stock logo

About CarGurus (NASDAQ:CARG) Stock

Cargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.

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CARG Stock News Headlines

A 100% Win Rate In 2022…
The next 10 minutes could change your life. We've recorded a special sit-down interview with a reclusive millionaire who details how he's closed out winning trade after winning trade throughout the volatility of 2022. In fact, he hasn't closed a single losing trade since 2016. Sounds impossible? It's not - and he'll prove it to you. pixel
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Why CarGurus Stock Raced Ahead 11% Today
Should You Buy CarGurus (CARG) Ahead of Earnings?
What Is the Cheapest Lotus?
Needham Reaffirms Their Buy Rating on CarGurus (CARG)
See More Headlines
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CARG Company Calendar

Last Earnings
2/28/2023
Today
3/28/2023
Next Earnings (Estimated)
5/08/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:CARG
Fax
N/A
Employees
1,403
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$20.82
High Stock Price Forecast
$37.00
Low Stock Price Forecast
$12.00
Forecasted Upside/Downside
+13.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.55
Research Coverage
11 Analysts

Profitability

Net Income
$193.79 million
Pretax Margin
6.73%

Debt

Sales & Book Value

Annual Sales
$1.66 billion
Cash Flow
$1.35 per share
Book Value
$6.24 per share

Miscellaneous

Free Float
97,868,000
Market Cap
$2.10 billion
Optionable
Optionable
Beta
1.57

Key Executives

  • Jason Trevisan
    Chief Executive Officer & Director
  • Samuel ZalesSamuel Zales
    President & Chief Operating Officer
  • Matt Quinn
    Chief Technology Officer
  • Kirndeep Singh
    Vice President & Head-Investor Relations
  • Tom Caputo
    Chief Product Officer













CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CARG shares.
View CARG analyst ratings
or view top-rated stocks.

What is CarGurus' stock price forecast for 2023?

11 brokerages have issued twelve-month target prices for CarGurus' shares. Their CARG share price forecasts range from $12.00 to $37.00. On average, they anticipate the company's share price to reach $20.82 in the next year. This suggests a possible upside of 13.9% 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 2023?

CarGurus' stock was trading at $14.01 on January 1st, 2023. Since then, CARG shares have increased by 30.4% and is now trading at $18.27.
View the best growth stocks for 2023 here
.

Are investors shorting CarGurus?

CarGurus saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 9,620,000 shares, a drop of 5.0% from the February 28th total of 10,130,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is presently 8.2 days. Currently, 11.2% of the company's shares are sold short.
View CarGurus' Short Interest
.

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our CARG earnings forecast
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) released its earnings results on Tuesday, February, 28th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.29. The company had revenue of $286.74 million for the quarter, compared to the consensus estimate of $279.28 million. CarGurus had a net margin of 11.71% and a trailing twelve-month return on equity of 20.16%.

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

CarGurus updated its first quarter earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $0.17-$0.19 for the period, compared to the consensus earnings per share estimate of $0.12. The company issued revenue guidance of $195-$215 million, compared to the consensus revenue estimate of $285.18 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 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 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 variety of institutional and retail investors. Top institutional shareholders include The Manufacturers Life Insurance Company (5.55%), ArrowMark Colorado Holdings LLC (5.28%), Morgan Stanley (5.14%), Durable Capital Partners LP (2.74%), Geode Capital Management LLC (1.50%) and Nomura Holdings Inc. (1.42%). Insiders that own company 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, 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 $18.27.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $2.10 billion and generates $1.66 billion in revenue each year. The company earns $193.79 million in net income (profit) each year or ($0.28) on an earnings per share basis.

How many employees does CarGurus have?

The company employs 1,403 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 3/28/2023 by MarketBeat.com Staff