CarGurus Stock Forecast, Price & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CARG shares have increased by 21.8% and is now trading at $25.0850.
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11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 5 hold ratings and 6 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 Thursday, February 11th 2021.
View our earnings forecast for CarGurus.

CarGurus, Inc. (NASDAQ:CARG) issued its quarterly earnings data on Thursday, November, 5th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.22 by $0.15. The business had revenue of $147.50 million for the quarter, compared to analyst estimates of $135.93 million. CarGurus had a net margin of 11.75% and a return on equity of 24.71%. CarGurus's revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.14 earnings per share.
View CarGurus' earnings history.

CarGurus issued an update on its fourth quarter earnings guidance on Thursday, November, 5th. The company provided earnings per share (EPS) guidance of $0.26-0.28 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.09. The company issued revenue guidance of $146.1-149.1 million, compared to the consensus revenue estimate of $138.48 million.

11 equities research analysts have issued 12 month target prices for CarGurus' shares. Their forecasts range from $25.00 to $35.00. On average, they anticipate CarGurus' stock price to reach $29.90 in the next year. This suggests a possible upside of 19.2% from the stock's current price.
View analysts' price targets for CarGurus.

CarGurus saw a decline in short interest during the month of November. As of November 15th, there was short interest totaling 10,440,000 shares, a decline of 18.2% from the October 31st total of 12,760,000 shares. Based on an average daily volume of 1,470,000 shares, the short-interest ratio is presently 7.1 days. Currently, 12.9% of the shares of the company are short sold.
View CarGurus' Short Interest.

Some companies that are related to CarGurus include Autohome (ATHM), Pegasystems (PEGA), Five9 (FIVN), Zynga (ZNGA), JOYY (YY), Globant (GLOB), DXC Technology (DXC), Proofpoint (PFPT), CoreLogic (CLGX), Change Healthcare (CHNG), LiveRamp (RAMP), Upwork (UPWK), Perspecta (PRSP), Inovalon (INOV) and EVERTEC (EVTC).
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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).

(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 a variety of institutional and retail investors. Top institutional shareholders include The Manufacturers Life Insurance Company (6.89%), BlackRock Inc. (6.55%), Dragoneer Investment Group LLC (5.57%), Durable Capital Partners LP (4.79%), HMI Capital LLC (4.55%) and Spinnaker Capital LLC (2.95%). Company insiders that own CarGurus stock include Anastasios Parafestas, Ian G Smith, Jason Trevisan, Kathleen Bender Patton, Langley Steinert, Oliver Ian Chrzan, Samuel Zales, Sarah Amory Welch 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 HMI Capital LLC, Durable Capital Partners LP, Morgan Stanley, The Manufacturers Life Insurance Company, Allen Investment Management LLC, CI Investments Inc., Arrowstreet Capital Limited Partnership, and Telemark Asset Management LLC. Company insiders that have sold CarGurus company stock in the last year include 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 BlackRock Inc., Polar Asset Management Partners Inc., Dragoneer Investment Group LLC, Wishbone Management LP, Victory Capital Management Inc., SG Americas Securities LLC, Cubist Systematic Strategies LLC, and JPMorgan Chase & Co..
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 $25.09.

CarGurus has a market capitalization of $2.84 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 921 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]