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. Since then, CARG shares have increased by 34.6% and is now trading at $27.73.
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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) announced its earnings results on Thursday, August, 6th. The company reported $0.19 EPS for the quarter, beating analysts' consensus estimates of $0.01 by $0.18. The firm had revenue of $94.70 million for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share.
View CarGurus' earnings history.

CarGurus updated its FY20 earnings guidance on Thursday, August, 6th. The company provided 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 brokerages have issued 1 year price targets for CarGurus' stock. Their forecasts range from $23.00 to $35.00. On average, they expect CarGurus' stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 7.0% from the stock's current price.
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Media stories about CARG stock have trended negative on Wednesday, according to InfoTrie Sentiment. The research firm ranks the sentiment of news coverage by analyzing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. CarGurus earned a media sentiment score of -2.2 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 10.0 out of 10, indicating that recent news coverage is extremely likely to have an effect on the company's share price in the near future.
View the latest news about CarGurus.

CarGurus saw a decrease in short interest in the month of January. As of January 31st, there was short interest totaling 8,670,000 shares, a decrease of 24.4% from the January 15th total of 11,470,000 shares. Based on an average daily trading volume, of 901,900 shares, the short-interest ratio is currently 9.6 days. Currently, 10.7% of the shares of the company are sold short.
View CarGurus' Short Interest.

Some companies that are related to CarGurus include PagSeguro Digital (PAGS), Clarivate Analytics (CCC), Autohome (ATHM), Zendesk (ZEN), Pegasystems (PEGA), Zynga (ZNGA), Five9 (FIVN), Globant (GLOB), YY (YY), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), Inovalon (INOV) and LiveRamp (RAMP).
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Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Micron Technology (MU), Roku (ROKU), Twilio (TWLO), salesforce.com (CRM), Netflix (NFLX), Tesla (TSLA), Shopify (SHOP), Bank of America (BAC), Trade Desk (TTD) and AMC Entertainment (AMC).

(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 served 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 institutional and retail investors. Top institutional shareholders include Telemark Asset Management LLC (0.31%), Fort Washington Investment Advisors Inc. OH (0.30%), Raymond James & Associates (0.29%), Kornitzer Capital Management Inc. KS (0.20%), Gluskin Sheff & Assoc Inc. (0.18%) and Swiss National Bank (0.16%). 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., Fort Washington Investment Advisors Inc. OH, Aigen Investment Management LP, Trexquant Investment LP, UBS Group AG, and SG Americas Securities 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 purchased by a variety of institutional investors in the last quarter, including Raymond James & Associates, MERIAN GLOBAL INVESTORS UK Ltd, Kornitzer Capital Management Inc. KS, WINTON GROUP Ltd, Russell Investments Group Ltd., Swiss National Bank, ProShare Advisors LLC, and NN Investment Partners Holdings N.V..
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 $27.73.

CarGurus has a market capitalization of $3.12 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]