CarGurus - CARG Stock Forecast, Price & News

12 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CARG shares.
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12 equities research analysts have issued 1-year price targets for CarGurus' shares. Their CARG share price forecasts range from $11.50 to $43.00. On average, they expect the company's stock price to reach $22.79 in the next year. This suggests a possible upside of 29.1% from the stock's current price.
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CarGurus' stock was trading at $14.01 at the beginning of 2023. Since then, CARG stock has increased by 26.0% and is now trading at $17.65.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 28th 2023.
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CarGurus will be holding an earnings conference call on Tuesday, February 28th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13734788".

CarGurus, Inc. (NASDAQ:CARG) released its earnings results on Tuesday, November, 8th. The company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.03 by $0.23. The company had revenue of $426.45 million for the quarter, compared to analysts' expectations of $463.18 million. CarGurus had a trailing twelve-month return on equity of 20.56% and a net margin of 3.76%.

CarGurus updated its fourth quarter 2022 earnings guidance on Thursday, December, 8th. The company provided EPS guidance of $0.13-$0.16 for the period, compared to the consensus EPS estimate of $0.29. The company issued revenue guidance of $270.00 million-$300.00 million, compared to the consensus revenue estimate of $468.42 million.

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.

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 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 investors include Fort Washington Investment Advisors Inc. OH (0.76%), National Bank of Canada FI (0.06%), Strs Ohio (0.03%), Exchange Traded Concepts LLC (0.02%), Exchange Traded Concepts LLC (0.02%) and Ironwood Investment Management LLC (0.01%). 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.
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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.
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One share of CARG stock can currently be purchased for approximately $17.65.

CarGurus (NASDAQ:CARG) has a market capitalization of $2.10 billion and generates $951.37 million in revenue each year. The company earns $-150,000.00 in net income (profit) each year or ($1.16) on an earnings per share basis.

The company employs 1,203 workers across the globe.

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.