About CarGurus (NASDAQ:CARG)
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars worldwide. The company's marketplace enables users with third-party validation on pricing, dealer reputation, and other information. As of June 30, 2017, it had an active dealer network of approximately 40,000 dealers; and approximately 5.4 million car listings. The company was founded in 2005 and is headquartered in Cambridge, Massachusetts.
Industry, Sector and Symbol
Industry Data processing & preparation
Sub-IndustryN/A
SectorAuto/Tires/Trucks
SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068
Debt
Debt-to-Equity RatioN/A
Current Ratio3.66%
Quick Ratio3.66%
Price-To-Earnings
Trailing P/E RatioN/A
Forward P/E Ratio329.70
P/E Growth63.83
Sales & Book Value
Annual Sales$316.86 million
Price / Sales11.04
Cash Flow$0.1601 per share
Price / Cash205.99
Book Value$1.20 per share
Price / Book27.48
Profitability
EPS (Most Recent Fiscal Year)N/A
Net IncomeN/A
Net MarginsN/A
Return on EquityN/A
Return on AssetsN/A
Miscellaneous
Employees549
Outstanding Shares106,130,000
CarGurus (NASDAQ:CARG) Frequently Asked Questions
What is CarGurus' stock symbol?
CarGurus trades on the NASDAQ under the ticker symbol "CARG."
How were CarGurus' earnings last quarter?
CarGurus (NASDAQ:CARG) posted its quarterly earnings data on Thursday, March, 1st. The company reported $0.02 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.01 by $0.01. The firm earned $87.71 million during the quarter, compared to analyst estimates of $86.22 million. The company's quarterly revenue was up 197.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.27 earnings per share. View CarGurus' Earnings History.
What guidance has CarGurus issued on next quarter's earnings?
CarGurus updated its FY18 earnings guidance on Thursday, March, 1st. The company provided earnings per share guidance of $0.14-0.16 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.12. The company issued revenue guidance of $396-400 million, compared to the consensus revenue estimate of $383.42 million.CarGurus also updated its Q1 guidance to $0.01-0.02 EPS.
What price target have analysts set for CARG?
7 brokerages have issued twelve-month price targets for CarGurus' shares. Their forecasts range from $25.00 to $42.00. On average, they expect CarGurus' stock price to reach $35.50 in the next twelve months. View Analyst Ratings for CarGurus.
What are Wall Street analysts saying about CarGurus stock?
Here are some recent quotes from research analysts about CarGurus stock:
- 1. Benchmark Co. analysts commented, "We think CARG’s bull case is fairly straightforward. At all-in average monthly pricing ranging from 50-200% vs. competitors and the largest consumer audience measured by unique visitors, the Firm should be able to continue spinning the flywheel of increasing dealer penetration both from a count and wallet share perspective assuming lead volume continues to grow. Our dealer survey of 54 groups — including 3 of the top 15, 5 top 25, and a wide array of franchise and independent outfits—supports this thesis as ~80% expect to spend more on the platform over the next 12 months. Additionally, given that CarGurus is mathematically focused rather than relationship dependent, as ROI tools improve over time, the majority of the $3 billion that shifted to Google and Facebook over the last 5 years, along with the potential for another $3-4 billion to shift to digital channels over the next 5 years, could move to the leader in pure lead volume." (3/22/2018)
- 2. According to Zacks Investment Research, "CarGurus, Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. The company uses proprietary technology, search algorithms and data analytics. It operates primarily in Canada, the United Kingdom and Germany. CarGurus, Inc.is based in CAMBRIDGE, United States. " (3/6/2018)
Who are some of CarGurus' key competitors?
Some companies that are related to CarGurus include Autohome (ATHM), Proofpoint (PFPT), YY (YY), RingCentral (RNG), Zendesk (ZEN), DST Systems (DST), Pegasystems (PEGA), PagSeguro (PAGS), CoreLogic (CLGX), Bilibili (BILI), Zynga (ZNGA), Trivago (TRVG), Fang (SFUN), Longfin (LFIN) and Acxiom (ACXM).
Who are CarGurus' key executives?
CarGurus' management team includes the folowing people:
- Mr. E. Langley Steinert, Founder, Chairman, CEO & Pres (Age 54)
- Mr. Jason M. Trevisan, CFO, Principal Accounting Officer & Treasurer (Age 43)
- Mr. Samuel Zales, Chief Operating Officer (Age 54)
- Ms. Kathleen Bender Patton, Sr. VP, Gen. Counsel & Sec. (Age 51)
- Ms. Martha Blue, SVP Bus. Devel.
When did CarGurus IPO?
(CARG) raised $132 million in an 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.
When did the company's lock-up period expire?
CarGurus' lock-up period expired on Tuesday, April 10th. CarGurus had issued 9,400,000 shares in its public offering on October 12th. The total size of the offering was $150,400,000 based on an initial share price of $16.00. Shares of the company owned by major shareholders and company insiders are now eligible to be traded as a result of the end of the lock-up period.
Has CarGurus been receiving favorable news coverage?
News headlines about CARG stock have been trending somewhat positive on Tuesday, according to Accern Sentiment Analysis. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. CarGurus earned a news impact score of 0.08 on Accern's scale. They also assigned media headlines about the company an impact score of 46.25 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock's share price in the near term.
How do I buy shares of 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, Scottrade, Fidelity and Charles Schwab.
What is CarGurus' stock price today?
One share of CARG stock can currently be purchased for approximately $32.97.
How big of a company is CarGurus?
CarGurus has a market capitalization of $3.50 billion and generates $316.86 million in revenue each year. The company earns $13.19 million in net income (profit) each year or $0.12 on an earnings per share basis. CarGurus employs 549 workers across the globe.
How can I contact CarGurus?
CarGurus' mailing address is 2 CANAL PARK 4TH FLOOR, CAMBRIDGE MA, 02141. The company can be reached via phone at 617-354-0068 or via email at [email protected]
MarketBeat Community Rating for CarGurus (CARG)
MarketBeat's community ratings are surveys of what our community members think about CarGurus and other stocks. Vote "Outperform" if you believe CARG will outperform the S&P 500 over the long term. Vote "Underperform" if you believe CARG will underperform the S&P 500 over the long term. You may vote once every thirty days.
CarGurus (NASDAQ:CARG) Earnings History and Estimates Chart
CarGurus (NASDAQ:CARG) Earnings Estimates
2018 EPS Consensus Estimate: $0.14
2019 EPS Consensus Estimate: $0.18
| Quarter | Number of Estimates | Low Estimate | High Estimate | Average Estimate |
|---|
| Q1 2018 | 2 | $0.01 | $0.02 | $0.02 |
| Q2 2018 | 2 | $0.03 | $0.04 | $0.04 |
| Q3 2018 | 2 | $0.03 | $0.04 | $0.04 |
| Q4 2018 | 2 | $0.05 | $0.05 | $0.05 |
| Q1 2019 | 1 | $0.03 | $0.03 | $0.03 |
| Q2 2019 | 1 | $0.04 | $0.04 | $0.04 |
| Q3 2019 | 1 | $0.05 | $0.05 | $0.05 |
| Q4 2019 | 1 | $0.06 | $0.06 | $0.06 |
CarGurus (NASDAQ CARG) Earnings History by Quarter
| Date | Quarter | Consensus Estimate | Actual EPS | Revenue Estimate | Actual Revenue | Release Link | Conference Call | Details |
|---|
| 3/1/2018 | Q4 2017 | $0.01 | $0.02 | $86.22 million | $87.71 million | View | N/A |  |
| 11/14/2017 | Q3 2017 | | $0.02 | $79.23 million | $83.00 million | View | N/A | |
(Earnings results data provided by Zacks Investment Research)
CarGurus (NASDAQ:CARG) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
(Data available from 1/1/2013 forward)
CarGurus (NASDAQ CARG) Insider Trading and Institutional Ownership History
Institutional Ownership Percentage: 57.41%
CarGurus (NASDAQ CARG) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 4/20/2018 | Ian G Smith | Director | Sell | 5,300 | $32.66 | $173,098.00 | | |
| 4/20/2018 | Oliver Ian Chrzan | VP | Sell | 6,000 | $32.92 | $197,520.00 | | |
| 4/18/2018 | Ian G Smith | Director | Sell | 5,300 | $32.38 | $171,614.00 | | |
| 4/16/2018 | Ian G Smith | Director | Sell | 5,300 | $32.98 | $174,794.00 | | |
| 4/12/2018 | Thomas Michael Caputo | VP | Sell | 6,850 | $33.89 | $232,146.50 | | |
| 4/11/2018 | Ian G Smith | Director | Sell | 6,650 | $37.44 | $248,976.00 | | |
| 4/11/2018 | Samuel Zales | COO | Sell | 30,000 | $36.60 | $1,098,000.00 | | |
| 10/16/2017 | Argonaut 22 Llc | Major Shareholder | Sell | 1,523,000 | $14.88 | $22,662,240.00 | | |
| 10/16/2017 | David Lambert Parker | Director | Sell | 269,871 | $14.88 | $4,015,680.48 | | |
| 10/16/2017 | Langley Steinert | CEO | Sell | 3,390,524 | $14.88 | $50,450,997.12 | | |
| 10/16/2017 | Oliver Ian Chrzan | VP | Sell | 270,793 | $14.88 | $4,029,399.84 | | |
(Data available from 1/1/2013 forward)
CarGurus (NASDAQ CARG) News Headlines
| Source: |
|
CarGurus (NASDAQ:CARG) SEC Filings
This page is loading this company's SEC Filings. Please wait...
CarGurus (NASDAQ:CARG) Income Statement, Balance Sheet and Cash Flow Statement
CarGurus (NASDAQ CARG) Stock Chart for Tuesday, April, 24, 2018
Loading chart…
