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NASDAQ:CARG

CarGurus Stock Forecast, Price & News

$23.33
-0.54 (-2.26 %)
(As of 09/18/2020 12:00 AM ET)
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Today's Range
$23.25
Now: $23.33
$24.52
50-Day Range
$22.99
MA: $26.30
$31.80
52-Week Range
$14.25
Now: $23.33
$40.91
Volume2.16 million shs
Average Volume1.71 million shs
Market Capitalization$2.64 billion
P/E Ratio61.40
Dividend YieldN/A
Beta1.85
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company was founded in 2005 and is headquartered in Cambridge, Massachusetts.
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Beat the Market (BTM) Rank

Analyst Opinion: 4.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.93 out of 5 stars


Industry, Sector and Symbol

Industry Data processing & preparation
Sub-IndustryN/A
Current SymbolNASDAQ:CARG
CUSIPN/A
Phone617-354-0068

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$588.92 million
Cash Flow$0.51 per share
Book Value$2.29 per share

Profitability

Net Income$42.15 million

Miscellaneous

Employees732
Market Cap$2.64 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$23.33
-0.54 (-2.26 %)
(As of 09/18/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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CarGurus (NASDAQ:CARG) Frequently Asked Questions

How has CarGurus' stock price been impacted by Coronavirus (COVID-19)?

CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CARG stock has increased by 13.3% and is now trading at $23.33.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of CarGurus?

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."
View analyst ratings for CarGurus
.

When is CarGurus' next earnings date?

CarGurus is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
View our earnings forecast for CarGurus
.

How were CarGurus' earnings last quarter?

CarGurus Inc (NASDAQ:CARG) posted its earnings results on Thursday, August, 6th. The company reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.01 by $0.18. The company had revenue of $94.70 million for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.10 EPS.
View CarGurus' earnings history
.

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

CarGurus issued an update on its FY20 earnings guidance on Thursday, August, 6th. The company provided earnings per share (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.

What price target have analysts set for CARG?

10 analysts have issued 12-month price objectives for CarGurus' shares. Their forecasts range from $23.00 to $35.00. On average, they anticipate CarGurus' share price to reach $29.67 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price.
View analysts' price targets for CarGurus
.

Who are some of CarGurus' key competitors?

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), Micron Technology (MU), Roku (ROKU), Netflix (NFLX), Tesla (TSLA), salesforce.com (CRM), Shopify (SHOP), Bank of America (BAC), Walt Disney (DIS) and NVIDIA (NVDA).

Who are CarGurus' key executives?

CarGurus' management team includes the following people:
  • Mr. E. Langley Steinert, Founder, Chairman & CEO (Age 55)
  • Mr. Samuel Zales, COO & Pres (Age 55)
  • Mr. Jason M. Trevisan, CFO & Treasurer (Age 44)
  • Ms. Kathleen Bender Patton, Gen. Counsel & Sec. (Age 52)
  • Mr. Thomas Caputo, Chief Product Officer (Age 45)

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 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.

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 retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.87%), Dragoneer Investment Group LLC (5.05%), FMR LLC (3.05%), ArrowMark Colorado Holdings LLC (1.20%), Two Sigma Advisers LP (0.99%) and StackLine Partners LP (0.86%). 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
.

Which major investors are selling CarGurus stock?

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., PDT Partners LLC, Nuveen Asset Management LLC, Fort Washington Investment Advisors Inc. OH, Holocene Advisors LP, and ArrowMark Colorado Holdings 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
.

Which major investors are buying CarGurus stock?

CARG stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, Dragoneer Investment Group LLC, StackLine Partners LP, Vanguard Group Inc., Goldman Sachs Group Inc., Par Capital Management Inc., Two Sigma Advisers LP, and No Street GP LP.
View insider buying and selling activity for CarGurus
.

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, Robinhood, Fidelity, and Charles Schwab.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $23.33.

How big of a company is CarGurus?

CarGurus has a market capitalization of $2.64 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.

What is CarGurus' official website?

The official website for CarGurus is www.cargurus.com.

How can I contact CarGurus?

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]

This page was last updated on 9/19/2020 by MarketBeat.com Staff

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