NASDAQ:CARG - CarGurus Stock Price, Forecast & News

CarGurus trades on the NASDAQ under the ticker symbol "CARG."

CarGurus Inc (NASDAQ:CARG) released its quarterly earnings results on Tuesday, November, 5th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $0.04 by $0.10. The business earned $150.50 million during the quarter, compared to analyst estimates of $147.99 million. CarGurus had a return on equity of 18.30% and a net margin of 7.44%. CarGurus's revenue for the quarter was up 26.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.08 earnings per share. View CarGurus' Earnings History.

CarGurus is scheduled to release their next quarterly earnings announcement on Thursday, February 13th 2020. View Earnings Estimates for CarGurus.

CarGurus will be holding an earnings conference call on Thursday, February 13th at 12:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at Not Available.

CarGurus updated its fourth quarter earnings guidance on Tuesday, November, 5th. The company provided earnings per share (EPS) guidance of $0.12-$0.13 for the period, compared to the Thomson Reuters consensus estimate of $0.14. The company issued revenue guidance of $152.2-$155.2 million, compared to the consensus revenue estimate of $154.05 million.

11 equities research analysts have issued twelve-month price objectives for CarGurus' shares. Their forecasts range from $42.00 to $54.00. On average, they expect CarGurus' share price to reach $49.89 in the next year. This suggests a possible upside of 38.1% from the stock's current price. View Analyst Price Targets for CarGurus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 2 hold ratings and 9 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CarGurus.

Press coverage about CARG stock has trended very positive this week, according to InfoTrie Sentiment Analysis. InfoTrie rates the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of public companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CarGurus earned a coverage optimism score of 3.3 on InfoTrie's scale. They also assigned news coverage about the company a news buzz of 2.0 out of 10, meaning that recent news coverage is very unlikely to have an effect on the company's share price in the immediate future. View News Stories for CarGurus.

CarGurus saw a decrease in short interest in the month of January. As of January 15th, there was short interest totalling 11,380,000 shares, a decrease of 5.2% from the December 31st total of 12,010,000 shares. Based on an average daily volume of 887,300 shares, the short-interest ratio is presently 12.8 days. Approximately 14.2% of the company's shares are short sold. View CarGurus' Current Options Chain.

Some companies that are related to CarGurus include StoneCo (STNE), PagSeguro Digital (PAGS), Autohome (ATHM), Zendesk (ZEN), DXC Technology (DXC), Proofpoint (PFPT), Pegasystems (PEGA), CHURCHILL CAP C/SH (CCC), Bilibili (BILI), Zynga (ZNGA), YY (YY), Globant (GLOB), Five9 (FIVN), Corelogic (CLGX) and Inovalon (INOV).

Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Netflix (NFLX), Bank of America (BAC), Intelsat (I), Twilio (TWLO), Comcast (CMCSA), Roku (ROKU), NVIDIA (NVDA), Tesla (TSLA), Alibaba Group (BABA) and salesforce.com (CRM).

(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' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include Assenagon Asset Management S.A. (0.49%), California Public Employees Retirement System (0.19%), Cerebellum GP LLC (0.01%), SG Americas Securities LLC (0.01%), Miles Capital Inc. (0.01%) and Zurcher Kantonalbank Zurich Cantonalbank (0.01%). 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 purchased by a variety of institutional investors in the last quarter, including Assenagon Asset Management S.A., California Public Employees Retirement System, Cerebellum GP LLC, Miles Capital Inc., SG Americas Securities LLC, Strs Ohio and Zurcher Kantonalbank Zurich Cantonalbank . View Insider Buying and Selling 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 $36.13.

CarGurus has a market capitalization of $4.04 billion and generates $454.09 million in revenue each year. The company earns $65.17 million in net income (profit) each year or $0.57 on an earnings per share basis. CarGurus employs 732 workers across the globe.View Additional Information About CarGurus.

The official website for CarGurus is http://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]