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NASDAQ:CARGCarGurus Stock Price, Forecast & News

$27.97
-0.12 (-0.43 %)
(As of 08/14/2020 04:00 PM ET)
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Compare
Today's Range
$27.77
Now: $27.97
$28.37
50-Day Range
$23.62
MA: $26.60
$31.80
52-Week Range
$14.25
Now: $27.97
$40.91
Volume544,387 shs
Average Volume1.78 million shs
Market Capitalization$3.15 billion
P/E Ratio73.61
Dividend YieldN/A
Beta2.04
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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CarGurus logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.53 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$0.53 per share
Book Value$2.63 per share

Profitability

Net Income$42.15 million

Miscellaneous

Employees732
Market Cap$3.15 billion
Next Earnings Date11/3/2020 (Estimated)
OptionableOptionable
$27.97
-0.12 (-0.43 %)
(As of 08/14/2020 04:00 PM 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 (WHO). Since then, CARG shares have increased by 35.8% and is now trading at $27.97.
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) issued its quarterly earnings data on Thursday, August, 6th. The company reported $0.19 EPS for the quarter, topping analysts' consensus estimates of $0.01 by $0.18. The firm earned $94.70 million during the quarter, compared to the consensus estimate of $86.55 million. CarGurus had a return on equity of 18.56% and a net margin of 7.73%. CarGurus's revenue was down 34.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.10 earnings per share.
View CarGurus' earnings history
.

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

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 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 brokers have issued twelve-month price objectives for CarGurus' stock. Their forecasts range from $23.00 to $35.00. On average, they anticipate CarGurus' stock price to reach $29.67 in the next twelve months. This suggests a possible upside of 6.1% from the stock's current price.
View analysts' price targets for CarGurus
.

Has CarGurus been receiving favorable news coverage?

Media stories about CARG stock have trended somewhat negative on Friday, InfoTrie Sentiment Analysis reports. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to five, with scores nearest to five being the most favorable. CarGurus earned a media sentiment score of -1.8 on InfoTrie's scale. They also assigned news articles about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an effect on the company's share price in the immediate future.
View the latest news about CarGurus
.

Are investors shorting CarGurus?

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

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 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).

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 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.

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 investors include Vanguard Group Inc. (6.87%), FMR LLC (3.06%), StackLine Partners LP (0.86%), Goldman Sachs Group Inc. (0.61%), Bank of America Corp DE (0.49%) and Par Capital Management Inc. (0.36%). 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 institutional 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, Fort Washington Investment Advisors Inc. OH, Holocene Advisors LP, Blair William & Co. IL, and Aigen Investment Management LP. 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 institutional investors are buying CarGurus stock?

CARG stock was acquired by a variety of institutional investors in the last quarter, including FMR LLC, StackLine Partners LP, Vanguard Group Inc., Goldman Sachs Group Inc., Par Capital Management Inc., Nordea Investment Management AB, Brookfield Asset Management Inc., and Tudor Investment Corp Et Al.
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 $27.97.

How big of a company is CarGurus?

CarGurus has a market capitalization of $3.15 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 8/14/2020 by MarketBeat.com Staff

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