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NASDAQ:CARG - CarGurus Stock Price, Forecast & News

$27.77
-0.48 (-1.70 %)
(As of 02/21/2020 12:56 PM ET)
Today's Range
$27.74
Now: $27.77
$28.56
50-Day Range
$25.05
MA: $34.38
$38.06
52-Week Range
$24.80
Now: $27.77
$45.25
Volume42,151 shs
Average Volume2.11 million shs
Market Capitalization$3.11 billion
P/E Ratio75.05
Dividend YieldN/A
Beta1.88
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. Read More…

Industry, Sector and Symbol

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

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$588.92 million
Cash Flow$0.67 per share
Book Value$1.76 per share

Profitability

Net Income$42.15 million

Miscellaneous

Employees732
Market Cap$3.11 billion
Next Earnings Date5/14/2020 (Estimated)
OptionableOptionable

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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 Inc (NASDAQ:CARG) issued its quarterly earnings data on Thursday, February, 13th. The company reported $0.17 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.03. The business had revenue of $158.15 million for the quarter, compared to analysts' expectations of $154.80 million. CarGurus had a return on equity of 18.28% and a net margin of 7.16%. View CarGurus' Earnings History.

When is CarGurus' next earnings date?

CarGurus is scheduled to release their next quarterly earnings announcement on Thursday, May 14th 2020. View Earnings Estimates for CarGurus.

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

CarGurus updated its FY20 earnings guidance on Thursday, February, 13th. The company provided earnings per share (EPS) guidance of $0.50-0.55 for the period, compared to the Thomson Reuters consensus estimate of $0.66. The company issued revenue guidance of $664-676 million, compared to the consensus revenue estimate of $706.15 million.

What price target have analysts set for CARG?

11 analysts have issued twelve-month price targets for CarGurus' shares. Their forecasts range from $34.00 to $55.00. On average, they anticipate CarGurus' stock price to reach $47.22 in the next year. This suggests a possible upside of 69.4% from the stock's current price. View Analyst Price Targets for CarGurus.

What is the consensus analysts' recommendation for CarGurus?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 3 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for CarGurus.

Has CarGurus been receiving favorable news coverage?

Headlines about CARG stock have trended negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. CarGurus earned a news sentiment score of -2.3 on InfoTrie's scale. They also gave news coverage about the company a news buzz of 0.0 out of 10, indicating that recent news coverage is extremely unlikely to have an impact on the company's share price in the near term. View News Stories for CarGurus.

Are investors shorting CarGurus?

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

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 Netflix (NFLX), Bank of America (BAC), Intelsat (I), Twilio (TWLO), Comcast (CMCSA), NVIDIA (NVDA), Roku (ROKU), Alibaba Group (BABA), Tesla (TSLA) and salesforce.com (CRM).

Who are CarGurus' key executives?

CarGurus' management team includes the folowing 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 (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.

Who are CarGurus' major shareholders?

CarGurus' stock is owned by a number of of institutional and retail investors. Top institutional shareholders include FMR LLC (8.26%), HMI Capital LLC (4.75%), Spinnaker Capital LLC (2.97%), Goldman Sachs Group Inc. (2.74%), State Street Corp (1.39%) and ArrowMark Colorado Holdings LLC (1.16%). 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 FMR LLC, Spinnaker Capital LLC, Massachusetts Financial Services Co. MA, Renaissance Technologies LLC, Bank of America Corp DE, Bollard Group LLC, MERIAN GLOBAL INVESTORS UK Ltd and 361 Capital 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 for CarGurus.

Which institutional investors are buying CarGurus stock?

CARG stock was acquired by a variety of institutional investors in the last quarter, including Goldman Sachs Group Inc., ArrowMark Colorado Holdings LLC, HMI Capital LLC, Dynamo Internacional Gestao DE Recursos LTDA., Assenagon Asset Management S.A., Ennismore Fund Management Ltd, Allen Investment Management LLC and CI Investments Inc.. View Insider Buying and Selling 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 $27.87.

How big of a company is CarGurus?

CarGurus has a market capitalization of $3.12 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.View Additional Information About CarGurus.

What is CarGurus' official website?

The official website for CarGurus is http://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]


MarketBeat Community Rating for CarGurus (NASDAQ CARG)

Community Ranking:  2.5 out of 5 (star star half star)
Outperform Votes:  413 (Vote Outperform)
Underperform Votes:  422 (Vote Underperform)
Total Votes:  835
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.
This page was last updated on 2/21/2020 by MarketBeat.com Staff

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