NASDAQ:CARGCarGurus Stock Price, Forecast & News

CarGurus' stock was trading at $20.60 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CARG stock has increased by 45.6% and is now trading at $29.99.
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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."
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CarGurus is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020.
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CarGurus Inc (NASDAQ:CARG) announced its quarterly earnings results on Thursday, August, 6th. The company reported $0.19 EPS for the quarter, topping the consensus estimate of $0.01 by $0.18. The company had revenue of $94.70 million for the quarter, compared to analyst estimates of $86.55 million. CarGurus had a net margin of 7.73% and a return on equity of 19.25%. The company's revenue was down 34.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 EPS.
View CarGurus' earnings history.

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

10 analysts have issued 1 year price targets 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 year. This suggests that the stock has a possible downside of 1.1%.
View analysts' price targets for CarGurus.

Media headlines about CARG stock have been trending negative recently, InfoTrie Sentiment Analysis reports. The research group scores the sentiment of media coverage by analyzing more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. CarGurus earned a media sentiment score of -2.5 on InfoTrie's scale. They also assigned media headlines about the company a news buzz of 0.0 out of 10, indicating that recent media coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about CarGurus.

Some companies that are related to CarGurus include StoneCo (STNE), PagSeguro Digital (PAGS), Clarivate Analytics (CCC), Autohome (ATHM), Zendesk (ZEN), Zynga (ZNGA), Pegasystems (PEGA), Five9 (FIVN), YY (YY), Globant (GLOB), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG) and Inovalon (INOV).
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Based on aggregate information from My MarketBeat watchlists, some companies that other CarGurus investors own include Netflix (NFLX), salesforce.com (CRM), Roku (ROKU), Twilio (TWLO), Alibaba Group (BABA), Micron Technology (MU), Shopify (SHOP), Trade Desk (TTD), AMC Entertainment (AMC) and NVIDIA (NVDA).

(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.

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

CarGurus' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Fort Washington Investment Advisors Inc. OH (0.30%), Raymond James & Associates (0.29%), Kornitzer Capital Management Inc. KS (0.20%), Swiss National Bank (0.16%), WINTON GROUP Ltd (0.09%) and New York State Common Retirement Fund (0.07%). 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 sold by a variety of institutional investors in the last quarter, including Fort Washington Investment Advisors Inc. OH, Trexquant Investment LP, UBS Group AG, and SG Americas Securities 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.

CARG stock was acquired by a variety of institutional investors in the last quarter, including Raymond James & Associates, MERIAN GLOBAL INVESTORS UK Ltd, Kornitzer Capital Management Inc. KS, WINTON GROUP Ltd, Russell Investments Group Ltd., Swiss National Bank, ProShare Advisors LLC, and NN Investment Partners Holdings N.V..
View insider buying and selling activity 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 $29.99.

CarGurus has a market capitalization of $3.38 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.

The official website for CarGurus is 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]