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NASDAQ:CARG

CarGurus - CARG Stock Forecast, Price & News

$25.72
+0.03 (+0.12%)
(As of 08/8/2022 05:24 PM ET)
Add
Compare
Today's Range
$25.19
$26.43
50-Day Range
$21.20
$26.45
52-Week Range
$20.15
$50.03
Volume
2.56 million shs
Average Volume
1.17 million shs
Market Capitalization
$3.04 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$41.45

CarGurus MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.73 Rating Score
Upside/​Downside
88.4% Upside
$41.45 Price Target
Short Interest
Bearish
7.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-3.32
Upright™ Environmental Score
News Sentiment
0.45mentions of CarGurus in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$467,246 Sold Last Quarter
Proj. Earnings Growth
50.85%
From $0.59 to $0.89 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.18 out of 5 stars

Auto/Tires/Trucks Sector

52nd out of 131 stocks

Data Processing & Preparation Industry

39th out of 101 stocks

CARG stock logo

About CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. 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 operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

CarGurus Trading Up 1.5 %

Shares of CARG traded up $0.39 during trading hours on Friday, reaching $25.69. 854,671 shares of the stock traded hands, compared to its average volume of 724,070. CarGurus has a 52-week low of $20.15 and a 52-week high of $50.03. The company's 50-day moving average price is $23.60 and its two-hundred day moving average price is $31.52. The company has a market cap of $3.04 billion, a P/E ratio of -34.72, a price-to-earnings-growth ratio of 3.36 and a beta of 1.56.

CarGurus (NASDAQ:CARG - Get Rating) last announced its earnings results on Monday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by ($0.02). The business had revenue of $430.60 million for the quarter, compared to analysts' expectations of $392.66 million. CarGurus had a net margin of 2.05% and a return on equity of 22.94%. The firm's quarterly revenue was up 151.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.24 earnings per share. On average, research analysts forecast that CarGurus will post 0.59 EPS for the current year.

Wall Street Analysts Forecast Growth

CARG has been the topic of a number of recent analyst reports. JMP Securities began coverage on CarGurus in a research report on Thursday, June 30th. They issued a "market perform" rating on the stock. Oppenheimer reduced their price objective on CarGurus from $45.00 to $38.00 in a research note on Tuesday, May 10th. BTIG Research cut their target price on CarGurus from $40.00 to $33.00 and set a "buy" rating on the stock in a research note on Tuesday, June 21st. Royal Bank of Canada cut their target price on CarGurus from $56.00 to $45.00 in a research note on Tuesday, May 10th. Finally, Benchmark lowered their price objective on shares of CarGurus from $63.00 to $50.00 in a report on Tuesday, May 10th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, CarGurus has an average rating of "Moderate Buy" and a consensus price target of $41.45.

Insiders Place Their Bets

In other news, COO Samuel Zales sold 17,707 shares of the company's stock in a transaction that occurred on Thursday, July 21st. The shares were sold at an average price of $25.02, for a total value of $443,029.14. Following the completion of the sale, the chief operating officer now owns 392,587 shares of the company's stock, valued at approximately $9,822,526.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 14.80% of the company's stock.

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CARG Stock News Headlines

CarGurus Announces Second Quarter 2022 Results
CarGurus (CARG) Scheduled to Post Earnings on Monday
CarGurus Appoints Javier Zamora as General Counsel
CarGurus (NASDAQ:CARG) PT Lowered to $44.00
See More Headlines
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CARG Company Calendar

Last Earnings
11/08/2021
Today
8/08/2022
Next Earnings (Confirmed)
8/08/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
N/A
Current Symbol
NASDAQ:CARG
Fax
N/A
Employees
1,203
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
$41.45
High Stock Price Forecast
$52.00
Low Stock Price Forecast
$32.00
Forecasted Upside/Downside
+61.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.73
Research Coverage
11 Analysts

Profitability

Net Income
$-150,000.00
Pretax Margin
12.38%

Debt

Sales & Book Value

Annual Sales
$951.37 million
Cash Flow
$1.51 per share
Book Value
$4.39 per share

Miscellaneous

Free Float
100,862,000
Market Cap
$3.04 billion
Optionable
Optionable
Beta
1.56














CARG Stock - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?

11 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last twelve months. There are currently 3 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" CARG shares.
View CARG analyst ratings
or view top-rated stocks.

What is CarGurus' stock price forecast for 2022?

11 analysts have issued twelve-month price objectives for CarGurus' shares. Their CARG stock forecasts range from $32.00 to $52.00. On average, they predict the company's share price to reach $41.45 in the next year. This suggests a possible upside of 63.2% from the stock's current price.
View analysts price targets for CARG
or view top-rated stocks among Wall Street analysts.

How has CarGurus' stock price performed in 2022?

CarGurus' stock was trading at $33.64 on January 1st, 2022. Since then, CARG shares have decreased by 24.5% and is now trading at $25.40.
View the best growth stocks for 2022 here
.

When is CarGurus' next earnings date?

CarGurus is scheduled to release its next quarterly earnings announcement on Monday, August 8th 2022.
View our CARG earnings forecast
.

How can I listen to CarGurus' earnings call?

CarGurus will be holding an earnings conference call on Monday, August 8th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13730552".

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) issued its earnings results on Monday, November, 8th. The company reported $0.38 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.19. The firm earned $222.92 million during the quarter, compared to analyst estimates of $215.32 million. CarGurus had a net margin of 2.05% and a trailing twelve-month return on equity of 22.94%. During the same period last year, the company posted $0.30 EPS.

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

CarGurus updated its second quarter 2022 earnings guidance on Monday, June, 20th. The company provided earnings per share (EPS) guidance of $0.27-$0.30 for the period, compared to the consensus EPS estimate of $0.30. The company issued revenue guidance of $490.00 million-$520.00 million, compared to the consensus revenue estimate of $497.51 million.

What is Jason Trevisan's approval rating as CarGurus' CEO?

56 employees have rated CarGurus Chief Executive Officer Jason Trevisan on Glassdoor.com. Jason Trevisan has an approval rating of 80% among the company's employees. 81.0% of employees surveyed would recommend working at CarGurus to a friend.

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), Bank of America (BAC), Tesla (TSLA), Micron Technology (MU), Netflix (NFLX), Roku (ROKU), NVIDIA (NVDA), Intelsat (I), Altria Group (MO) and Shopify (SHOP).

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 $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 many different institutional and retail investors. Top institutional shareholders include Anchor Capital Advisors LLC (1.80%), Loomis Sayles & Co. L P (0.92%), Fort Washington Investment Advisors Inc. OH (0.46%), Kornitzer Capital Management Inc. KS (0.21%), SG Americas Securities LLC (0.10%) and Envestnet Asset Management Inc. (0.09%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, Ian G Smith, Jason Trevisan, John G Connors, Kathleen Bender Patton, Langley Steinert, Larry M Hutchison, Peter Maag, Samuel Zales, Sarah Amory Welch, Scot Christopher Fredo, Scott T Mikuen, Thomas Michael Caputo and Yann Bruno Gellot.
View institutional ownership trends
.

How do I buy shares of CarGurus?

Shares of CARG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is CarGurus' stock price today?

One share of CARG stock can currently be purchased for approximately $25.40.

How much money does CarGurus make?

CarGurus (NASDAQ:CARG) has a market capitalization of $3.01 billion and generates $951.37 million in revenue each year. The company earns $-150,000.00 in net income (profit) each year or ($0.74) on an earnings per share basis.

How many employees does CarGurus have?

CarGurus employs 1,203 workers across the globe.

How can I contact CarGurus?

CarGurus' mailing address is 2 Canal Park 4thFloor, Cambridge MA, 02141. The official website for the company is www.cargurus.com. The company can be reached via phone at (617) 354-0068 or via email at investors@cargurus.com.

This page (NASDAQ:CARG) was last updated on 8/8/2022 by MarketBeat.com Staff

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