CarGurus - CARG Stock Forecast, Price & News

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last year. There are currently 1 sell rating, 3 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" CARG shares.
View CARG analyst ratings or view top-rated stocks.

11 brokerages have issued twelve-month target prices for CarGurus' shares. Their CARG share price forecasts range from $12.00 to $37.00. On average, they anticipate the company's share price to reach $20.82 in the next year. This suggests a possible upside of 13.9% from the stock's current price.
View analysts price targets for CARG or view top-rated stocks among Wall Street analysts.

CarGurus' stock was trading at $14.01 on January 1st, 2023. Since then, CARG shares have increased by 30.4% and is now trading at $18.27.
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CarGurus saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 9,620,000 shares, a drop of 5.0% from the February 28th total of 10,130,000 shares. Based on an average daily trading volume, of 1,180,000 shares, the days-to-cover ratio is presently 8.2 days. Currently, 11.2% of the company's shares are sold short.
View CarGurus' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 8th 2023.
View our CARG earnings forecast.

CarGurus, Inc. (NASDAQ:CARG) released its earnings results on Tuesday, February, 28th. The company reported $0.25 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.04) by $0.29. The company had revenue of $286.74 million for the quarter, compared to the consensus estimate of $279.28 million. CarGurus had a net margin of 11.71% and a trailing twelve-month return on equity of 20.16%.

ETFs with the largest weight of CarGurus (NASDAQ:CARG) stock in their portfolio include SPDR S&P Internet ETF (XWEB), Invesco Dynamic Media ETF (PBS), Roundhill Acquirers Deep Value ETF (DEEP), WisdomTree Growth Leaders Fund (PLAT), Janus Henderson Small Cap Growth Alpha ETF (JSML), Vanguard U.S. Quality Factor ETF (VFQY), Principal U.S. Small-Cap Multi-Factor ETF (PSC) and Royce Quant Small-Cap Quality Value ETF (SQLV).

CarGurus updated its first quarter earnings guidance on Tuesday, February, 28th. The company provided earnings per share (EPS) guidance of $0.17-$0.19 for the period, compared to the consensus earnings per share estimate of $0.12. The company issued revenue guidance of $195-$215 million, compared to the consensus revenue estimate of $285.18 million.

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.

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).

(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.

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

CarGurus' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include The Manufacturers Life Insurance Company (5.55%), ArrowMark Colorado Holdings LLC (5.28%), Morgan Stanley (5.14%), Durable Capital Partners LP (2.74%), Geode Capital Management LLC (1.50%) and Nomura Holdings Inc. (1.42%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, George M Lynch, 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.
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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.
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One share of CARG stock can currently be purchased for approximately $18.27.

CarGurus (NASDAQ:CARG) has a market capitalization of $2.10 billion and generates $1.66 billion in revenue each year. The company earns $193.79 million in net income (profit) each year or ($0.28) on an earnings per share basis.

The company employs 1,403 workers across the globe.

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.