NASDAQ:CARG CarGurus (CARG) Stock Forecast, Price & News $19.50 +0.38 (+1.99%) (As of 06/2/2023 ET) Add Compare Share Share Today's Range$19.20▼$19.7650-Day Range$15.50▼$19.5052-Week Range$9.14▼$26.43Volume1.17 million shsAverage Volume1.31 million shsMarket Capitalization$2.21 billionP/E Ratio55.72Dividend YieldN/APrice Target$21.27 ProfileProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainabilityProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial MediaSustainability CarGurus MarketRank™ ForecastAnalyst RatingModerate Buy2.55 Rating ScoreUpside/Downside9.1% Upside$21.27 Price TargetShort InterestBearish10.25% of Float Sold ShortDividend StrengthN/ASustainability-3.32Upright™ Environmental ScoreNews Sentiment0.56Based on 5 Articles This WeekInsider TradingN/AProj. Earnings Growth13.04%From $0.46 to $0.52 Per ShareSee Full Details Hide Full Details Overall MarketRank™MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.1.38 out of 5 starsAuto/Tires/Trucks Sector92nd out of 101 stocksData Processing & Preparation Industry54th out of 64 stocks 1.3 Analyst's Opinion Consensus RatingCarGurus has received a consensus rating of Buy. The company's average rating score is 2.55, and is based on 7 buy ratings, 3 hold ratings, and 1 sell rating.Price Target Upside/DownsideAccording to analysts' consensus price target of $21.27, CarGurus has a forecasted upside of 9.1% from its current price of $19.50.Amount of Analyst CoverageCarGurus has received no research coverage in the past 90 days. Previous Next 1.0 Short Interest Percentage of Shares Shorted10.25% of the float of CarGurus has been sold short.Short Interest Ratio / Days to CoverCarGurus has a short interest ratio ("days to cover") of 7.6.Change versus previous monthShort interest in CarGurus has recently increased by 0.58%, indicating that investor sentiment is decreasing. Previous Next 0.0 Dividend Strength Dividend YieldCarGurus does not currently pay a dividend.Dividend GrowthCarGurus does not have a long track record of dividend growth. Previous Next 0.8 Sustainability and ESG Overall ESG (Environmental, Social, and Governance) ScoreCarGurus has received a -62.31% net impact score from Upright. The largest negative impact of CarGurus in category "GHG emissions" seems to be driven mostly by its "Digital marketplaces for used cars", "Online retail of new diesel passenger cars", and "Online retail of new gasoline passenger cars" products. See details.Environmental SustainabilityThe Environmental Impact score for CarGurus is -3.32. Previous Next 2.0 News and Social Media Coverage News SentimentCarGurus has a news sentiment score of 0.56. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Auto/Tires/Trucks companies.News Coverage This WeekMarketBeat has tracked 5 news articles for CarGurus this week, compared to 5 articles on an average week.Search Interest6 people have searched for CARG on MarketBeat in the last 30 days. This is an increase of 500% compared to the previous 30 days.MarketBeat FollowsOnly 2 people have added CarGurus to their MarketBeat watchlist in the last 30 days. This is a decrease of 0% compared to the previous 30 days. Previous Next 2.5 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CarGurus insiders have not sold or bought any company stock.Percentage Held by Insiders15.70% of the stock of CarGurus is held by insiders. A high percentage of insider ownership can be a sign of company health.Percentage Held by Institutions89.37% of the stock of CarGurus is held by institutions. High institutional ownership can be a signal of strong market trust in this company. Previous Next 1.9 Earnings and Valuation Earnings GrowthEarnings for CarGurus are expected to grow by 13.04% in the coming year, from $0.46 to $0.52 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CarGurus is 55.72, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 129.59.Price to Earnings Ratio vs. SectorThe P/E ratio of CarGurus is 55.72, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 20.78.Price to Earnings Growth RatioCarGurus has a PEG Ratio of 3.18. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCarGurus has a P/B Ratio of 3.18. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next See Top Rated MarketRank™ Stocks Here About CarGurus (NASDAQ:CARG) StockCargurus, Inc. is an online automotive platform, which engages in buying and selling vehicles that is building upon its listings marketplace with digital retail solutions and the CarOffer digital wholesale platform. It operates through the following segments: U.S. Marketplace, Digital Wholesale, and Other. The U.S. Marketplace segment offers marketplace services from customers. The Digital Wholesale segment consists of dealer-to-dealer and IMCO services and products which are sold on the CarOffer platform. The company was founded by Langley Steinert on November 10, 2005 and is headquartered in Cambridge, MA.Read More Receive CARG Stock News and Ratings via Email Sign-up to receive the latest news and ratings for CarGurus and its competitors with MarketBeat's FREE daily newsletter. Email Address CARG Stock News HeadlinesMay 31, 2023 | markets.businessinsider.comJMP Securities Reaffirms Their Hold Rating on CarGurus (CARG)May 31, 2023 | benzinga.comAnalyst Ratings for CarGurusJune 3, 2023 | Behind the Markets (Ad)"Unknown laser company making HUGE profit from Russia-Ukraine War"On February 24th, Russia invaded Ukraine. This caused major stock losses and soaring gas prices. But it also created a HUGE opportunity for savvy investors. There's an unknown laser company that's been profiting greatly from this war... ...and from another major conflict happening 3,000 miles away. Learn more here >>>May 29, 2023 | finance.yahoo.comInvestors in CarGurus (NASDAQ:CARG) have unfortunately lost 44% over the last five yearsMay 22, 2023 | finance.yahoo.comCan CarGurus (CARG) Run Higher on Rising Earnings Estimates?May 22, 2023 | americanbankingnews.comContrasting CarGurus (NASDAQ:CARG) & Toast (NYSE:TOST)May 19, 2023 | americanbankingnews.comBrokerages Set CarGurus, Inc. (NASDAQ:CARG) PT at $21.27May 15, 2023 | msn.com10 Full-Size Pickup Trucks That'll Last 500,000 MilesJune 3, 2023 | Legacy Research (Affiliate) (Ad)The “Amazon Secret Royalty Program” Can Help Anyone Retire Like RoyaltyA unique type of investment could help you make more money than you will need for the rest of your life. It’s what we call the “Amazon secret royalty program.” It’s an income stream that allows you to collect $1,000s… $10,000s… or more every year! Learn how to collect your first payout before June 13th.May 15, 2023 | americanbankingnews.comCarGurus (NASDAQ:CARG) Price Target Raised to $24.00May 13, 2023 | americanbankingnews.comDA Davidson Increases CarGurus (NASDAQ:CARG) Price Target to $20.00May 12, 2023 | msn.comOppenheimer Maintains CarGurus Inc - (CARG) Outperform RecommendationMay 12, 2023 | markets.businessinsider.comThe Latest Analyst Ratings for CarGurusMay 12, 2023 | msn.comCarGurus Accelerates Towards Sustainable Profitability, Analyst Cheers On with Higher Price TargetMay 12, 2023 | finance.yahoo.comWhy CarGurus Stock Was Up This WeekMay 12, 2023 | markets.businessinsider.comD.A. Davidson Sticks to Its Buy Rating for SmartRent (SMRT)May 12, 2023 | msn.comCarGurus: Still Attractive After Earnings, But I'll Hold Off For NowMay 12, 2023 | msn.comCarGurus Faces Increasingly Negative Economic And Credit EnvironmentsMay 12, 2023 | msn.comDA Davidson Maintains CarGurus Inc - (CARG) Neutral RecommendationMay 11, 2023 | markets.businessinsider.comRaymond James Sticks to Its Buy Rating for CarGurus (CARG)May 11, 2023 | msn.comFor Tripadvisor’s cofounders, more twists and turns aheadMay 11, 2023 | msn.comWhy CarGurus Stock Jumped on WednesdayMay 10, 2023 | markets.businessinsider.comBTIG Keeps Their Buy Rating on CarGurus (CARG)May 10, 2023 | seekingalpha.comCarGurus Q1 results beat estimates, co sees Q2 2023 revenue in-lineMay 10, 2023 | washingtonpost.comCarGurus: Q1 Earnings SnapshotMay 10, 2023 | msn.comCarGurus: Q1 Earnings InsightsMay 10, 2023 | theglobeandmail.comCarGurus (CARG) Shares Skyrocket, What You Need To KnowSee More Headlines CARG Price History View Price History Chart DataSkip Price History Chart 30 days | 90 days | 365 days | Advanced Chart CARG Company Calendar Last Earnings11/08/2021Today6/03/2023Next Earnings (Estimated)8/14/2023Fiscal Year End12/31/2023Get Stock AlertsIndustry, Sector and Symbol Stock ExchangeNASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNASDAQ:CARG CUSIPN/A CIK1494259 Webwww.cargurus.com Phone(617) 354-0068FaxN/AEmployees1,403Year FoundedN/APrice Target and Rating Average Stock Price Forecast$21.27 High Stock Price Forecast$37.00 Low Stock Price Forecast$12.00 Forecasted Upside/Downside+9.1%Consensus RatingModerate Buy Rating Score (0-4)2.55 Research Coverage11 Analysts Profitability EPS (Most Recent Fiscal Year)$0.35 Trailing P/E Ratio55.72 Forward P/E Ratio42.39 P/E Growth3.18Net Income$193.79 million Net Margins18.68% Pretax Margin7.09% Return on Equity17.88% Return on Assets11.12% Debt Debt-to-Equity RatioN/A Current Ratio4.38 Quick Ratio4.37 Sales & Book Value Annual Sales$1.66 billion Price / Sales1.34 Cash Flow$1.40 per share Price / Cash Flow13.97 Book Value$6.14 per share Price / Book3.18Miscellaneous Outstanding Shares113,320,000Free Float95,527,000Market Cap$2.21 billion OptionableOptionable Beta1.61 Key ExecutivesJason TrevisanChief Executive Officer & DirectorSamuel ZalesPresident & Chief Operating OfficerMatthew QuinnChief Technology OfficerKirndeep SinghVice President & Head-Investor RelationsTom CaputoChief Product OfficerKey CompetitorsFiskerNYSE:FSRXPELNASDAQ:XPELDanaNYSE:DANGenthermNASDAQ:THRMLuminar TechnologiesNASDAQ:LAZRView All CompetitorsInsiders & InstitutionsProShare Advisors LLCSold 3,784 shares on 5/26/2023Ownership: 0.011%Putnam Investments LLCSold 3,144 shares on 5/22/2023Ownership: 0.066%New York State Common Retirement FundBought 1,406 shares on 5/18/2023Ownership: 0.064%Susquehanna International Group LLPBought 48,800 shares on 5/16/2023Ownership: 0.000%First Horizon Advisors Inc.Bought 631 shares on 5/16/2023Ownership: 0.002%View All Insider TransactionsView All Institutional Transactions CARG Stock - Frequently Asked Questions Should I buy or sell CarGurus stock right now? 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. What is CarGurus' stock price forecast for 2023? 11 analysts have issued 1-year target prices for CarGurus' stock. Their CARG share price forecasts range from $12.00 to $37.00. On average, they predict the company's stock price to reach $21.27 in the next year. This suggests a possible upside of 9.1% from the stock's current price. View analysts price targets for CARG or view top-rated stocks among Wall Street analysts. How have CARG shares performed in 2023? CarGurus' stock was trading at $14.01 on January 1st, 2023. Since then, CARG stock has increased by 39.2% and is now trading at $19.50. View the best growth stocks for 2023 here. When is CarGurus' next earnings date? The company is scheduled to release its next quarterly earnings announcement on Monday, August 14th 2023. View our CARG earnings forecast. How were CarGurus' earnings last quarter? CarGurus, Inc. (NASDAQ:CARG) issued its earnings results on Monday, November, 8th. The company reported $0.38 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.19. The company had revenue of $222.92 million for the quarter, compared to analyst estimates of $215.32 million. CarGurus had a net margin of 18.68% and a trailing twelve-month return on equity of 17.88%. During the same period last year, the company posted $0.30 earnings per share. What ETFs hold CarGurus' stock? 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), Distillate Small/Mid Cash Flow ETF (DSMC), RiverFront Dynamic US Flex-Cap ETF (RFFC) and Vanguard U.S. Quality Factor ETF (VFQY). What guidance has CarGurus issued on next quarter's earnings? CarGurus issued an update on its second quarter earnings guidance on Tuesday, May, 9th. The company provided EPS guidance of $0.22-0.25 for the period, compared to the consensus EPS estimate of $0.18. The company issued revenue guidance of $220-240 million, compared to the consensus revenue estimate of $228.34 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 a variety of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (11.78%), ArrowMark Colorado Holdings LLC (8.14%), BlackRock Inc. (6.06%), Foxhaven Asset Management LP (4.17%), Federated Hermes Inc. (2.34%) and State Street Corp (1.80%). 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. 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 $19.50. How much money does CarGurus make? CarGurus (NASDAQ:CARG) has a market capitalization of $2.21 billion and generates $1.66 billion in revenue each year. The company earns $193.79 million in net income (profit) each year or $0.35 on an earnings per share basis. How many employees does CarGurus have? The company employs 1,403 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 6/3/2023 by MarketBeat.com Staff Adding Choose a watchlist: Watchlist Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat All Access to add more stocks to your watchlist. 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