NASDAQ:CARG CarGurus Stock Forecast, Price & News Adding Choose a watchlist: Adding You have already added five stocks to your watchlist. Upgrade to MarketBeat Daily Premium to add more stocks to your watchlist. Adding CarGurus Inc Please log in to your account or sign up in order to add this asset to your watchlist. Log In and Add $23.33 -0.54 (-2.26 %) (As of 09/18/2020 12:00 AM ET) Add Compare Share Today's Range$23.25Now: $23.33▼$24.5250-Day Range$22.99MA: $26.30▼$31.8052-Week Range$14.25Now: $23.33▼$40.91Volume2.16 million shsAverage Volume1.71 million shsMarket Capitalization$2.64 billionP/E Ratio61.40Dividend YieldN/ABeta1.85 ProfileAnalyst RatingsChartCompetitorsEarningsFinancialsInsider TradesInstitutional OwnershipHeadlinesOptions ChainSEC FilingsShort InterestSocial Media 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. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company was founded in 2005 and is headquartered in Cambridge, Massachusetts.Read More Beat the Market (BTM) Rank™ 4.3 Analyst's Opinion Consensus RatingCarGurus has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.Price Target Upside/DownsideAccording to analysts' consensus price target of $29.67, CarGurus has a forecasted upside of 27.2% from its current price of $23.33.Amount of Analyst CoverageCarGurus has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock. Previous Next 2.5 Community Rank Outperform VotesCarGurus has received 447 “outperform” votes. (Add your “outperform” vote.)Underperform VotesCarGurus has received 450 “underperform” votes. (Add your “underperform” vote.)Community SentimentCarGurus has received 50.17% “underperform” votes from our community.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. 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 1.0 Company Ownership Insider Buying vs. Insider SellingIn the past three months, CarGurus insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $20,531,981.00 in company stock.Percentage Held by InsidersOnly 24.43% of the stock of CarGurus is held by insiders.Percentage Held by Institutions79.73% 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 63.64% in the coming year, from $0.33 to $0.54 per share.Price to Earnings Ratio vs. the MarketThe P/E ratio of CarGurus is 61.40, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 18.91.Price to Earnings Ratio vs. SectorThe P/E ratio of CarGurus is 61.40, 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 36.41.Price to Earnings Growth RatioCarGurus has a PEG Ratio of 2.39. PEG Ratios above 1 indicate that a company could be overvalued.Price to Book Value per Share RatioCarGurus has a P/B Ratio of 10.19. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities. Previous Next Analyst Opinion: 4.3Community Rank: 2.5Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -Overall Beat the Market Rank™1.93 out of 5 stars Industry, Sector and Symbol Stock Exchange NASDAQ Industry Data processing & preparation Sub-IndustryN/A SectorAuto/Tires/Trucks Current SymbolNASDAQ:CARG Previous Symbol CUSIPN/A CIK1494259 Webwww.cargurus.com Phone617-354-0068Debt Debt-to-Equity Ratio0.22 Current Ratio5.01 Quick Ratio5.01Price-To-Earnings Trailing P/E Ratio61.40 Forward P/E Ratio70.70 P/E Growth2.39 Sales & Book Value Annual Sales$588.92 million Price / Sales4.48 Cash Flow$0.51 per share Price / Cash Flow45.51 Book Value$2.29 per share Price / Book10.19Profitability EPS (Most Recent Fiscal Year)$0.38 Net Income$42.15 million Net Margins7.73% Return on Equity18.56% Return on Assets12.56%Miscellaneous Employees732 Outstanding Shares112,975,000Market Cap$2.64 billion Next Earnings Date11/3/2020 (Estimated) OptionableOptionable $23.33 -0.54 (-2.26 %) (As of 09/18/2020 12:00 AM ET) 30 days | 90 days | 365 days | Advanced Chart Receive CARG News and Ratings via Email Sign-up to receive the latest news and ratings for CARG and its competitors with MarketBeat's FREE daily newsletter. CarGurus (NASDAQ:CARG) Frequently Asked Questions How has CarGurus' stock been impacted by Coronavirus? CarGurus' stock was trading at $20.60 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CARG stock has increased by 13.3% and is now trading at $23.33. View which stocks have been most impacted by COVID-19. Do Wall Street analysts recommend investors buy shares of CarGurus? 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." View analyst ratings for CarGurus. When is CarGurus' next earnings date? CarGurus is scheduled to release its next quarterly earnings announcement on Tuesday, November 3rd 2020. View our earnings forecast for CarGurus. How were CarGurus' earnings last quarter? CarGurus Inc (NASDAQ:CARG) issued its quarterly earnings results on Thursday, August, 6th. The company reported $0.19 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.18. The business earned $94.70 million during the quarter, compared to analysts' expectations of $86.55 million. CarGurus had a return on equity of 18.56% and a net margin of 7.73%. CarGurus's revenue for the quarter was down 34.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.10 EPS. View CarGurus' earnings history. What guidance has CarGurus issued on next quarter's earnings? 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 EPS estimate of $0.44. The company issued revenue guidance of $518-524 million, compared to the consensus revenue estimate of $517.43 million. What price target have analysts set for CARG? 10 Wall Street analysts have issued 12 month price targets for CarGurus' stock. Their forecasts range from $23.00 to $35.00. On average, they expect CarGurus' share price to reach $29.67 in the next twelve months. This suggests a possible upside of 27.2% from the stock's current price. View analysts' price targets for CarGurus. Who are some of CarGurus' key competitors? Some companies that are related to CarGurus include Pegasystems (PEGA), Zynga (ZNGA), Five9 (FIVN), Globant (GLOB), YY (YY), Proofpoint (PFPT), Corelogic (CLGX), DXC Technology (DXC), Change Healthcare (CHNG), Inovalon (INOV), LiveRamp (RAMP), Evertec (EVTC), SciPlay (SCPL), Shutterstock (SSTK) and Upwork (UPWK). View all 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 Twilio (TWLO), Micron Technology (MU), Roku (ROKU), Netflix (NFLX), Tesla (TSLA), salesforce.com (CRM), Shopify (SHOP), Bank of America (BAC), Walt Disney (DIS) and NVIDIA (NVDA). Who are CarGurus' key executives? CarGurus' management team includes the following 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 $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. 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 number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (6.87%), Dragoneer Investment Group LLC (5.05%), FMR LLC (3.05%), ArrowMark Colorado Holdings LLC (1.20%), Two Sigma Advisers LP (0.99%) and StackLine Partners LP (0.86%). 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 major investors are selling CarGurus stock? CARG stock was sold by a variety of institutional investors in the last quarter, including Healthcare of Ontario Pension Plan Trust Fund, Telemark Asset Management LLC, Gluskin Sheff & Assoc Inc., PDT Partners LLC, Nuveen Asset Management LLC, Fort Washington Investment Advisors Inc. OH, Holocene Advisors LP, and ArrowMark Colorado Holdings 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. Which major investors are buying CarGurus stock? CARG stock was bought by a variety of institutional investors in the last quarter, including FMR LLC, Dragoneer Investment Group LLC, StackLine Partners LP, Vanguard Group Inc., Goldman Sachs Group Inc., Par Capital Management Inc., Two Sigma Advisers LP, and No Street GP LP. View insider buying and selling activity 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 $23.33. How big of a company is CarGurus? CarGurus has a market capitalization of $2.64 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. What is CarGurus' official website? The official website for CarGurus is 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] This page was last updated on 9/19/2020 by MarketBeat.com Staff 30 Days of MarketBeat All Access for $1.00 Sign up for MarketBeat All Access to gain access to MarketBeat's full suite of research tools: Best-in-Class Portfolio Monitoring View the latest news, buy/sell ratings, SEC filings and insider transactions for your stocks. Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Stock Ideas and Recommendations Get daily stock ideas top-performing Wall Street analysts. Get short term trading ideas from the MarketBeat Idea Engine. View which stocks are hot on social media with MarketBeat's trending stocks report. Advanced Stock Screeners and Research Tools Identify stocks that meet your criteria using seven unique stock screeners. See what's happening in the market right now with MarketBeat's real-time news feed. 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