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NASDAQ:CARG

CarGurus (CARG) Stock Forecast, Price & News

$22.13
-0.80 (-3.49%)
(As of 05/23/2022 04:00 PM ET)
Add
Compare
Today's Range
$21.73
$23.02
50-Day Range
$22.35
$44.77
52-Week Range
$20.15
$50.03
Volume
1.51 million shs
Average Volume
1.29 million shs
Market Capitalization
$2.62 billion
P/E Ratio
N/A
Dividend Yield
N/A
Beta
1.54
30 days | 90 days | 365 days | Advanced Chart
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CarGurus logo

About CarGurus

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.

Headlines

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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

Sales & Book Value

Annual Sales
$951.37 million
Cash Flow
$1.42 per share
Book Value
$3.93 per share

Profitability

Net Income
$-150 thousand
Pretax Margin
12.38%

Debt

Price-To-Earnings

Miscellaneous

Free Float
92,670,000
Market Cap
$2.62 billion
Optionable
Optionable

Company Calendar

Last Earnings
5/09/2022
Today
5/23/2022
Next Earnings (Estimated)
8/04/2022
Fiscal Year End
12/31/2022

MarketRank

Overall MarketRank

2.61 out of 5 stars

Auto/Tires/Trucks Sector

22nd out of 138 stocks

Data Processing & Preparation Industry

10th out of 114 stocks

Analyst Opinion: 4.4Community Rank: 4.3Dividend Strength: 0.0Insider Behavior: 2.5Valuation: 1.9 5 -4 -3 -2 -1 -













CarGurus (NASDAQ:CARG) Frequently Asked Questions

Is CarGurus a buy right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last twelve months. There are currently 2 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" CarGurus stock.
View analyst ratings for CarGurus
or view top-rated stocks.

When is CarGurus' next earnings date?

CarGurus is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for CarGurus
.

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) posted its earnings results on Monday, May, 9th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.01. The firm 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 trailing twelve-month return on equity of 22.94%. The business's revenue for the quarter was up 151.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.24 earnings per share.
View CarGurus' earnings history
.

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

CarGurus updated its second quarter 2022 earnings guidance on Monday, May, 23rd. The company provided earnings per share (EPS) guidance of $0.26-$0.29 for the period, compared to the consensus EPS estimate of $0.38. The company issued revenue guidance of $480.00 million-$510.00 million, compared to the consensus revenue estimate of $452.62 million.

What price target have analysts set for CARG?

9 brokers have issued 12-month target prices for CarGurus' shares. Their forecasts range from $34.00 to $58.00. On average, they anticipate CarGurus' stock price to reach $44.36 in the next year. This suggests a possible upside of 99.9% from the stock's current price.
View analysts' price targets for CarGurus
or view top-rated stocks among Wall Street analysts.

Who are CarGurus' key executives?
CarGurus' management team includes the following people:
  • Mr. E. Langley Steinert, Founder & Exec. Chairman (Age 58, Pay $10k)
  • Mr. Jason M. Trevisan, CEO & Director (Age 47, Pay $723.71k)
  • Mr. Samuel Zales, COO & Pres (Age 58, Pay $876.15k) (LinkedIn Profile)
  • Mr. Thomas Caputo, Chief Product Officer (Age 48, Pay $456.94k)
  • Mr. Scot Christopher Fredo, CFO, Sec. & Treasurer (Age 53)
  • Mr. Yann Bruno Gellot, Principal Accounting Officer (Age 50)
  • Mr. Matthew Todd Quinn, Chief Technology Officer (Age 50)
  • Ms. Kirndeep Singh, VP of Investor Relations
  • Brian Kramer, Director of PR
  • Ms. Carol Chen, VP of Sales Operations
What is Langley Steinert's approval rating as CarGurus' CEO?

138 employees have rated CarGurus CEO Langley Steinert on Glassdoor.com. Langley Steinert has an approval rating of 80% among CarGurus' employees.

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 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 many different institutional and retail investors. Top institutional investors include Wellington Management Group LLP (11.97%), Vanguard Group Inc. (8.11%), The Manufacturers Life Insurance Company (7.13%), BlackRock Inc. (5.13%), Eaton Vance Management (2.05%) and Anchor Capital Advisors LLC (2.01%). Company insiders that own CarGurus 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 for CarGurus
.

Which major investors are selling CarGurus stock?

CARG stock was sold by a variety of institutional investors in the last quarter, including Nomura Holdings Inc., The Manufacturers Life Insurance Company , Federated Hermes Inc., Vanguard Group Inc., U.S. Capital Wealth Advisors LLC, Industrial Alliance Investment Management Inc., Polar Asset Management Partners Inc., and Bollard Group LLC. Company insiders that have sold CarGurus company stock in the last year include Anastasios Parafestas, Andrea Lee Eldridge, 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 insider buying and selling activity for CarGurus
or view top insider-selling stocks.

Which major investors are buying CarGurus stock?

CARG stock was bought by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Lord Abbett & CO. LLC, American Century Companies Inc., Eaton Vance Management, Vitruvian Partners LLP, CQS US LLC, Twin Tree Management LP, and Arrowstreet Capital Limited Partnership.
View insider buying and selling activity for CarGurus
or or view top insider-buying stocks.

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 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 $22.19.

How much money does CarGurus make?

CarGurus has a market capitalization of $2.63 billion and generates $951.37 million in revenue each year. The company earns $-150 thousand in net income (profit) each year or ($0.740010) on an earnings per share basis.

How many employees does CarGurus have?

CarGurus employs 1,203 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 5/23/2022 by MarketBeat.com Staff

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