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CarGurus (CARG) Stock Price, News & Analysis

CarGurus logo
$35.92 -0.11 (-0.31%)
(As of 05:26 PM ET)

About CarGurus Stock (NASDAQ:CARG)

Key Stats

Today's Range
$35.66
$36.24
50-Day Range
$31.02
$38.78
52-Week Range
$21.18
$39.10
Volume
431,382 shs
Average Volume
812,661 shs
Market Capitalization
$3.73 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$37.86
Consensus Rating
Moderate Buy

Company Overview

CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers. It also offers dealer and non-dealer advertising products for its websites and social media platforms. The company operates online marketplaces under the CarGurus brand in the United States, Canada, and the United Kingdom; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

CarGurus Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
72nd Percentile Overall Score

CARG MarketRank™: 

CarGurus scored higher than 72% of companies evaluated by MarketBeat, and ranked 29th out of 91 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    CarGurus has received a consensus rating of Moderate Buy. The company's average rating score is 2.91, and is based on 8 buy ratings, 2 hold ratings, and no sell ratings.

  • Amount of Analyst Coverage

    CarGurus has been the subject of 10 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about CarGurus' stock forecast and price target.
  • Earnings Growth

    Earnings for CarGurus are expected to grow by 15.45% in the coming year, from $1.23 to $1.42 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of CarGurus is -78.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of CarGurus is -78.09, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

  • Price to Earnings Growth Ratio

    CarGurus has a PEG Ratio of 2.00. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    CarGurus has a P/B Ratio of 6.30. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Percentage of Shares Shorted

    6.65% of the float of CarGurus has been sold short.
  • Short Interest Ratio / Days to Cover

    CarGurus has a short interest ratio ("days to cover") of 8.7.
  • Change versus previous month

    Short interest in CarGurus has recently decreased by 1.25%, indicating that investor sentiment is improving.
  • Dividend Yield

    CarGurus does not currently pay a dividend.

  • Dividend Growth

    CarGurus does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    6.65% of the float of CarGurus has been sold short.
  • Short Interest Ratio / Days to Cover

    CarGurus has a short interest ratio ("days to cover") of 8.7.
  • Change versus previous month

    Short interest in CarGurus has recently decreased by 1.25%, indicating that investor sentiment is improving.
  • News Sentiment

    CarGurus has a news sentiment score of 0.83. 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 is a higher news sentiment than the 0.50 average news sentiment score of Auto/Tires/Trucks companies.
  • News Coverage This Week

    MarketBeat has tracked 11 news articles for CarGurus this week, compared to 8 articles on an average week.
  • Search Interest

    Only 2 people have searched for CARG on MarketBeat in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • MarketBeat Follows

    Only 1 people have added CarGurus to their MarketBeat watchlist in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In 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 $2,550,785.00 in company stock.

  • Percentage Held by Insiders

    17.20% 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 Institutions

    86.90% of the stock of CarGurus is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about CarGurus' insider trading history.
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CARG Stock News Headlines

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CARG Stock Analysis - Frequently Asked Questions

CarGurus' stock was trading at $24.16 on January 1st, 2024. Since then, CARG stock has increased by 48.7% and is now trading at $35.92.
View the best growth stocks for 2024 here
.

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings results on Monday, February, 26th. The company reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company's quarterly revenue was down 22.2% on a year-over-year basis.

CarGurus (CARG) raised $132 million in an 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 served as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.

Top institutional investors of CarGurus include ArrowMark Colorado Holdings LLC (6.16%), Wellington Management Group LLP (6.14%), State Street Corp (3.19%) and The Manufacturers Life Insurance Company (2.29%). Insiders that own company stock include Jason Trevisan, Samuel Zales, Matthew Todd Quinn, Scot Christopher Fredo, Dafna Sarnoff, Andrea Lee Eldridge, Javier Esquivel Zamora, Yann Bruno Gellot and Thomas Michael Caputo.
View institutional ownership trends
.

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

Based on aggregate information from My MarketBeat watchlists, some other companies that CarGurus investors own include American Water Works (AWK), Waste Connections (WCN), AUO (AUOTY), Humana (HUM), The RMR Group (RMR), DiamondRock Hospitality (DRH) and Voyager Therapeutics (VYGR).

Company Calendar

Last Earnings
2/26/2024
Today
12/23/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Data processing & preparation
Sub-Industry
Business Services
Current Symbol
NASDAQ:CARG
Fax
N/A
Employees
1,343
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$37.86
High Stock Price Target
$46.00
Low Stock Price Target
$27.00
Potential Upside/Downside
+5.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.91
Research Coverage
11 Analysts

Profitability

Net Income
$31.10 million
Pretax Margin
-5.30%

Debt

Sales & Book Value

Annual Sales
$888.97 million
Cash Flow
$0.98 per share
Book Value
$5.70 per share

Miscellaneous

Free Float
85,870,000
Market Cap
$3.74 billion
Optionable
Optionable
Beta
1.57

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This page (NASDAQ:CARG) was last updated on 12/23/2024 by MarketBeat.com Staff
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