CarGurus (CARG) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $37.28 to $38.01
• 50-Day Range: $29.05 to $37.82
• 52-Week Range: $21.12 to $38.15
• Volume: 602,898 shs
• Average Volume: 820,066 shs
• Market Capitalization: $3.93 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $37.86
• Consensus Rating: Moderate Buy

CarGurus Stock Analysis - MarketRank™

CarGurus scored higher than 71% of companies evaluated by MarketBeat, and ranked 38th out of 94 stocks in the auto/tires/trucks sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.5 / 5
• Analyst Rating: Moderate Buy

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.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 15.45%

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 -81.91, 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 -81.91, 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 1.99. 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 8.09. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.67% 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 increased by 1.64%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

CarGurus does not currently pay a dividend.

Dividend Growth

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

Sustainability and ESG

• Score: 0.8 / 5
• Environmental Score: -3.32

Percentage of Shares Shorted

6.67% 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 increased by 1.64%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 1.44

News Sentiment

CarGurus has a news sentiment score of 1.44. 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 0.73 average news sentiment score of Auto/Tires/Trucks companies.

News Coverage This Week

MarketBeat has tracked 8 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 0% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added CarGurus to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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 $2,356,336.00 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.

CARG Stock Analysis - Frequently Asked Questions

How have CARG shares performed this year?

CarGurus' stock was trading at $24.16 at the beginning of the year. Since then, CARG shares have increased by 56.0% and is now trading at $37.68.
View the best growth stocks for 2024 here.

How were CarGurus' earnings last quarter?

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

When did CarGurus IPO?

CarGurus (CARG) raised $132 million in an IPO on Thursday, October 12th 2017. The company issued 9,400,000 shares at a price of $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.

Who are CarGurus' major shareholders?

CarGurus' top institutional investors 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, Thomas Michael Caputo and Langley Steinert.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of CarGurus own?

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: 12/02/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/24/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Auto/Tires/Trucks
• Industry: Data processing & preparation
• Sub-Industry: Business Services
• Current Symbol: NASDAQ:CARG
• CUSIP: N/A
• CIK: 1494259
• Web: www.cargurus.com
• Phone: (617) 354-0068
• 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: +0.6%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.91
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($0.46)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 30.59
• P/E Growth: 1.99
• Net Income: $31.10 million
• Net Margins: -5.47%
• Pretax Margin: -5.30%
• Return on Equity: 13.96%
• Return on Assets: 8.92%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 2.95
• Quick Ratio: 2.95

Sales & Book Value

• Annual Sales: $914.24 million
• Price / Sales: 4.27
• Cash Flow: $1.03 per share
• Price / Cash Flow: 36.52
• Book Value: $4.66 per share
• Price / Book: 8.08

Miscellaneous

• Outstanding Shares: 103,710,000
• Free Float: 85,870,000
• Market Cap: $3.90 billion
• Optionable: Optionable
• Beta: 1.55