CarGurus (CARG) Stock Price, News & Analysis

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for CarGurus in the last twelve months. There are currently 4 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CARG shares.
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9 equities research analysts have issued 12-month target prices for CarGurus' shares. Their CARG share price targets range from $15.00 to $30.00. On average, they anticipate the company's share price to reach $24.90 in the next year. This suggests a possible upside of 6.2% from the stock's current price.
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CarGurus' stock was trading at $24.16 at the start of the year. Since then, CARG stock has decreased by 3.0% and is now trading at $23.44.
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CarGurus saw a decrease in short interest in March. As of March 31st, there was short interest totaling 7,330,000 shares, a decrease of 20.2% from the March 15th total of 9,190,000 shares. Based on an average trading volume of 1,050,000 shares, the short-interest ratio is currently 7.0 days. Approximately 8.7% of the shares of the stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
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CarGurus will be holding an earnings conference call on Thursday, May 9th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-6671 with passcode "13745030".

CarGurus, Inc. (NASDAQ:CARG) issued its quarterly earnings results on Monday, February, 26th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.01. The business earned $223.12 million during the quarter, compared to analysts' expectations of $220.05 million. CarGurus had a trailing twelve-month return on equity of 7.74% and a net margin of 3.40%. The business's quarterly revenue was down 22.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.25 EPS.

ETFs with the largest weight of CarGurus (NASDAQ:CARG) stock in their portfolio include Invesco S&P SmallCap Utilities & Communication Services ETF (PSCU), SPDR S&P Internet ETF (XWEB), WisdomTree Growth Leaders Fund (PLAT), AdvisorShares Alpha DNA Equity Sentiment ETF (SENT), Invesco S&P SmallCap Quality ETF (XSHQ), Invesco S&P SmallCap 600 Pure Growth ETF (RZG), Hartford Longevity Economy ETF (HLGE) and John Hancock Fundamental All Cap Core ETF (JHAC).

CarGurus issued an update on its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided earnings per share (EPS) guidance of 0.240-0.290 for the period, compared to the consensus EPS estimate of 0.310. The company issued revenue guidance of $201.0 million-$221.0 million, compared to the consensus revenue estimate of $235.7 million.

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.

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).

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.

CarGurus' stock is owned by many different retail and institutional investors. Top institutional shareholders include Raymond James & Associates (0.49%), Allspring Global Investments Holdings LLC (0.28%), State of Alaska Department of Revenue (0.05%), Louisiana State Employees Retirement System (0.04%), Cullinan Associates Inc. (0.03%) and Los Angeles Capital Management LLC (0.03%). Insiders that own company stock include Anastasios Parafestas, Andrea Lee Eldridge, Bin Zhou, Dafna Sarnoff, George M Lynch, Javier Esquivel Zamora, 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.
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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.
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