CarGurus (CARG) Stock Price, News & Analysis

9 Wall Street equities research 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 equities research analysts is that investors should "moderate buy" CARG shares.
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9 Wall Street research analysts have issued 1 year price objectives for CarGurus' shares. Their CARG share price targets range from $15.00 to $30.00. On average, they predict the company's stock price to reach $24.90 in the next twelve months. This suggests a possible upside of 17.3% from the stock's current price.
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CarGurus' stock was trading at $24.16 at the beginning of 2024. Since then, CARG shares have decreased by 12.2% and is now trading at $21.22.
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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 daily trading volume, of 1,050,000 shares, the short-interest ratio is presently 7.0 days. Approximately 8.7% of the shares of the company are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 14th 2024.
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CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings results on Monday, February, 26th. The company reported $0.35 earnings per share for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The firm earned $223.12 million during the quarter, compared to the consensus estimate of $220.05 million. CarGurus had a trailing twelve-month return on equity of 7.74% and a net margin of 3.40%. The firm's quarterly revenue was down 22.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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) and Invesco S&P SmallCap 600 Pure Growth ETF (RZG).Fidelity MSCI Communication Services Index ETF (FCOM).

CarGurus updated its first quarter 2024 earnings guidance on Tuesday, February, 27th. The company provided EPS guidance of 0.240-0.290 for the period, compared to the consensus earnings per share 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 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.

CarGurus' stock is owned by a variety of retail and institutional investors. Top institutional investors include Los Angeles Capital Management LLC (0.03%), Hennion & Walsh Asset Management Inc. (0.01%) and Scharf Investments LLC (0.01%). 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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