Should I buy or sell CarGurus stock right now?

9 Wall Street 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 research analysts is that investors should "moderate buy" CARG shares. View CARG analyst ratings or view top-rated stocks .

What is CarGurus' stock price target for 2024?

9 Wall Street research analysts have issued twelve-month target prices for CarGurus' shares. Their CARG share price targets range from $15.00 to $30.00. On average, they expect the company's stock price to reach $24.90 in the next year. This suggests a possible upside of 12.2% from the stock's current price. View analysts price targets for CARG or view top-rated stocks among Wall Street analysts .

How have CARG shares performed in 2024?

CarGurus' stock was trading at $24.16 on January 1st, 2024. Since then, CARG shares have decreased by 8.1% and is now trading at $22.20. View the best growth stocks for 2024 here .

Are investors shorting CarGurus?

CarGurus saw a drop in short interest in March. As of March 31st, there was short interest totaling 7,330,000 shares, a drop of 20.2% from the March 15th total of 9,190,000 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is currently 7.0 days. Currently, 8.7% of the shares of the stock are short sold. View CarGurus' Short Interest .

When is CarGurus' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our CARG earnings forecast .

How can I listen to CarGurus' earnings call?

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".

How were CarGurus' earnings last quarter?

CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings data on Monday, February, 26th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $223.12 million for 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 company's revenue for the quarter was down 22.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS.

What ETFs hold CarGurus' stock?

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) .

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

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.

What is Jason Trevisan's approval rating as CarGurus' CEO?

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.

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?

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 acted as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.

Who are CarGurus' major shareholders?

CarGurus' stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.28%), State of Alaska Department of Revenue (0.05%), Cullinan Associates Inc. (0.03%), 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 . 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 .

NASDAQ:CARG

CarGurus (CARG) Stock Price, News & Analysis

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Free CARG Stock Alerts

$22.20

+0.66 (+3.06%)

(As of 04/19/2024 ET)

Compare

Today's Range: $21.56
▼
$22.22
50-Day Range: $21.22
▼
$23.89
52-Week Range: $15.34
▼
$24.64

Volume: 677,707 shs
Average Volume: 1.01 million shs
Market Capitalization: $2.39 billion

P/E Ratio: 123.33
Dividend Yield: N/A
Price Target: $24.90

Get CarGurus alerts:

CarGurus MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.56 Rating Score
Upside/Downside: 12.2% Upside
$24.90 Price Target
Short Interest: Healthy
8.65% of Float Sold Short
Dividend Strength: N/A
Sustainability: -3.32
Upright™ Environmental Score
News Sentiment: 0.64
Based on 14 Articles This Week
Insider Trading: Selling Shares
$2.52 M Sold Last Quarter
Proj. Earnings Growth: 17.02%
From $0.94 to $1.10 Per Share

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.74 out of 5 stars

Auto/Tires/Trucks Sector

27th out of 77 stocks

Data Processing & Preparation Industry

13th out of 58 stocks

2.3

Analyst's Opinion

Consensus Rating
CarGurus has received a consensus rating of Moderate Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Amount of Analyst Coverage
CarGurus has only been the subject of 4 research reports in the past 90 days.

3.0

Short Interest

Percentage of Shares Shorted
8.65% 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 7.
Change versus previous month
Short interest in CarGurus has recently decreased by 20.24%, indicating that investor sentiment is improving significantly.

0.0

Dividend Strength

Dividend Yield
CarGurus does not currently pay a dividend.
Dividend Growth
CarGurus does not have a long track record of dividend growth.

0.8

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
CarGurus has received a -62.31% net impact score from Upright. The largest negative impact of CarGurus in category "GHG emissions" seems to be driven mostly by its "Digital marketplaces for used cars", "Online retail of new diesel passenger cars", and "Online retail of new gasoline passenger cars" products. See details.
Environmental Sustainability
The Environmental Impact score for CarGurus is -3.32.

2.6

News and Social Media Coverage

News Sentiment
CarGurus has a news sentiment score of 0.64. 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 0.40 average news sentiment score of Auto/Tires/Trucks companies.
News Coverage This Week
MarketBeat has tracked 14 news articles for CarGurus this week, compared to 7 articles on an average week.
Search Interest
Only 1 people have searched for CARG on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.

3.3

Company Ownership

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 $2,523,342.00 in company stock.
Percentage Held by Insiders
15.70% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for CarGurus are expected to grow by 17.02% in the coming year, from $0.94 to $1.10 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of CarGurus is 123.33, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 142.09.
Price to Earnings Ratio vs. Sector
The P/E ratio of CarGurus is 123.33, which means that it is trading at a more expensive P/E ratio than the Auto/Tires/Trucks sector average P/E ratio of about 13.77.
Price to Earnings Growth Ratio
CarGurus has a PEG Ratio of 1.29. 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 3.89. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About CarGurus Stock (NASDAQ:CARG)

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.

CARG Stock Price History

30 days | 90 days | 365 days | Advanced Chart

CARG Stock News Headlines

April 18, 2024 | insidertrades.com

CarGurus, Inc. (NASDAQ:CARG) COO Sells $378,448.56 in Stock

April 4, 2024 | insidertrades.com

Insider Selling: CarGurus, Inc. (NASDAQ:CARG) CMO Sells 4,301 Shares of Stock

April 19, 2024 | Paradigm Press (Ad)

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March 20, 2024 | insidertrades.com

CarGurus, Inc. (NASDAQ:CARG) CMO Sells $238,526.88 in Stock

April 19, 2024 | americanbankingnews.com

Samuel Zales Sells 17,668 Shares of CarGurus, Inc. (NASDAQ:CARG) Stock

April 19, 2024 | americanbankingnews.com

CarGurus (NASDAQ:CARG) & EVmo (OTCMKTS:YAYO) Head-To-Head Comparison

April 18, 2024 | globenewswire.com

CarGurus To Report First Quarter 2024 Financial Results

April 18, 2024 | americanbankingnews.com

CarGurus' (CARG) "Market Perform" Rating Reaffirmed at JMP Securities

April 19, 2024 | Paradigm Press (Ad)

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Recently, Bitcoin smashed through its previous record high to hit $72,720. It’s made many, many people very rich. But one cryptocurrency expert and investing millionaire is declaring…

April 17, 2024 | mirror.co.uk

Best car for first-time drivers is the Toyota Aygo, according to research

April 14, 2024 | finance.yahoo.com

The five-year shareholder returns and company earnings persist lower as CarGurus (NASDAQ:CARG) stock falls a further 4.2% in past week

April 14, 2024 | seekingalpha.com

CarGurus: Repositioned For Growth

April 11, 2024 | msn.com

A Look at the Stars of The Expendables' Car Collections

April 10, 2024 | msn.com

Is it a good idea to upgrade to a newer used car?

April 9, 2024 | msn.com

Used Car Prices Could Decline 14% as Inventory Rebounds

April 8, 2024 | msn.com

2025 Porsche Taycan Review: Important Updates Increase Desirability

April 8, 2024 | finance.yahoo.com

Online Car Buying Market is Poised to Accelerate at CAGR of 12.58% to Reach USD 885.1 Billion By 2032: Astute Analytica

April 8, 2024 | globenewswire.com

Hope on the Horizon: CarGurus Q1 2024 Report Reveals Inventory and Demand are Rebounding as Prices Improve

April 7, 2024 | forbes.com

Tesla Cybertruck Lands On Used Market — Many Virtually New, But That Price

April 5, 2024 | investing.com

Cargurus CMO sells shares worth nearly $200k

April 4, 2024 | msn.com

The What and The When: 5 Steps to Sell Your Used Car for Top Dollar

March 28, 2024 | finance.yahoo.com

CarGurus (CARG) Increased on Accelerated Marketplace Growth

March 25, 2024 | globenewswire.com

CarGurus Study Reveals Shifting Consumer Preferences as Automotive Landscape Evolves and Costs Remain Elevated

March 21, 2024 | investing.com

CarGurus CMO sells over $238k in company stock

March 19, 2024 | finance.yahoo.com

CarGurus Inc (CARG) Chief Marketing Officer Dafna Sarnoff Sells Company Shares

March 19, 2024 | msn.com

Car Companies Cutting EV Prices as They Try To Compete With Tesla

March 16, 2024 | finance.yahoo.com

CARG Apr 2024 19.000 put

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Company Calendar

Last Earnings: 2/26/2024
Today: 4/19/2024
Next Earnings (Confirmed): 5/09/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Sector: Auto/Tires/Trucks
Industry: Data processing & preparation
Sub-Industry: N/A
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: $24.90
High Stock Price Target: $30.00
Low Stock Price Target: $15.00
Potential Upside/Downside: +13.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.56
Research Coverage: 9 Analysts

Profitability

EPS (Most Recent Fiscal Year): $0.18
Trailing P/E Ratio: 122.28
Forward P/E Ratio: 23.41
P/E Growth: 1.29
Net Income: $31.10 million
Net Margins: 3.40%
Pretax Margin: 5.65%
Return on Equity: 7.74%
Return on Assets: 5.21%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.40
Quick Ratio: 3.39

Sales & Book Value

Annual Sales: $914.24 million
Price / Sales: 2.59
Cash Flow: $1.07 per share
Price / Cash Flow: 20.49
Book Value: $5.70 per share
Price / Book: 3.86

Miscellaneous

Outstanding Shares: 107,440,000
Free Float: 90,571,000
Market Cap: $2.36 billion
Optionable: Optionable
Beta: 1.58

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Key Executives

Mr. E. Langley Steinert (Age 60)
Founder & Executive Chairman
Comp: $10k
Mr. Jason M. Trevisan (Age 49)
CEO & Director
Comp: $1M
Mr. Matthew Todd Quinn (Age 52)
Chief Technology Officer
Comp: $533.6k
Ms. Andrea Lee Eldridge (Age 49)
Chief People Officer
Comp: $505.76k
Mr. Samuel Zales (Age 60)
COO & President
Comp: $913.59k
Ms. Elisa Palazzo (Age 42)
Chief Financial Officer, Principal Financial Officer & Principal Accounting Officer
Ms. Kirndeep Singh
VP & Head of Investor Relations
Mr. Javier Zamora (Age 53)
General Counsel & Corporate Secretary
Brian Kramer
Director of Public Relations
Ms. Dafna Sarnoff (Age 60)
Chief Marketing Officer
Comp: $145.73k

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

CARG Stock Analysis - Frequently Asked Questions

Should I buy or sell CarGurus stock right now?: 9 Wall Street 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 research analysts is that investors should "moderate buy" CARG shares.
View CARG analyst ratings or view top-rated stocks.
What is CarGurus' stock price target for 2024?: 9 Wall Street research analysts have issued twelve-month target prices for CarGurus' shares. Their CARG share price targets range from $15.00 to $30.00. On average, they expect the company's stock price to reach $24.90 in the next year. This suggests a possible upside of 12.2% from the stock's current price.
View analysts price targets for CARG or view top-rated stocks among Wall Street analysts.
How have CARG shares performed in 2024?: CarGurus' stock was trading at $24.16 on January 1st, 2024. Since then, CARG shares have decreased by 8.1% and is now trading at $22.20.
View the best growth stocks for 2024 here.
Are investors shorting CarGurus?: CarGurus saw a drop in short interest in March. As of March 31st, there was short interest totaling 7,330,000 shares, a drop of 20.2% from the March 15th total of 9,190,000 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is currently 7.0 days. Currently, 8.7% of the shares of the stock are short sold.
View CarGurus' Short Interest.
When is CarGurus' next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our CARG earnings forecast.
How can I listen to CarGurus' earnings call?: 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".
How were CarGurus' earnings last quarter?: CarGurus, Inc. (NASDAQ:CARG) announced its quarterly earnings data on Monday, February, 26th. The company reported $0.35 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.01. The company had revenue of $223.12 million for 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 company's revenue for the quarter was down 22.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.25 EPS.
What ETFs hold CarGurus' stock?: 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).

What guidance has CarGurus issued on next quarter's earnings?: 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.
What is Jason Trevisan's approval rating as CarGurus' CEO?: 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.
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?: 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 acted as the underwriters for the IPO and JMP Securities, Raymond James and William Blair were co-managers.
Who are CarGurus' major shareholders?: CarGurus' stock is owned by many different institutional and retail investors. Top institutional shareholders include Allspring Global Investments Holdings LLC (0.28%), State of Alaska Department of Revenue (0.05%), Cullinan Associates Inc. (0.03%), 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.
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.

This page (NASDAQ:CARG) was last updated on 4/19/2024 by MarketBeat.com Staff

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