Working with TipRanks
Follow Us
Stocks
ETFs
Options
Commodities
Crypto
Currency
Research Tools
Calendars
Economic Indicators
Calculators
Education
About Us
Working with TipRanks
Follow Us
CarGurus Inc (CARG)
NASDAQ:CARG
CarGurus (CARG) Stock Price & Analysis
486 Followers
CARG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$15.34 - $24.64
Previous Close$23.22
Volume431.62K
Average Volume (3M)1.09M
Market Cap
$2.49B
Enterprise Value$2.38B
Total Cash (Recent Filing)$312.09M
Total Debt (Recent Filing)$194.39M
Price to Earnings (P/E)88.1
Beta1.23
Next Earnings
May 09, 2024EPS Estimate
$0.29Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.26
Shares Outstanding107,439,149
10 Day Avg. Volume687,859
30 Day Avg. Volume1,092,933
Standard Deviation0.16
R-Squared0.28
Alpha-0.02
Financial Highlights & Ratios
Price to Book (P/B)5.72
Price to Sales (P/S)2.32
Price to Cash Flow (P/CF)249.90
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.60
Enterprise Value/Gross Profit3.65
Enterprise Value/Ebitda23.61
Forecast
1Y Price Target
$27.00Price Target Upside16.28% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
CarGurus News
Bulls Say, Bears Say
Bulls Say
Product Portfolio ExpansionCG Buy Online is a new addition to CARG's product portfolio with full-online, end-to-end transactional capability, comparable to industry-leader Carvana.
Profitability And Market ExpansionCarGurus has achieved profitability across all its markets, including the U.S., Canada, and UK, while also seeing continued growth in multi-product attach rates, indicating enhanced customer engagement and product value.
Revenue GrowthThe core marketplace business of CarGurus is demonstrating robust health with an expected revenue growth rate, and its fastest year-over-year revenue increase in nearly three years.
Bears Say
Business Growth DelayGuidance for the next quarter was softer than expected, with the Digital Wholesale business taking time before returning to profitable growth.
Earnings GuidanceCARG's guidance for Q1 revenue is lower than expected, which may disappoint investors.
Financial PerformanceAdjusted EBITDA guidance for Q1 is below the consensus estimate.
---
Ownership Overview
31.49% Insiders
35.38% Mutual Funds
26.33% Other Institutional Investors
6.80% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by CarGurus
Desktop Users
Mobile Users
CARG FAQ
What was CarGurus Inc’s price range in the past 12 months?
CarGurus Inc lowest stock price was $15.34 and its highest was $24.64 in the past 12 months.
What is CarGurus Inc’s market cap?
Currently, no data Available
When is CarGurus Inc’s upcoming earnings report date?
CarGurus Inc’s upcoming earnings report date is May 09, 2024 which is in 10 days.
How were CarGurus Inc’s earnings last quarter?
CarGurus Inc released its earnings results on Feb 26, 2024. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.335 by $0.015.
Is CarGurus Inc overvalued?
According to Wall Street analysts CarGurus Inc’s price is currently Undervalued.
Does CarGurus Inc pay dividends?
CarGurus Inc does not currently pay dividends.
What is CarGurus Inc’s EPS estimate?
CarGurus Inc’s EPS estimate is $0.29.
How many shares outstanding does CarGurus Inc have?
CarGurus Inc has 91,439,980 shares outstanding.
What happened to CarGurus Inc’s price movement after its last earnings report?
CarGurus Inc reported an EPS of $0.35 in its last earnings report, beating expectations of $0.335. Following the earnings report the stock price went down -1.549%.
Which hedge fund is a major shareholder of CarGurus Inc?
Among the largest hedge funds holding CarGurus Inc’s share is Gotham Asset Management LLC. It holds CarGurus Inc’s shares valued at 1M.
---
CarGurus Stock Smart Score
Neutral
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$27.00 (16.28% Upside)
$27.00 (16.28% Upside)
Blogger Sentiment
Bullish
CARG Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Decreased
By 2.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Negative
Last 7 Days ▼ 1.5%
Last 30 Days ▼ 0.5%
Last 30 Days ▼ 0.5%
News Sentiment
Neutral
Bullish news 50%
Bearish news 50%
Bearish news 50%
Technicals
SMA
Positive
20 days / 200 days
Momentum
42.71%
12-Months-Change
Fundamentals
Return on Equity
4.60%
Trailing 12-Months
Asset Growth
-0.88%
Trailing 12-Months
Company Description
CarGurus Inc
Cargurus, Inc. engages in the provision of online auto shopping. It offers proprietary technology, search algorithms, and innovative data analytics to analyze new and used car listings. The firm operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services, and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services, and other revenues from customers outside of the United States. The company was founded by Langley Steinert in 2006 and is headquartered in Cambridge, MA.
---
CARG Company Deck
---
CARG Earnings Call
Q4 2024
0:00 / 0:00
---
CARG Stock 12 Months Forecast
Average Price Target
$27.00
▲(16.28% Upside)
Technical Analysis
Best Analysts Covering CARG
1 Year
1 Year Success Rate
14/21 ratings generated profit
1 Year Average Return
+7.19%
reiterated a buy rating 2 months ago
Copying Jed Kelly's trades and holding each position for 1 Year would result in 66.67% of your transactions generating a profit, with an average return of +7.19% per trade.
---