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CarGurus Inc (CARG)
NASDAQ:CARG
CarGurus (CARG) Stock Price & Analysis
485 Followers
CARG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$16.71 - $24.76
Previous Close$24.22
Volume940.78K
Average Volume (3M)1.13M
Market Cap
$2.54B
Enterprise Value$2.49B
Total Cash (Recent Filing)$246.34M
Total Debt (Recent Filing)$191.12M
Price to Earnings (P/E)75.5
Beta1.23
Next Earnings
Aug 07, 2024EPS Estimate
$0.32Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.32
Shares Outstanding104,192,441
10 Day Avg. Volume908,536
30 Day Avg. Volume1,133,713
Standard Deviation0.16
R-Squared0.28
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)5.79
Price to Sales (P/S)9.83
Price to Cash Flow (P/CF)252.80
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.77
Enterprise Value/Gross Profit3.82
Enterprise Value/Ebitda23.05
Forecast
1Y Price Target
$27.67Price Target Upside15.05% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering8
CarGurus News
Bulls Say, Bears Say
Bulls Say
Financial PerformanceCarGurus, Inc. delivered solid results, beating both top- and bottom-line estimates.
Market ExpansionInternational segment grew 24% due to a combination of growth and an estimated 60% pickup in advertising & other revenue.
Product EnhancementThe company is enhancing their product to help dealers make smarter wholesale decisions.
Bears Say
Business Segment PerformanceCarOffer's delayed contribution to business growth is now projected to be a significant factor later than initially anticipated, potentially affecting near-term investor sentiment.
EarningsCARG's guidance for Q1 revenue is lower than expected, which may lead to investor disappointment.
GuidanceTop-line guidance for the upcoming quarter was softer than expected, indicating potential headwinds for revenue growth.
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Ownership Overview
32.37% Insiders
36.44% Mutual Funds
29.84% Other Institutional Investors
1.35% 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 $16.70 and its highest was $24.76 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 Aug 07, 2024 which is in 85 days.
How were CarGurus Inc’s earnings last quarter?
CarGurus Inc released its earnings results on May 09, 2024. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.285 by $0.035.
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 $0.32.
How many shares outstanding does CarGurus Inc have?
CarGurus Inc has 88,951,240 shares outstanding.
What happened to CarGurus Inc’s price movement after its last earnings report?
CarGurus Inc reported an EPS of $0.32 in its last earnings report, beating expectations of $0.285. Following the earnings report the stock price went up 8.707%.
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.
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CarGurus Stock Smart Score
Outperform
1
2
3
4
5
6
7
8
9
10
Analyst Consensus
Moderate Buy
Average Price Target:
$27.67 (15.05% Upside)
$27.67 (15.05% Upside)
Blogger Sentiment
Bullish
CARG Sentiment 100%
Sector Average 66%
Sector Average 66%
Hedge Fund Trend
Decreased
By 2.0M Shares
Last Quarter.
Last Quarter.
Crowd Wisdom
Very Positive
Last 7 Days ▲ 3.5%
Last 30 Days ▲ 3.5%
Last 30 Days ▲ 3.5%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
28.76%
12-Months-Change
Fundamentals
Return on Equity
5.74%
Trailing 12-Months
Asset Growth
-17.19%
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.
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CARG Company Deck
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CARG Earnings Call
Q1 2024
0:00 / 0:00
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CARG Stock 12 Month Forecast
Average Price Target
$27.67
▲(15.05% Upside)
Technical Analysis
Best Analysts Covering CARG
1 Year
1 Year Success Rate
15/22 ratings generated profit
1 Year Average Return
+7.54%
reiterated a buy rating 4 days ago
Copying Jed Kelly's trades and holding each position for 1 Year would result in 68.18% of your transactions generating a profit, with an average return of +7.54% per trade.
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