CarGurus, Inc. (CARG)

NASDAQ: CARG · Real-Time Price · USD
35.62
-0.11 (-0.31%)
Nov 22, 2024, 4:00 PM EST - Market closed
-0.31%
Market Cap 3.69B
Revenue (ttm) 888.97M
Net Income (ttm) -48.65M
Shares Out 103.71M
EPS (ttm) -0.46
PE Ratio n/a
Forward PE 18.81
Dividend n/a
Ex-Dividend Date n/a
Volume 639,600
Open 36.08
Previous Close 35.73
Day's Range 35.55 - 36.22
52-Week Range 21.02 - 37.94
Beta 1.55
Analysts Buy
Price Target 37.86 (+6.29%)
Earnings Date Nov 7, 2024

About 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... [Read more]

IPO Date Oct 12, 2017
Employees 1,343
Stock Exchange NASDAQ
Ticker Symbol CARG
Full Company Profile

Financial Performance

In 2023, CarGurus's revenue was $914.24 million, a decrease of -44.76% compared to the previous year's $1.66 billion. Earnings were $31.10 million, a decrease of -83.95%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for CARG stock is "Buy." The 12-month stock price forecast is $37.86, which is an increase of 6.29% from the latest price.

Price Target
$37.86
(6.29% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CarGurus: Solid Monetization Strategy, But Upside Is Limited

CARG's growth outlook is positive, driven by successful monetization of new products and increased dealer engagement, leading to mid-single-digit growth over the next two years. Recent earnings result...

1 day ago - Seeking Alpha

CarGurus to Present at RBC Capital Markets 2024 Global Technology, Internet, Media and Telecommunications Conference

BOSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Elisa Pa...

10 days ago - GlobeNewsWire

CarGurus, Inc. (CARG) Q3 2024 Earnings Call Transcript

CarGurus, Inc. (NASDAQ:CARG) Q3 2024 Earnings Conference Call November 7, 2024 5:00 PM ET Company Participants Kirndeep Singh - Vice President and Head of Investor Relations Jason Trevisan - Chief Ex...

13 days ago - Seeking Alpha

CarGurus Analysts Boost Their Forecasts Following Better-Than-Expected Earnings

CarGurus, Inc. CARG reported better-than-expected third-quarter financial results and issued FY24 guidance EPS guidance above estimates.

14 days ago - Benzinga

CarGurus shares rally after fourth-quarter forecast, but this hurdle lies ahead

Shares of CarGurus Inc. rallied after hours on Thursday, after the online car-buying platform offered a fourth-quarter forecast that was above expectations, as it tries to make deeper inroads with car...

15 days ago - Market Watch

CarGurus' Latest Digital Retail Solution Connects Canadian Dealers with Purchase-Ready Shoppers More Efficiently

CarGurus introduced a new digital retail solution that powers more seamless and efficient connections between Canadian dealers and purchase-ready shoppers

18 days ago - GlobeNewsWire

CarGurus To Report Third Quarter 2024 Financial Results

BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a pre...

5 weeks ago - GlobeNewsWire

CarGurus Celebrates Opening of New Global Headquarters in Boston

As the anchor tenant at 1001 Boylston St., CarGurus debuts state-of-the-art space designed to maximize connectivity, collaboration, and innovation BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- CarGurus , ...

5 weeks ago - GlobeNewsWire

Need for Vehicle Affordability Becoming More Pronounced, According to New CarGurus Report

Analysis of third quarter trends also highlights hybrid demand overtaking electric vehicles, the ongoing balance between new car inventory and sales, and more BOSTON, Oct. 08, 2024 (GLOBE NEWSWIRE) --...

6 weeks ago - GlobeNewsWire

Meta, Bank of America And 2 Other Stocks Executives Are Selling

The Nasdaq 100 closed lower by around 0.1% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.

Other symbols: METABACCHRW
3 months ago - Benzinga

CarGurus to Present at Citi's 2024 Global TMT Conference

CAMBRIDGE, Mass., Aug. 29, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced tha...

3 months ago - GlobeNewsWire

Eli Lilly To Rally Around 15%? Here Are 10 Top Analyst Forecasts For Monday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

Other symbols: LLYCLSKHHIHOODPCTPLUG
3 months ago - Benzinga

CarGurus, Inc. (CARG) Q2 2024 Earnings Call Transcript

CarGurus, Inc. (NASDAQ:CARG) Q2 2024 Earnings Conference Call August 8, 2024 5:00 PM ET Company Participants Kirndeep Singh - Vice President and Head of Investor Relations Jason Trevisan - Chief Exec...

3 months ago - Seeking Alpha

CarGurus' stock gains more than 10% after online platform says it is becoming ‘integral' for dealers

CarGurus Inc. shares rallied more than 10% in the after-hours session Thursday after the online car-sales platform posted better-than-expected quarterly results and an adjusted profit guidance that wa...

3 months ago - Market Watch

CarGurus Announces Second Quarter 2024 Results

Q2'24 Marketplace revenue accelerated to 14% YoY, marking the third consecutive quarter of double-digit growth Consolidated GAAP Net Loss of $68.7 million1; Non-GAAP Adjusted EBITDA of $55.6 million, ...

3 months ago - GlobeNewsWire

CarGurus To Report Second Quarter 2024 Financial Results

CAMBRIDGE, Mass., July 18, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will i...

4 months ago - GlobeNewsWire

These small-cap stocks score highest when screened for quality

After years of dominance by the largest tech companies in the U.S. stock market, interest is spreading to overlooked companies that might be a better value for investors looking to diversify, lower th...

4 months ago - Market Watch

CarGurus: The Rebound Rally Has Steam

CarGurus is poised for a rebound as the company has turned around its marketplace business. It is now back to growing paid dealership counts, after several quarters of decline. User traffic is also re...

5 months ago - Seeking Alpha

Stabilizing Prices and Growing Inventory Create Bright Spots for Cost-Conscious Shoppers

CarGurus mid-year analysis finds sedans, electric vehicles, and 2023 models offer biggest opportunities on the road toward affordability CAMBRIDGE, Mass., June 20, 2024 (GLOBE NEWSWIRE) -- CarGurus (N...

5 months ago - GlobeNewsWire

CarGurus to Present at William Blair's 44th Annual Growth Stock Conference

CAMBRIDGE, Mass., May 28, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that...

6 months ago - GlobeNewsWire

CarGurus to Present at the J.P. Morgan 52nd Annual Global Technology, Media and Communications Conference

CAMBRIDGE, Mass., May 10, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that...

7 months ago - GlobeNewsWire

CarGurus, Inc. (CARG) Q1 2024 Earnings Call Transcript

CarGurus, Inc. (NASDAQ:CARG) Q1 2024 Earnings Call Transcript May 9, 2024 5:00 PM ET Company Participants Kirndeep Singh - VP, Head of IR Jason Trevisan - CEO Elisa Palazzo - President and COO Sam Za...

7 months ago - Seeking Alpha

CarGurus Announces First Quarter 2024 Results

1Q'24 Marketplace Revenue and QARSD growth accelerated further to 12% YoY and 14% YoY, respectively 1Q'24 Consolidated Net Income of $21.3 million, up 80% YoY; 1Q'24 Non-GAAP Adjusted EBITDA of $50.4 ...

7 months ago - GlobeNewsWire

CarGurus To Report First Quarter 2024 Financial Results

CAMBRIDGE, Mass., April 18, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will ...

7 months ago - GlobeNewsWire

CarGurus: Repositioned For Growth

CarGurus is a solid turnaround name that is insulated from market volatility and has a reasonable valuation. The company is the #1 site for used car research in the U.S. and has seen re-accelerating g...

7 months ago - Seeking Alpha