CarGurus, Inc. (CARG)
| Market Cap | 2.65B |
| Revenue (ttm) | 898.08M |
| Net Income (ttm) | 36.27M |
| Shares Out | 104.11M |
| EPS (ttm) | 0.29 |
| PE Ratio | 87.90 |
| Forward PE | 17.88 |
| Dividend | n/a |
| Ex-Dividend Date | n/a |
| Volume | 560,281 |
| Open | 24.91 |
| Previous Close | 24.98 |
| Day's Range | 24.82 - 25.55 |
| 52-Week Range | 16.71 - 26.90 |
| Beta | 1.55 |
| Analysts | Buy |
| Price Target | 26.13 (+2.51%) |
| Earnings Date | Aug 1, 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]
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 StatementsAnalyst Forecast
According to 12 analysts, the average rating for CARG stock is "Buy." The 12-month stock price forecast is $26.13, which is an increase of 2.51% from the latest price.
News
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...
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...
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...
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 ...
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 ...
Hope on the Horizon: CarGurus Q1 2024 Report Reveals Inventory and Demand are Rebounding as Prices Improve
The CarGurus Quarterly Review for Q1 2024 reviews the key trends influencing pricing, inventory, and demand for new and used vehicles so far this year.
CarGurus Study Reveals Shifting Consumer Preferences as Automotive Landscape Evolves and Costs Remain Elevated
CAMBRIDGE, Mass., March 25, 2024 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.
Earnings Season Shows Some Momentum for Online Car Platforms
Through the past several months, buying a car — used or new — has been, to put it mildly, out of reach. Inflation has run rampant.
CarGurus had a better quarter, but all eyes focus on weaker guidance
CarGurus Inc. shares fell more than 11% in the extended session Monday after investors looked past a better-than-expected quarter for the online car-selling platform to zero in on weaker current-quart...
CarGurus Announces Fourth Quarter and Full-Year 2023 Results
4Q'23 Marketplace Revenue further accelerated to 10% YoY, fastest pace in 10 quarters 4Q'23 Consolidated Net Loss of $(22.6) million, down 197% YoY; 4Q'23 Non-GAAP Consolidated Adjusted EBITDA of $61....
CarGurus To Report Fourth Quarter and Full-Year 2023 Financial Results
CAMBRIDGE, Mass., Feb. 01, 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...
CarGurus Partners with Chase to Expand Consumer Financing Options
CAMBRIDGE, Mass., Jan. 29, 2024 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.
CarGurus to Present at 26th Annual Needham Growth Conference
CAMBRIDGE, Mass., Jan. 11, 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 th...
CarGurus' New Brand Campaign, "Your Car, Your Way," Captures the Elusive Experience of Having Everything Go Your Way
CarGurus today released its new brand campaign, “Your Car, Your Way,” spotlighting the satisfying feeling of having everything happen exactly as you'd want
CarGurus Adds Ismail Elshareef as Chief Product Officer
CAMBRIDGE, Mass., Dec. 14, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.
CarGurus Finalizes Acquisition of CarOffer
CAMBRIDGE, Mass., Dec. 04, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.
CarGurus to Present at Upcoming Conferences
CAMBRIDGE, Mass., Nov. 09, 2023 (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...
Digital Automotive Platforms Add Features and Cut Costs Amid Challenges
Digital automotive platforms are adding features and cutting costs as they continue to cope with a challenging economic environment. CarGurus executives said Tuesday (Nov.
CarGurus' stock leaps 6% on earnings beat, deal to buy CarOffer
Shares of CarGurus Inc. CARG, -0.76% rose more than 6% in the extended session Tuesday after the online car marketplace reported third-quarter results that were above Wall Street expectations. CarGuru...
CarGurus Agrees to Fully Acquire CarOffer
CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.
CarGurus Announces Third Quarter 2023 Results
Marketplace revenue growth accelerated to 8% YoY in the third quarter with similarly high single-digit YoY growth expected in the fourth quarter
EV sales are up but not all EVs are selling at the same rate, says CarGurus' Kevin Roberts
Kevin Roberts, CarGurus, joins 'Fast Money' to talk ballooning EV inventory at car dealerships and what it means for the EV industry as a whole.
CarGurus Appoints Elisa Palazzo as Chief Financial Officer
CAMBRIDGE, Mass., Oct. 30, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.
CarGurus Welcomes Automotive Industry Veteran Zach Hallowell as Head of Industry Transformation
CAMBRIDGE, Mass., Oct. 18, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.
CarGurus To Report Third Quarter 2023 Financial Results
CAMBRIDGE, Mass., Oct. 17, 2023 (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...