CarGurus, Inc. (CARG)
Market Cap | 3.73B |
Revenue (ttm) | 888.97M |
Net Income (ttm) | -48.65M |
Shares Out | 103.71M |
EPS (ttm) | -0.46 |
PE Ratio | n/a |
Forward PE | 18.98 |
Dividend | n/a |
Ex-Dividend Date | n/a |
Volume | 245,328 |
Open | 36.06 |
Previous Close | 36.03 |
Day's Range | 35.66 - 36.24 |
52-Week Range | 21.18 - 39.10 |
Beta | 1.59 |
Analysts | Buy |
Price Target | 37.86 (+5.4%) |
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]
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 11 analysts, the average rating for CARG stock is "Buy." The 12-month stock price forecast is $37.86, which is an increase of 5.40% from the latest price.
News
CarGurus Study Uncovers Shift in Car Shopper Sentiment as Prices and Selection Improve
Seventh annual survey finds consumer satisfaction and buying power on the rise as shoppers increasingly tap the power of online tools to research and guide their decisions BOSTON, Dec. 17, 2024 (GLOBE...
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CarGurus Examines 2024 Auto Market Influences and Expectations for 2025 Following a Year Defined by Affordability
CarGurus today released its 2024 Recap & 2025 Outlook, spotlighting this year's biggest market influences, as well as expectations for the next year.
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...
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...
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...
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.
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...
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
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...
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 , ...
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) --...
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The Nasdaq 100 closed lower by around 0.1% during Thursday's session. Investors, meanwhile, focused on some notable insider trades.
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...
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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...
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...
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, ...
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...
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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...
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...
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, 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...