CarGurus, Inc. (CARG)

NASDAQ: CARG · Real-Time Price · USD
31.15
-6.44 (-17.13%)
At close: Feb 21, 2025, 4:00 PM
31.26
+0.11 (0.35%)
After-hours: Feb 21, 2025, 7:26 PM EST
-17.13%
Market Cap 3.25B
Revenue (ttm) 894.38M
Net Income (ttm) 20.97M
Shares Out 104.42M
EPS (ttm) 0.20
PE Ratio 157.84
Forward PE 16.40
Dividend n/a
Ex-Dividend Date n/a
Volume 3,706,596
Open 32.30
Previous Close 37.59
Day's Range 29.85 - 33.99
52-Week Range 21.18 - 41.33
Beta 1.59
Analysts Buy
Price Target 38.41 (+23.31%)
Earnings Date Feb 20, 2025

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 2024, CarGurus's revenue was $894.38 million, a decrease of -2.17% compared to the previous year's $914.24 million. Earnings were $20.97 million, a decrease of -32.57%.

Financial Statements

Analyst Forecast

According to 11 analysts, the average rating for CARG stock is "Buy." The 12-month stock price forecast is $38.41, which is an increase of 23.31% from the latest price.

Price Target
$38.41
(23.31% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CarGurus: Momentum Breaking On Revenue Deceleration, Wait For A Better Price

CarGurus' Q4 earnings missed revenue expectations, leading to a ~10% stock drop and signaling a potential correction to value-stock territory. Despite strong dealer additions and profitability improve...

1 day ago - Seeking Alpha

CarGurus: Rocky Recovery Ahead

CarGurus, Inc. is recovering from a rough patch due to the post pandemic market swing, with improving profitability metrics and strong marketplace growth. The platform offers the best ROI for independ...

1 day ago - Seeking Alpha

CarGurus, Inc. (CARG) Q4 2024 Earnings Call Transcript

CarGurus, Inc. (NASDAQ:CARG) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Kirndeep Singh - Vice President and Head of Investor Relations Jason Trevisan - Chief E...

2 days ago - Seeking Alpha

CarGurus Announces Fourth Quarter and Full Year 2024 Results

Q4'24 Marketplace revenue grew 15% YoY Q4'24 International revenue grew 26% YoY and OEM Advertising revenue grew double-digit YoY Q4'24 Consolidated GAAP Net Income of $45.9 million; Q4'24 Non-GAAP Co...

2 days ago - GlobeNewsWire

Latest CarGurus Brand Campaign Celebrates Life's Big Deal Moments, Like Buying or Selling a Car

CarGurus' new national campaign, “Big Deal”, recognizes the important role cars play in people's lives and the significance of making the right decision.

19 days ago - GlobeNewsWire

Dealer Additions Driving CarGurus Growth

CarGurus, Inc. (CARG) adding dealers at home and abroad, making shares rise.

20 days ago - FXEmpire

CarGurus to Present at 27th Annual Needham Growth Conference

BOSTON, Jan. 08, 2025 (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...

6 weeks ago - GlobeNewsWire

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...

2 months ago - GlobeNewsWire

Four hidden gems in the stock market from a five-star fund manager

Investors might be well served by expanding beyond the S&P 500.

Other symbols: GMEDPGNYTXRH
2 months ago - CNBC Television

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.

2 months ago - GlobeNewsWire

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...

3 months 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...

3 months 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...

3 months 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.

3 months 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...

3 months 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

3 months 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...

4 months 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 , ...

4 months 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) --...

4 months 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
6 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...

6 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
6 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...

7 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...

7 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, ...

7 months ago - GlobeNewsWire