Cargurus, Inc. (CARG)

NASDAQ: CARG · IEX Real-Time Price · USD
20.52
+0.18 (0.86%)
Aug 12, 2022 11:19 AM EDT - Market open
0.86%
Market Cap 2.43B
Revenue (ttm) 1.50B
Net Income (ttm) -122.99M
Shares Out 118.38M
EPS (ttm) -0.72
PE Ratio n/a
Forward PE 15.06
Dividend n/a
Ex-Dividend Date n/a
Volume 337,942
Open 20.67
Previous Close 20.34
Day's Range 20.14 - 20.87
52-Week Range 19.05 - 50.03
Beta 1.56
Analysts Buy
Price Target 39.02 (+90.2%)
Earnings Date Aug 8, 2022

About CARG

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist a... [Read more...]

Industry Interactive Media & Services
IPO Date Oct 12, 2017
CEO Langley Steinert
Employees 1,203
Stock Exchange NASDAQ
Ticker Symbol CARG
Full Company Profile

Financial Performance

In 2021, Cargurus's revenue was $951.37 million, an increase of 72.52% compared to the previous year's $551.45 million. Earnings were $109.24 million, an increase of 40.86%.

Financial Statements

Analyst Forecast

According to 20 analysts, the average rating for CARG stock is "Buy." The 12-month stock price forecast is 39.02, which is an increase of 90.20% from the latest price.

Price Target
$39.02
(90.20% upside)
Analyst Consensus: Buy
Stock Forecasts

News

CarGurus Slumps, Company Sees Slowing Q3 Sales, Reduced Demand for Cars

Shares of online automotive platform CarGurus fell as much as 15% in extended trading Monday (Aug 8) after the Cambridge, Mass-based company said its sales for the current quarter would slow from Q2.

CarGurus (CARG) Q2 Earnings and Revenues Beat Estimates

CarGurus (CARG) delivered earnings and revenue surprises of 10.34% and 0.88%, respectively, for the quarter ended June 2022. Do the numbers hold clues to what lies ahead for the stock?

Carvana rivals' stocks plunge after earnings

While Carvana Inc. shares soared despite weaker-than-expected financial results last week, two of the online car-seller's smaller rivals were not as fortunate Monday.

Other symbols: VRM

CarGurus Announces Second Quarter 2022 Results

Second Quarter Highlights:

CarGurus Study Finds Rising Canadian Consumer Interest in Electric Vehicles Despite Cost, Charging Barriers

Tesla still top brand among consumers, followed by Toyota, Honda Tesla still top brand among consumers, followed by Toyota, Honda

CarGurus Appoints Javier Zamora as General Counsel

Former Nike, Converse attorney to lead CarGurus' legal team Former Nike, Converse attorney to lead CarGurus' legal team

CarGurus to Report Second Quarter 2022 Financial Results

CAMBRIDGE, Mass., July 18, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced it will issue a press release re...

CarOffer Launches PremiumXchange™, Creating the Largest Non-Affiliated Online Pre-Owned Vehicle Exchange Desk in the ...

Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices Over 10,000 enrolled dealerships enabled to exchange vehicles at pre-determined prices

CarGurus™ Instant Max Cash Offer Expands to Five New States

Consumers in Nevada, Utah, New Mexico, Colorado, and Washington now able to sell their cars 100% online Consumers in Nevada, Utah, New Mexico, Colorado, and Washington now able to sell their cars 100% o...

CarGurus Launches Digital Platform to Connect Dealers With Shoppers

Online vehicle platform CarGurus has debuted CarGurus Digital Deal, a new retail offering that allows shoppers create personalized deals that meet their budgetary needs through dealers' listing pages, a...

CarGurus' New Digital Deal Solution Enables Dealers to Sell More Cars Through Access to Today's Online Shopper

Digital Deal delivers purchase-ready consumers through streamlined online-to-in-store buying experience Digital Deal delivers purchase-ready consumers through streamlined online-to-in-store buying exper...

CarGurus Hits Connected Economy Speed Bump as US Monthly Users Slide 15%

Growth, yes, in the rearview mirror, and growth still lies ahead, for CarGurus — certainly on the company's top line. But for the online auto platform, the question is what happens to margins, and what ...

CarGurus (CARG) Q1 Earnings and Revenues Top Estimates

CarGurus (CARG) delivered earnings and revenue surprises of 2.86% and 6.28%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

CarGurus beats Q1 expectations, but stock falls

Shares of CarGurus Inc. CARG, -6.05% dropped 12% in the extended session Monday after the online car marketplace reported first-quarter earnings and sales that beat Wall Street expectations, but called ...

CarGurus Announces First Quarter 2022 Results

First Quarter Highlights:

GPC or CARG: Which Is the Better Value Stock Right Now?

GPC vs. CARG: Which Stock Is the Better Value Option?

Other symbols: GPC

CarGurus Study Finds Rising Consumer Interest in Electric Vehicles as Gas Prices Spike

Tesla still top brand among consumers, but losing market share as other brands bring EVs to market Tesla still top brand among consumers, but losing market share as other brands bring EVs to market

CarGurus Announces 2022 Investor Day

CAMBRIDGE, Mass., May 03, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced today that it will host an Invest...

EV Enthusiasm Growing But Tenuous CarGurus Study Shows

Higher gas prices have sparked interest in electric vehicles but a CarGurus consumer survey finds it will take more than that to get drivers to switch from cars powered by gas to those that run on batte...

Electric Vehicles: More people are inclined to buy an EV as gas prices soar, CarGurus says

Cargurus.com Director of Consumer Insights Madison Edwards spoke with Yahoo Finance Live reporter Pras Subramanian to talk about the best states to drive an EV in, consumers' inclinations to buy an EV, ...

GPC vs. CARG: Which Stock Is the Better Value Option?

GPC vs. CARG: Which Stock Is the Better Value Option?

Other symbols: GPC

CarGurus to Report First Quarter 2022 Financial Results

CAMBRIDGE, Mass., April 18, 2022 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, announced it will issue a press release r...

CarOffer's Kim Jenkins Named Vice President of Consumer Operations

ADDISON, Texas , April 11, 2022 /PRNewswire/ -- CarOffer, the fast-growing inventory acquisition innovator and part of the CarGurus network (Nasdaq: CARG), proudly announced Kim Jenkins has been named V...

Supply chain challenges remain in autos, says CarGurus' Kevin Roberts

Kevin Roberts, CarGurus director of insights and analytics, joins 'The Exchange' to discuss auto sales and supply chain challenges.

This Stock Is Crushing the Market in 2022, and You've Probably Never Heard of It

It may not be a household name, but investors should take notice.