CarGurus, Inc. (CARG)

NASDAQ: CARG · IEX Real-Time Price · USD
21.82
+0.21 (0.95%)
Nov 29, 2023, 10:36 AM EST - Market open
0.95%
Market Cap 2.45B
Revenue (ttm) 977.86M
Net Income (ttm) 214.09M
Shares Out 112.27M
EPS (ttm) 0.73
PE Ratio 30.10
Forward PE 17.74
Dividend n/a
Ex-Dividend Date n/a
Volume 133,154
Open 21.74
Previous Close 21.61
Day's Range 21.74 - 22.02
52-Week Range 11.81 - 24.22
Beta 1.57
Analysts Buy
Price Target 23.33 (+6.95%)
Earnings Date Nov 7, 2023

About CARG

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale 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 to dealers and other consumers. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under ... [Read more]

IPO Date Oct 12, 2017
Employees 1,403
Stock Exchange NASDAQ
Ticker Symbol CARG
Full Company Profile

Financial Performance

Financial Statements

Analyst Forecast

According to 12 analysts, the average rating for CARG stock is "Buy." The 12-month stock price forecast is $23.33, which is an increase of 6.95% from the latest price.

Price Target
$23.33
(6.95% upside)
Analyst Consensus: Buy
Stock Forecasts

News

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...

19 days ago - GlobeNewsWire

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.

19 days ago - PYMNTS

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...

21 days ago - Market Watch

CarGurus Agrees to Fully Acquire CarOffer

CAMBRIDGE, Mass., Nov. 07, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.

21 days ago - GlobeNewsWire

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

21 days ago - GlobeNewsWire

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.

4 weeks ago - CNBC Television

CarGurus Appoints Elisa Palazzo as Chief Financial Officer

CAMBRIDGE, Mass., Oct. 30, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.

4 weeks ago - GlobeNewsWire

CarGurus Welcomes Automotive Industry Veteran Zach Hallowell as Head of Industry Transformation

CAMBRIDGE, Mass., Oct. 18, 2023 (GLOBE NEWSWIRE) -- CarGurus (Nasdaq: CARG), the No.

6 weeks ago - GlobeNewsWire

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...

6 weeks ago - GlobeNewsWire

How UAW strike will benefit online auto advertisers like CarGurus and Cars.com

Tom White, senior research analyst at D.A. Davidson, joins 'The Exchange' to discuss how online auto advertisers like cars.com and CarGurus will benefit from the ongoing auto strike, what this strike ...

Other symbols: CARS
2 months ago - CNBC Television

Why Analysts Love These 2 Car Sales Platforms, And Avoid Dealers

Remember when every car dealer on the street had no inventory and lead times extended up to a year for specific brands? The chip shortage causing supply bottlenecks in motor vehicles is taking a back ...

Other symbols: CARS
3 months ago - MarketBeat

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CarGurus, Inc. - CARG

NEW YORK , Aug. 28, 2023 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of CarGurus, Inc. ("CarGurus" or the "Company") (NASDAQ: CARG). Such investors are advised to cont...

3 months ago - PRNewsWire

Don't Like Carvana? You Might Love CarGurus

It seems customary to put valuations on high-growth internet stocks that are absolutely insane. Yet CarGurus Inc. ( CARG , Financial) seems to get different treatment.

3 months ago - GuruFocus

CarGurus Announces Second Quarter 2023 Results

GAAP consolidated net income was $13.8 million; Consolidated Adjusted EBITDA was $45.2 million, exceeding high-end of guidance range Digital Wholesale demonstrated ongoing efficiency in operating metr...

3 months ago - GlobeNewsWire

CarGurus To Report Second Quarter 2023 Financial Results

CAMBRIDGE, Mass., Aug. 07, 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...

4 months ago - GlobeNewsWire

CarGurus stock tanks 6% after online car marketplace delays earnings report

Shares of CarGurus Inc. CARG, -3.89% dropped nearly 6% in the extended session Thursday after the online car marketplace postponed its second quarter earnings release and conference call with analysts...

4 months ago - Market Watch

CarGurus Delays Earnings Release and Conference Call

CAMBRIDGE, Mass., Aug. 03, 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...

4 months ago - GlobeNewsWire

Autolist's Annual Electric Vehicle Survey Reveals Potential Challenges to Widespread Consumer Adoption

Car shopper feedback shows concerns easing around the switch to electric vehicles (EVs), but those resisting EVs are becoming more entrenched in their views Car shopper feedback shows concerns easing ...

4 months ago - GlobeNewsWire

CarGurus Announces Appointment of Manik Gupta to Board of Directors

Gupta brings product leadership and vision scaling global platforms to Board position with the nation's most visited automotive shopping site1

4 months ago - GlobeNewsWire

CarGurus Further Enhances Automotive Search and Shopping with Introduction of ChatGPT Plugin

The most visited automotive shopping site in the U.S.¹ builds on its artificial intelligence (AI) capabilities to help shoppers discover their best-fit next car with greater ease The most visited auto...

5 months ago - GlobeNewsWire

Dealer Demand to Connect More Efficiently with Digitally-Driven Shoppers Fuels Success of CarGurus Digital Retail Solution

One year after launch, Digital Deal is one of CarGurus' fastest-growing innovations, supporting dealer goals for sales velocity and improved customer satisfaction by delivering leads that are up to 5....

5 months ago - GlobeNewsWire

U.S. stocks appear headed for a flat open, but keep an eye peeled Monday for Dish, Gannett, Palo Alto Networks, CarGurus and others

Here are some prospective movers to keep an eye on Monday, when the U.S. stock market, as of early Sunday evening Eastern time, appeared poised for a muted start to the new week.

Other symbols: GCIPANWDISH
6 months ago - Market Watch

CarGurus stock rallies after hours as results, forecast beat estimates

Online car-buying platform CarGurus Inc. CARG on Tuesday reported first-quarter results and a second-quarter forecast that topped Wall Street's estimates, sending shares 10.9% higher in after-hours tr...

7 months ago - Market Watch

CarGurus Announces First Quarter 2023 Results

First Quarter Highlights: Total revenue of $232.0 million GAAP operating income of $14.1 million; non-GAAP operating income of $36.6 million GAAP consolidated net income of $11.9 million; non-GAAP con...

7 months ago - GlobeNewsWire

CarGurus to Report First Quarter 2023 Financial Results

CAMBRIDGE, Mass., April 18, 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 ...

8 months ago - GlobeNewsWire