Skip to main content

Cargurus, Inc. (CARG)

NASDAQ: CARG · IEX Real-Time Price · USD
34.66 -0.40 (-1.14%)
Oct 15, 2021 4:00 PM EDT - Market closed
Market Cap4.07B
Revenue (ttm)688.14M
Net Income (ttm)108.14M
Shares Out117.12M
EPS (ttm)0.93
PE Ratio37.31
Forward PE25.45
Dividendn/a
Ex-Dividend Daten/a
Volume723,612
Open35.55
Previous Close35.06
Day's Range34.30 - 35.55
52-Week Range19.24 - 36.54
Beta1.83
AnalystsBuy
Price Target38.17 (+10.1%)
Est. Earnings DateNov 4, 2021

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...

IndustryInteractive Media & Services
IPO DateOct 12, 2017
CEOLangley Steinert
Employees827
Stock ExchangeNASDAQ
Ticker SymbolCARG
Full Company Profile

Financial Performance

In 2020, Cargurus's revenue was $551.45 million, a decrease of -6.36% compared to the previous year's $588.92 million. Earnings were $77.55 million, an increase of 84.01%.

Financial Statements

Analyst Forecast

According to 14 analysts, the average rating for Cargurus stock is "Buy." The 12-month stock price forecast is 38.17, which is an increase of 10.13% from the latest price.

Price Target
$38.17
(10.13% upside)
Analyst Consensus: Buy

News

CarGurus™ Instant Max Cash Offer Expands to Cover Nearly Half of the U.S. Population

Rollout Gives Consumers Access to Highly Competitive Offers, While Opening Up Fresh Used Inventory to Dealers Rollout Gives Consumers Access to Highly Competitive Offers, While Opening Up Fresh Used Inv...

1 week ago - GlobeNewsWire

CarGurus' Latest Digital Retail Capabilities Spotlighted in New Brand Creative

“Do More From Home” Campaign Shows How CarGurus Instills Confidence in Vehicle Transactions “Do More From Home” Campaign Shows How CarGurus Instills Confidence in Vehicle Transactions

1 week ago - GlobeNewsWire

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

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

Other symbols:GPC
2 weeks ago - Zacks Investment Research

CarGurus Announces 3rd Annual Navigate Conference

Inspiring Sessions and a Diverse Agenda Headline Virtual Event for Dealers Inspiring Sessions and a Diverse Agenda Headline Virtual Event for Dealers

3 weeks ago - GlobeNewsWire

CarGurus™ Instant Max Cash Offer Rolls Out to Five More States

Feature Gives Dealers Competitive Used Inventory Acquisition Channel; Consumers Drawn to Digital Process Feature Gives Dealers Competitive Used Inventory Acquisition Channel; Consumers Drawn to Digital ...

1 month ago - GlobeNewsWire

CarGurus to Present at Upcoming Conferences

CAMBRIDGE, Mass., Sept. 02, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a multinational, online automotive platform for buying and selling vehicles, today announced that Jason Trevisan, Chie...

1 month ago - GlobeNewsWire

CarGurus (CARG) Now Trades Above Golden Cross: Time to Buy?

Should investors be excited or worried when a stock's 50 -day simple moving average crosses above the 200-day simple moving average?

1 month ago - Zacks Investment Research

CarGurus (CARG): Strong Industry, Solid Earnings Estimate Revisions

CarGurus (CARG) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

1 month ago - Zacks Investment Research

Should you invest in CarGurus shares after an upgrade from RBC?

On Thursday, CarGurus Inc. (NASDAQ:CARG) shares surged more than 4% after RBC Capital Markets analysts upgraded the stock from sector-perform (neutral) to outperform (buy). Analyst Brad Erickson cited C...

1 month ago - Invezz

CarGurus Announces 2021 Best Used Car Awards

Program Identifies Best Used Vehicles Across Ten Body Style Categories; Mazda CX-5 Earns Editor's Choice as 2021's Best Overall Used Vehicle Program Identifies Best Used Vehicles Across Ten Body Style C...

2 months ago - GlobeNewsWire

Demand for cars is high, but supply is still constrained

CarGurus CEO Jason Trevisan joins The Exchange to discuss his company's recent earnings report and recent trends in car shopping. The company's Q2 earnings report was stronger than expected due to a hig...

2 months ago - CNBC Television

CarGurus (CARG) Tops Q2 Earnings and Revenue Estimates

CarGurus (CARG) delivered earnings and revenue surprises of 70.83% and 14.60%, respectively, for the quarter ended June 2021. Do the numbers hold clues to what lies ahead for the stock?

2 months ago - Zacks Investment Research

Recap: CarGurus Q2 Earnings

Shares of CarGurus (NASDAQ:CARG) rose in after-market trading after the company reported Q2 results. Quarterly Results Earnings per share rose 115.79% over the past year to $0.41, which beat the estimat...

2 months ago - Benzinga

CarGurus Announces Second Quarter 2021 Results

Second Quarter Highlights:

2 months ago - GlobeNewsWire

3 Stocks Insiders Are Buying

When insiders purchase shares, it indicates their confidence in the company's prospects or that they view the stock as a bargain. Either way, this signals an opportunity to go long on the stock.

Other symbols:CTASDRI
2 months ago - Benzinga

CarGurus Launches Tool To Bring Dealers, Buyers Together

Car dealers need used vehicles. Car buyers want to sell, but they're not crazy about walking into a dealership.

2 months ago - PYMNTS

Consumers Can Sell Vehicles 100% Online with CarGurus Instant Max Cash Offer

Dealerships Gain Digital Inventory Acquisition Channel to Tackle Industry Shortages Dealerships Gain Digital Inventory Acquisition Channel to Tackle Industry Shortages

2 months ago - GlobeNewsWire

CarGurus Launches New Service To Connect Used Car Owners And Dealers

CarGurus' data shows the average used vehicle price exceeded $28,269 in June, up 38.6% from a year earlier, while the average new vehicle sold for just under $42,000 in June, or 11.2% than a year earlier.

2 months ago - Forbes

CarGurus to Report Second Quarter 2021 Financial Results

CAMBRIDGE, Mass., July 19, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global online automotive marketplace, announced it will issue a press release reporting financial results for...

2 months ago - GlobeNewsWire

CarGurus Launches New TV Campaign in Canada, Putting Car Buying Confidence in the Limelight

Creative work highlights transparent experience, allowing car shoppers to find great deals Creative work highlights transparent experience, allowing car shoppers to find great deals

3 months ago - GlobeNewsWire

CarGurus Study Finds Over a Third of Canadian Car Shoppers Hope to Own an Autonomous Vehicle in Next Decade

Comfort with self-driving technology grows, but hesitations around safety and cost remain Comfort with self-driving technology grows, but hesitations around safety and cost remain

3 months ago - GlobeNewsWire

CarGurus, Inc. Appoints Yvonne Hao to Board of Directors

Former PillPack Senior Executive Brings Strategic Operational Expertise to Automotive Marketplace Former PillPack Senior Executive Brings Strategic Operational Expertise to Automotive Marketplace

4 months ago - GlobeNewsWire

Chipotle Mexican Grill, Dick's Sporting Goods, Nvidia and More Thursday Afternoon Analyst Calls

With the trading day more than halfway over, the markets were pushing higher yet again.

Other symbols:CMGDKSNVDAAEOANFEXPE
4 months ago - 24/7 Wall Street

CarGurus to Present at William Blair's 41st Annual Growth Stock Conference

CAMBRIDGE, Mass., May 25, 2021 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), a leading global online automotive marketplace, announced that Jason Trevisan, Chief Executive Officer and Scot Fredo, C...

4 months ago - GlobeNewsWire

CarOffer's Dealer Enrollments Soar as its Instant Used Vehicle Trading Platform Provides Much Needed Inventory Supply

More than 1,400 New Dealer Enrollments in March and April; Scott Johnston Named Chief Operating Officer More than 1,400 New Dealer Enrollments in March and April; Scott Johnston Named Chief Operating Of...

4 months ago - GlobeNewsWire