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CarGurus Inc (CARG)
NASDAQ:CARG
CarGurus (CARG) Stock Price & Analysis
501 Followers
CARG Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$16.71 - $26.90
Previous Close$25.25
Volume874.58K
Average Volume (3M)790.31K
Market Cap
$2.63B
Enterprise Value$2.58B
Total Cash (Recent Filing)$246.34M
Total Debt (Recent Filing)$191.12M
Price to Earnings (P/E)78.8
Beta1.00
Next Earnings
Aug 08, 2024EPS Estimate
$0.34Next Dividend Ex-DateN/A
Dividend YieldN/A
Share Statistics
EPS (TTM)0.32
Shares Outstanding104,192,441
10 Day Avg. Volume1,005,188
30 Day Avg. Volume790,310
Standard Deviation0.16
R-Squared0.27
Alpha-0.01
Financial Highlights & Ratios
Price to Book (P/B)6.74
Price to Sales (P/S)2.43
Price to Cash Flow (P/CF)12.60
P/FCF Ratio36.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue2.87
Enterprise Value/Gross Profit3.95
Enterprise Value/Ebitda23.88
Forecast
1Y Price Target
$28.50Price Target Upside12.87% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering9
CarGurus News
Bulls Say, Bears Say
Bulls Say
Lead GenerationThe quality and quantity of leads grew by double-digits with a significant portion generated from mobile app users.
Product AdoptionAdoption of newer products like Digital Deal rose significantly with a large increase in dealers and leads with reservation deposits.
Revenue GrowthCarGurus is accelerating Marketplace revenue growth led by greater adoption of premium tier listings and adding new dealers at market rates.
Bears Say
Macro HeadwindsMacro headwinds remain with Digital Wholesale revenues declining and are expected to decline sequentially again.
Revenue VisibilityWith little visibility into when investors can expect CarOffer to turn the corner, more evidence is needed that newly launched products and features are driving incremental revenue.
Top-line GuidanceTop-line guidance for 2Q was a bit softer than expected, driven by ongoing retooling within CARG's Digital Wholesale business.
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Ownership Overview
32.53% Insiders
37.21% Mutual Funds
26.51% Other Institutional Investors
3.76% Public Companies and
Individual Investors
Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by CarGurus
Desktop Users
Mobile Users
CARG FAQ
What was CarGurus Inc’s price range in the past 12 months?
CarGurus Inc lowest stock price was $16.70 and its highest was $26.90 in the past 12 months.
What is CarGurus Inc’s market cap?
Currently, no data Available
When is CarGurus Inc’s upcoming earnings report date?
CarGurus Inc’s upcoming earnings report date is Aug 08, 2024 which is in 12 days.
How were CarGurus Inc’s earnings last quarter?
CarGurus Inc released its earnings results on May 09, 2024. The company reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.285 by $0.035.
Is CarGurus Inc overvalued?
According to Wall Street analysts CarGurus Inc’s price is currently Undervalued.
Does CarGurus Inc pay dividends?
CarGurus Inc does not currently pay dividends.
What is CarGurus Inc’s EPS estimate?
CarGurus Inc’s EPS estimate is $0.34.
How many shares outstanding does CarGurus Inc have?
CarGurus Inc has 88,193,270 shares outstanding.
What happened to CarGurus Inc’s price movement after its last earnings report?
CarGurus Inc reported an EPS of $0.32 in its last earnings report, beating expectations of $0.285. Following the earnings report the stock price went up 8.707%.
Which hedge fund is a major shareholder of CarGurus Inc?
Among the largest hedge funds holding CarGurus Inc’s share is Par Capital Management Inc. It holds CarGurus Inc’s shares valued at 34M.
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CarGurus Stock Smart Score
Unlock Smart Score
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Analyst Consensus
Strong Buy
Average Price Target:
$28.50 (12.87% Upside)
$28.50 (12.87% Upside)
Blogger Sentiment
Bullish
CARG Sentiment 100%
Sector Average 67%
Sector Average 67%
Hedge Fund Trend
Increased
By 1.5M Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $300.5K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 0.6%
Last 30 Days ▲ 12.5%
Last 30 Days ▲ 12.5%
Technicals
SMA
Positive
20 days / 200 days
Momentum
12.47%
12-Months-Change
Fundamentals
Return on Equity
5.74%
Trailing 12-Months
Asset Growth
-17.19%
Trailing 12-Months
Company Description
CarGurus Inc
Cargurus, Inc. engages in the provision of online auto shopping. It offers proprietary technology, search algorithms, and innovative data analytics to analyze new and used car listings. The firm operates through the following segments: United States and International. The United States segment derives revenues from marketplace subscriptions, advertising services, and other revenues from customers within the United States. The International segment includes the revenues from marketplace subscriptions, advertising services, and other revenues from customers outside of the United States. The company was founded by Langley Steinert in 2006 and is headquartered in Cambridge, MA.
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CARG Company Deck
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CARG Earnings Call
Q1 2024
0:00 / 0:00
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CARG Stock 12 Month Forecast
Average Price Target
$28.50
▲(12.87% Upside)
Technical Analysis
Best Analysts Covering CARG
1 Year
1 Year Success Rate
16/22 ratings generated profit
1 Year Average Return
+8.19%
reiterated a buy rating 3 months ago
Copying Jed Kelly's trades and holding each position for 1 Year would result in 72.73% of your transactions generating a profit, with an average return of +8.19% per trade.
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