CARG - CarGurus, Inc.
| Previous Close | 27.71 |
| Open | 28.00 |
| Bid | 28.00 x 1000 |
| Ask | 28.02 x 1400 |
| Day's Range | 27.59 - 28.76 |
| 52 Week Range | 24.80 - 45.25 |
| Volume | 1,829,773 |
| Avg. Volume | 1,264,867 |
| Market Cap | 3.144B |
| Beta (5Y Monthly) | 1.88 |
| PE Ratio (TTM) | 75.68 |
| EPS (TTM) | 0.37 |
| Earnings Date | Feb 12, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 39.73 |
- PR Newswire
Investor Alert: Kaplan Fox Investigates CarGurus, Inc.
Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of CarGurus, Inc. ("CarGurus" or the "Company") (Nasdaq: CARG). Investors who purchased CarGurus securities may be affected.
- TipRanks
2 Beaten-Down Stocks That Offer Compelling Buying Opportunity
Investors’ initial reaction to a beaten-down stock is a very human one. Nobody’s natural inclination is geared towards backing a losing horse, so when we see a stock that has been hit hard, our innate tendency is to stay away and seek out the more successful names.But as any investor worth their salt already knows, while there’s certainly a degree of risk involved, the down-trodden tickers can be the ones set to present intrepid investors with the most abundant returns. Where investing skill really comes into play, though, is finding the most compelling choices.Taking this into account, we found two stocks currently on the receiving end of a beating from the market. The two, though, have also been getting some support from the Street, with certain analysts foreseeing a turnaround on the horizon. Using TipRanks’ Stock Comparison tool, we lined the two up side by side to get a clearer picture of what the future might have in store.CarGurus Inc. (CARG)CarGurus released its Q4 earnings report on February 14, and if the largest online auto marketplace in the US was expecting some Valentines love from the Street, it was sorely disappointed. Despite beating Street estimates for both the top and bottom-line, investors jumped out of the car(g) as shares fell following the earnings call.So, what got investors so spooked? Simple: fiscal 2020 guidance came in below Street expectations. Analysts were looking for $163.6 million for the year, while management expects revenue to come in between $156.5 million and $159.5 million. The outlook for earnings didn’t impress the Street, either. CARG expects EPS of between $0.50 to $0.55 in 2020, significantly below analysts' estimates of $0.66 per share.Management explained it expects flat growth in its advertising segment as it makes adjustments to the CarGurus website, intentionally reducing its ad load. Additional headwinds due to the shift from desktop to mobile will also affect impressions and CPMS (cost per mile). It doesn’t help that the recent acquisition of Autolist has further impacted operating income for the year, which was compressed by $7.5 million due the outlay.Despite the sell-off, Oppenheimer’s Jed Kelly thinks CarGurus’ platform is “still best positioned for share gains.”Kelly wrote, “We believe CARG’s proprietary valuation technology and clean UX are creating sustainable traffic advantages, which, in our view, are evolving into a leading marketing platform for US car dealers. Furthermore, international expansion offers a large opportunity based on CARG executing a similar playbook that disrupted legacy US players with a decade's head-start. All in, we believe the company is well positioned to gain incremental share of dealer advertising budgets, where the company is single-digit percentage of its ~$7–8 billion US TAM.”The 5-star analyst maintains an Outperform rating on CARG shares, though the disappointing print caused him to reduce his price target, from $48 to $36. The new figure still indicates possible upside of a considerable 30%. (To watch Kelly’s track record, click here)William Blair’s Ralph Schackart is a fellow bull. The 5-star analyst noted, “Historically, management has been conservative—initial outlooks for 2018 and 2019 actual revenues were 13% and 5% above initial revenue guidance at the midpoint, respectively. While investors will take some time to digest the flat advertising revenue in 2020 vs. 2019, we think these changes are necessary to optimize the website with the goal of increased conversion for dealers. To give some perspective on conservatism, we are modeling about 10% AARSD growth in 2020, or about half its 2019 growth.” Schackart, accordingly, maintains an Outperform rating on CarGurus, though hasn’t set a price target. (To watch Schackart’s track record, click here)Looking at the consensus breakdown, 4 Buys and 2 Holds received over the last three months add up to a Moderate Buy consensus rating. Additionally, based on the $46.50 average price target, shares could surge by 86% in the next twelve months. (See CarGurus' price targets and analyst ratings on TipRanks)LivePerson (LPSN)Mirroring CarGurus’ recent travails almost to a T, LivePerson’s recently released 4Q19 results have sent the stock stumbling down by 25%. If that wasn’t similar enough to CarGurus’ fortunes, then the reason for investors rushing to the exit is identical, too.The messaging-technology company’s generally solid report was hampered by weak 1Q20 guidance; LivePerson forecasts revenues of $77.5 million to $78.5 million, below the Street’s estimate of $80.4 million.Seasonally slower trends in the company’s gainshare business, in addition to elevated corporate expenses in 1Q20 have been cited as reasons for the low quarterly forecast. Management anticipates 1Q20 will represent the bottom for both revenue growth and adjusted EBITDA, with it expecting steady growth acceleration in 2H20.LivePerson’s growth over the last five years has been impressive, with the share price more than tripling during the period. Although the recent disappointing guidance led to a sell-off, the Q4 report had some impressive figures, too; LivePerson signed 149 deals in the quarter, up 20.2% year-over-year. This gain was driven by a mix of new and existing customer contracts.The latest pullback hasn’t dampened B.Riley FBR analyst Zach Cummins’ enthusiasm. Cummins recommends “investors take advantage of the expected weakness," as the analyst believes LivePerson’s “accelerated growth story remains on track.”Cummins added, “For our model, we are raising our FY20 and FY21 revenue estimates, but we are lowering our adjusted EBITDA estimates to reflect the increasing product investments. While these elevated investments do raise some concerns, the growth story remains on track in FY20 and is ahead of expectations in FY21, which should drive further operating leverage in the model in 2H20 as management is targeting the rule of 40 on quarterly basis in the next 12-18 months.”To this end, Cummins reiterated a Buy rating on LPSN along with a $51 price target, implying potential upside of a hefty 56%. (To watch Cummins’ track record, click here)What does the Street make of the conversational commerce leader’s prospects? LPSN’s Moderate Buy consensus rating breaks down into 5 Buys and 2 Holds. At $45.17, the average price target suggests possible 12-month gains in the shape of 38%. (See LivePerson price targets and analyst ratings on TipRanks)
- GlobeNewswire
CarGurus Receives Two “Top Rated” DrivingSales Dealer Satisfaction Awards
CarGurus, (CARG) a leading automotive marketplace, today announced it received “Top Rated” Awards for both New Car and Used Car Advertising in the tenth annual DrivingSales Dealer Satisfaction Awards. CarGurus received a top dealer satisfaction ranking in both the new and used car leads categories, as determined by the thousands of auto dealers who are part of the DrivingSales.com community. "For the fifth consecutive year, CarGurus is proud to have won Dealer Satisfaction Awards for both our new and used car advertising products," said Ashley Karr, Vice President of B2B Marketing at CarGurus.
- GlobeNewswire
CORRECTION - CarGurus Announces Fourth Quarter 2019 and Full-Year 2019 Results
CAMBRIDGE, Mass., Feb. 14, 2020 -- In a release issued under the same headline on Thursday, February 13, 2020 by CarGurus, Inc. (Nasdaq: CARG), due to a newswire service.
- TheStreet.com
CarGurus Goes in Reverse but Some Analysts See Path to Margin Improvement
Shares of the Cambridge, Massachusetts-based company weere downgraded to neutral from buy by analysts at BTIG, who are concerned about the company's 2020 revenue guidance between $664 million and $776 million. The soft guidance, according to BTIG, is due to the company's decision to reduce ad load to improve user experience and a more thoughtful approach to raising unit pricing. Analysts at Benchmark lowered the stock's price target to $42 from $51, though suggested investors buy into the stock's weakness as there is still a clear path for margin improvement.
- GlobeNewswire
CarGurus Research Outlines Key Challenges Facing Used Car Dealerships in 2020
CarGurus (CARG), a leading global online automotive marketplace, today has launched its inaugural “One Voice” report in the U.S. at the 2020 NADA Show. This comprehensive report examines the major issues that dealerships are analyzing for their business’s 2020 performance, including areas such as inventory sourcing, digital trends, margin growth and lead management. The One Voice report revealed that 76% of used car dealers found it more difficult to find the right inventory in 2019 compared to the year before, with one third of those dealers expressing that inventory sourcing was either very or extremely difficult.
- Zacks
CarGurus (CARG) Q4 Earnings and Revenues Top Estimates
CarGurus (CARG) delivered earnings and revenue surprises of 21.43% and 2.17%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?
- MarketWatch
CarGurus stock drops 15% after earnings, lower outlook
CarGurus Inc. shares dove more than 15% in the extended session Thursday after the car company issued guidance below consensus estimates. The company reported fourth-quarter net income of $13.2 million, or 12 cents a share, compared with $12.5 million, or 11 cents a share, in the year-ago period. Adjusted for items such as stock-based compensation, earnings were 17 cents a share versus 11 cents a share a year ago. Revenue rose to $158.2 million from $126.1 million in the year-ago period. Analysts surveyed by FactSet had estimated adjusted earnings of 13 cents a share on revenue of $154.6 million. For the first quarter, analysts model adjusted earnings of 15 cents a share on sales of $163.3 million. CarGurus said it expects first-quarter adjusted earnings of 7 cents to 8 cents a share on sales of $156.5 million to $159.5 million. The company said it was anticipating full-year adjusted earnings of 50 cents a share to 55 cents a share and sales of $644 million to $676 million. CarGurus stock has fallen 15.3% in the past year, with the S&P 500 index rising 22.8%.
- GlobeNewswire
CarGurus Announces Fourth Quarter 2019 and Full-Year 2019 Results
Fourth Quarter Highlights: Total revenue of $158.2 million, an increase of 25% year-over-yearGAAP operating income of $13.6 million; non-GAAP operating income of $23.1.
- Simply Wall St.
Should We Be Delighted With CarGurus, Inc.'s (NASDAQ:CARG) ROE Of 17%?
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is...
- Zacks
Auto Stocks' Earnings Roster for Feb 13: BWA, DANA & More
In the fourth quarter, overall earnings and revenues for the auto sector are projected to decline 58% and 10.4% year over year, respectively.
- GlobeNewswire
CarGurus Launches Real-time Performance Marketing Product Suite
CarGurus (CARG), a leading automotive shopping site, today announced the nationwide launch of its Real-time Performance Marketing (RPM) suite for dealerships to strengthen and optimize their digital marketing programs. Leveraging the power of CarGurus’ engaged, industry-leading car shopping audience of more than 38 million unique U.S. monthly visitors, RPM will help dealers drive more high-quality traffic to dealership websites and locations through multiple digital channels.
- Zacks
CarGurus (CARG) Earnings Expected to Grow: Should You Buy?
CarGurus (CARG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
- GlobeNewswire
CarGurus Appoints Andrea Eldridge as Chief People Officer
CarGurus (CARG), a leading global automotive marketplace, today announced the appointment of Andrea Eldridge as Chief People Officer. In this new role, Eldridge will oversee all people operations at the company, including talent acquisition and management, diversity, equity and inclusion, leadership development and total rewards, among other areas. CarGurus is now the most visited automotive shopping site in the U.S.1, and the fastest growing in the U.K.2.
- GlobeNewswire
CarGurus’ Research Finds Sedans Facing an SUV/Crossover Takeover
CAMBRIDGE, Mass., Jan. 28, 2020 -- CarGurus (Nasdaq: CARG) a leading automotive marketplace, today released the results of its second annual CarGurus Sedan Survey. Findings.
- TipRanks
RBC Sees ‘Pockets of Opportunity’ in These 3 Internet Stocks
With the new year comes a new decade, and investors are on the lookout for the names that have what it takes to outperform the market and to deliver solid returns in the years to come. However, given the uncertainty hanging over the market, zeroing in on the most compelling investment opportunities isn’t an easy job. So what’s an investor to do? We suggest following Wall Street’s lead as the analysts can provide a wealth of investing inspiration. Investment banking firm RBC Capital sits at the very summit of TipRanks’ top performing research firms. RBC's analysts have consistently delivered returns when guiding investors to the right stocks – hence the elevated position. Naturally, the company is constantly on the look-out for fresh opportunities. With this in mind, we decided to look at 3 internet stocks RBC thinks present opportunity right now.We used TipRanks’ Stock Screener tool to get the lowdown. The tool factors in analyst consensus ratings, price targets, and stock analysis, amongst others, to help us see what the future might have in store for the tickers at hand. It turns out that in addition to RBC’s recommendations, all 3 currently have a Strong Buy consensus rating and, furthermore, all offer upside potential of more than 20%. Let's take a closer look.GoDaddy (GDDY)Investors are constantly in search of growth stocks. GoDaddy has proven to be a successful growth story since going public in 2015. Although it only exhibited modest gains in 2019, it is still up by 175% since its initial listing.GoDaddy provides individuals and businesses with everything they need to get a website up and running – from domains and web hosting to design and templates. Additionally, it offers cloud-based services, online storage and bookkeeping tools, amongst other offerings. The domain business makes up the bulk of sales, providing 46%, while hosting makes up 38% of revenue. An additional 16% is taken up by business apps.GoDaddy will report Q4 results next month, and following a strong Q3 report, RBC’s Mark Mahaney thinks the company’s robust capital flexibility leaves it well positioned. The 5-star analyst believes GoDaddy can drive shareholder value through reinvestments, mergers and acquisitions, and share repos.Mahaney said, “While some bears may point to a potential change in GoDaddy’s long term growth algorithm (high-teens-plus unlevered FCF growth) under new leadership, we think current valuation is pricing in much of this risk. More importantly, GoDaddy has the capital flexibility for further investments ($1.45B Net Debt, 2x net leverage which is below its historical ratio). Though we forecast a slight deceleration in FCF growth (+15% 3-yr CAGR through 2022) -- partially due to law of large numbers, partially due to reinvestments -- we continue to view GoDaddy’s risk/reward as attractive here, trading at ~17x our 2020 FCF estimates.”The above factors are enough for Mahaney to keep an Outperform rating on GDDY. The analyst keeps his price target intact, too. At $81, the number provides possible upside of 12.5%. (To watch Mahaney’s track record, click here)All in all, the Street is bullish on the web domain provider. All 8 analysts tracked over the last 3 months rate GoDaddy a Buy. The Strong Buy consensus rating comes with an average price target of $89.29, implying potential upside of 24%. (See GoDaddy stock analysis on TipRanks) CarGurus Inc (CARG)CarGurus is the US’s largest online auto marketplace, with almost 3 times more traffic than its nearest competitor. CarGurus will be in the spotlight when it reports fourth-quarter results on February 13.RBC’s Mark Mahaney forecasts Q4 revenue of $155 million, a touch above the Street’s estimate of $154.6 million and the company’s guidance of $152.2 million. The analyst forecasts Non-GAAP EPS of $0.14, slightly more than the Street’s $0.13 and beating the high-end guidance of $0.12.Last week, CARG announced it had acquired car shopping platform Autolist. The innovative platform has over 1.3 million monthly visitors to its website, while its mobile app numbers 400,000 visitors a month. The acquisition is timely, as Mahaney thinks the debate over CarGurus’ future potential centers around its growth curve. The 5-star analyst argues CARG has enough CGIs (Growth Curve Initiatives) in both its products (digital marketing solutions for dealers, delivery, consumer finance and P2P) and markets (Canada & Western Europe) to stabilize sales growth and eventual acceleration.Mahaney said, “We continue to see CARG as the leading marketplace in the U.S. Online Used Car segment, attacking a market that is approximately $14B (U.S. Dealer annual digital marketing spend). The evidence appears strong that CARG has an attractive business model (90%+ Gross Margin, ramping EBITDA margins that we believe can reach 24% by ’22, and consistently positive & growing FCF for the past 4 years).”Accordingly, Mahaney reiterated an Outperform rating on CARG along with a price target of $50. Should the target be met, in addition to car keys, investors pockets will jingle with returns in the shape of 35%.On the Street, the current CarGurus action is a tad quiet, though positive all round. 3 Buy ratings add up to a Strong Buy consensus rating. The average price target is $52.33 and implies upside of a not inconsiderable 41%. (See CarGurus stock analysis on TipRanks)Etsy Inc (ETSY)From one online marketplace to another; Although we move from the noise and grease of the auto industry to something a little quieter and rustic in the vibe of Etsy. The company’s e-commerce platform specializes in a wide range of categories from toys and art to jewelry and clothing, but all have one thing in common - a vintage, handcrafted and homemade flavor.In a somewhat similar manner to both previous tickers, ETSY investors have been concerned with growth. The company’s share price grew at a magnificent pace since its public listing midway through the last decade but pulled back in 2H19 as the growth curve showed signs of slowing down. Despite exhibiting a very healthy revenue increase, following Q3’s earnings call Etsy’s share price lost almost 16% due to relative growth fatigue compared to the prior year’s same period.Mahaney is a believer in the Etsy story. The 5-star analyst ranks Etsy highly and notes that 28% organic revenue growth in Q3 and low-to-mid-20% EBITDA margins are very positive figures.Mahaney said, “Our fundamental Long thesis on Etsy remains intact—a large TAM, a loyal community of sellers/buyers, new marketing initiatives and several GCIs in the form of free shipping, Etsy Ads, Reverb acquisition, product improvements, and international markets, which give us conviction that the company should be able to sustain healthy growth rates… While there may currently be several moving pieces at Etsy, we believe management is taking the right steps to drive overall health and growth of the platform.”So, bottom-line, what does it mean? It means Etsy keeps its Outperform rating from RBC, along with the price target of $68. The figure implies possible upside of 35%.The Street is no less enthusiastic. 11 Buys and only 1 Sell add up to a Strong Buy consensus rating. With an average price target of $63.82, Etsy investors could be adding gains of 26% to their vintage wallets over the next 12 months. (See ETSY stock analysis on TipRanks)
- GlobeNewswire
CarGurus Acquires Car Shopping Platform Autolist
CarGurus, a leading global automotive marketplace, today announced it has acquired Autolist, an innovative car shopping platform based in San Francisco, CA. The acquisition expands CarGurus’ category-leading consumer audience and will help enable the company to further enhance its unique value proposition for subscribing dealers. CarGurus will operate Autolist as a standalone brand and website.
- GlobeNewswire
CarGurus to Report Fourth Quarter 2019 Financial Results
CAMBRIDGE, Mass., Jan. 14, 2020 -- CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, announced it will issue a press release reporting financial results.
- Simply Wall St.
Are Investors Undervaluing CarGurus, Inc. (NASDAQ:CARG) By 34%?
Does the January share price for CarGurus, Inc. (NASDAQ:CARG) reflect what it's really worth? Today, we will estimate...
- TipRanks
3 “Strong Buy” Stocks for the Santa Claus Rally
Santa’s powering up his sleigh, and he has it full of some serious stock market stocking stuffers! Because what better gift can there be than a gift that keeps on giving strong returns? Here at TipRanks, where we track and measure the performance of Wall Street’s analysts, we’ve dug into the database to find three “Strong Buy” stocks that will add some cheer to your holiday investing.We’ve chosen three stocks with a low cost of entry, because a holiday gift shouldn’t break the bank, and put them into the Stock Comparison tool. A quick look at the results will show what drew them to our attention, and then we can dive into the details. You can see that the stocks are all Strong Buys, but more importantly, they show some hefty upside, and each has a high 12-month gain to back up that potential. Statistically, the trading week after the Christmas holiday sees a “Santa Claus” rally. The key points of these three stocks show why the analysts believe they are likely to participate.Now let’s take that closer look.Callaway Golf Company (ELY)Callaway is a sporting goods company, specializing in golf equipment. The company doesn’t just market and sell its products; it also designs and manufactures golf equipment, accessories, and other products. Callaway operates around the world, in more than 70 countries, and is the world’s largest golf club manufacturer.As any golfer knows, the game is big business. Callaway proves that, with $1.2 billion in total sales in 2018. In the current year, ELY’s Q3 results beat the estimates on both the top and bottom lines. Revenues came in at $426 million, 1.3% over the forecast, while EPS beat by a wider margin. The bottom line, at 36 cents per share, was 57% higher than the 23-cent estimate. The strong sales performance has pushed the stock up 38% this year, well above the S&P’s 29% gain.Stephens analyst Daniel Imbro reviewed ELY earlier this month, and highlighted that the company’s new Mavrik metalwood line of clubs was approved by the USGA. He wrote, “Pricing and availability are undisclosed … we expect additional details as we get closer to the PGA Show… Given Callaway's recent success leading innovation in the metalwoods category, we expect this to be a focal point heading into 2020.” Imbro puts a Buy rating on ELY shares with a $25 price target. His target implies an upside of 19% to the stock. (To watch Imbro’s track record, click here)Callaway’s Strong Buy consensus rating is unanimous. A total of 6 market analysts have put a positive spin on this stock recently. Shares are selling for $21.05, and the average price target of $25.58 suggest a 22% upside potential for the stock. (See Callaway stock analysis at TipRanks) See also: Cowen’s 3 Stock Choices for 2020Funko, Inc. (FNKO)Some people play golf for a hobby, and others get into collectibles. Funko caters to that second group. The company manufactures and distributes licensed pop culture products – bobble heads and vinyl figurines are its best-known products, but it also makes action figures, headphones, lamps, branded USB keys, and plushies. Basically, Funko cashes in on nostalgia – to the tune of $686 million in sales for fiscal year 2018.Funko’s cool spot in the toy and collectible market has netted it a cool profit on the financial end. The Q3 earnings, the company’s most recent, showed a definite beat on EPS, based on strong revenues. At the top line, total sales of $223.3 million were above the estimated $220.4 million – and the bottom-line earnings did even better. EPS came in at 38 cents, well above the forecasted 32 cents.Guidance, however, just missed the estimates. The company estimated between $840 million to $850 million for Q4, but Wall Street was expecting $848.5 million. It wasn’t a big miss, and the company’s number is still robust, but shares slid 16% after the news.Even with that share price slip, the stock is still up 23% this year. And – Piper Jaffray analyst Erinn Murphy sees the lower share price as a buying opportunity. In her November comments on the stock, written after meeting with management, Murphy wrote, “Funko remains one of the most disruptive consumer products companies. We are encouraged to see several initiatives to diversify the revenue streams…” Murphy’s $24 price target indicates a strong 49% upside, more than enough to justify a Buy rating. (To watch Murphy’s track record, click here)Murphy is just the most recent analyst to give FNKO a thumbs up. The stock has received 4 Buy ratings in recent weeks, along with 1 Hold, giving it a Strong Buy from the analyst consensus. At $26.20, the average price target suggests a 62% upside premium from the $16.13 share price. (See Funko stock analysis at TipRanks) CarGurus, Inc. (CARG)Every guy loves his car. And CarGurus exists to pair up people with the right vehicles. For 13 years, CarGurus has been a leading online research and shopping site for the automotive market, connecting buyers and sellers of new and used cars.A strong economy and rising wages have helped the company’s overall position, and in Q3, CARG reported a 26% year-over-year revenue gain. The top-line number was a robust $150.5 million. This supported a strong EPS of 14 cents per share, a solid 40% above the estimates. It was the fourth quarter in a row that CARG had beaten the EPS and revenue forecasts.Growth like that is sure to spark interest from top analysts, and in CARG’s case, it has. Mark Mahaney, 5-star analyst with RBC Capital, reviewed the stock after the earnings report and reiterated his Buy rating on the shares.Mahaney took a long view on CARG, and said in a detailed report, “We still see CARG as the leading marketplace in the U.S. Online Used Car segment, attacking a market that is approximately $14B. The evidence is strong that CARG has an attractive business model… we believe the company has enough GCIs (Growth Curve Initiatives) … so that Revenue Growth can sometime in the next 9-15 months stabilize and then potentially accelerate.” While he did reduce the price target, at $50, shares could still surge 37% in the next twelve months. (To watch Mahaney’s track record, click here)CARG has gotten love from 3 analysts recently, giving the stock a unanimous 3-vote Strong Buy consensus rating. Shares sell for $36.63, and the $52.33 average price target puts the upside potential at 43%. (See CarGurus stock analysis at TipRanks) Check out these 5 ‘Strong Buy’ stocks that top Wall Street analysts recommend.
- Insider Monkey
Is CarGurus, Inc. (CARG) A Good Stock To Buy?
We are still in an overall bull market and many stocks that smart money investors were piling into surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Hedge funds' top 3 stock picks returned 41.7% this year and beat […]
- American City Business Journals
With move to Boston, Cambridge tech firm to grow HQ by 50%
CarGurus Inc. is nearly doubling its headquarters in a move to Boston from Cambridge, with an agreement to grow at the future 1001 Boylston Street tower. Samuels for years had partnered with fellow developer Weiner Ventures to jointly develop two air-rights parcels, but eventually broke off and tackled each project separately.
- GlobeNewswire
CarGurus Signs Lease as Anchor Tenant at 1001 Boylston Street in Boston
CarGurus (CARG), a leading global automotive marketplace, today announced it has signed a 15-year lease on roughly 275,000 square feet of space at 1001 Boylston Street in Boston. The project, to be developed by Samuels & Associates, is the first air rights project in Boston in 40 years and is scheduled for completion in 2023. The building will allow CarGurus, which is currently headquartered across three offices in Cambridge, MA, to unite its fast-growing team in one building at a prime Back Bay location.
- GlobeNewswire
CarGurus Announces CPO Listings Partnership with Nissan Canada
CarGurus, a leading online automotive marketplace, today announced that Nissan Canada has joined Kia and General Motors in the company’s Certified Pre-Owned (CPO) Partner Program for the Canadian market. As part of this program, Nissan’s CPO vehicles will now be listed as manufacturer-certified on the CarGurus platform, making the clear distinction that they are certified by the automaker. “CarGurus is charged with improving the consumer experience of shopping for a vehicle, and we are excited to have Nissan join us in our efforts,” said Rory Edwards, vice president of global business development at CarGurus.
- Simply Wall St.
How Does CarGurus, Inc. (NASDAQ:CARG) Affect Your Portfolio Volatility?
If you own shares in CarGurus, Inc. (NASDAQ:CARG) then it's worth thinking about how it contributes to the volatility...
