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CarGurus, Inc. (CARG)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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337 reactions on $CARG conversation
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I did some growth comparisons on some of the stocks that people have mentioned on Carvana conversations board. And Carvana stands out as the best growth stock without any doubt. Carvana has done an astonishing exceptional job in the past year growing at high speed through the pandemic. This is the comparison:
$CVNA revenues grew 41% for the past year
$VRM revenues grew 14% for the past year
$CARG revenues declined by 6% for the past year
$KMX revenues declined by 7% for the past year
$PAG revenues declined by 12% for the past year
Looks like Carvana is taking market shares away from competitors very aggressively. The Carvana management has really done a very impressive job!
CarGurus has a great future. Just added its 3rd pillar of revenue Acquiring wholesale marketplace CarOffer. Transactional business model that will add to its current subscription model.
CARG will limit their growth as long as they continue operating as an online auto marketplace for dealerships rather than a used car company.
Zillow has provided the playbook in buying/selling their own real estate. They use their technology and their brand to make profits from real estate. No reason CarGurus can't do the same in the auto market, but they are instead content with just acting as an auto advertising agency for car dealerships. The technology is there, but they've allowed $CVNA and $VRM to take the idea while they sat on their hands. It's a shame...the used car market is on fire.
Is there a good tool to research web traffic of Cargurus and their competitors?
Cargurus is a great site because they use an excellent algorithm to rank vehicles by their relative value. It is brilliant because value is what most used vehicle shoppers care about. With a clear and dynamic interface that even takes vehicle history into account (when assessing value), it is a helpful tool for shoppers, which has meant many dealerships pay Cargurus to list their vehicles.
But, I'd want to see how many users have engaged in the last few years vs. their competitors. I am sure dealerships review the same information to determine ROI on their advertising dollars.
Cargurus competitors have adopted similar models, but in past years, far fewer dealers have listed on sites that use this algorithm so users haven't been able to compare values with such a small sample group of the used car market represented on competitor sites (compared to Cargurus). But if user traffic goes elsewhere, dealers will begin listing on competitor sites. This could be a game changer unless Cargurus can continue engaging users in new ways.
I like this company but I compare them to groupon, and groupon has got to a smaller market cap and even they are overpriced. They actually administer the coupons too
B from the hip
$34 by next quarter.
Solid company. Bought 200 calls
I bet tomorrow we break to the outside of the upper bollinger band. That's my story and I'm sticking to it!
Real quiet, wait until everyone finds out 🥲
Undervalued and off the radar.
Yep, next leg up starts on Monday!
Yahoo Finance Insights
CarGurus reached a 52 Week high at 35.54
Beats earnings and estimates...just gonna drop this here...
"CarGurus (CARG) came out with quarterly earnings of $0.37 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.14 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 76.19%. A quarter ago, it was expected that this online auto shopping platform would post earnings of $0.01 per share when it actually produced earnings of $0.19, delivering a surprise of 1,800%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
CarGurus, which belongs to the Zacks Automotive - Replacement Parts industry, posted revenues of $147.47 million for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 9.91%. This compares to year-ago revenues of $150.46 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CarGurus shares have lost about 38.7% since the beginning of the year versus the S&P 500's gain of 6.6%."
2017 revenue $300M. 2019 hits $600M. Yes, that is impressive!!! Sales doubled in 2 years and they are extremely profitable. Again, they beat estimates on both revenue and earnings and it drops 26%?? I bought the dip and make 10% in one day. Watch and see!!
$39 stock. Just beat by over 100% on Earnings and increases everywhere. No debt. Plenty of cash...gonna go BOOM! $39-$42 here we come!
Another 60,000 shares sold at $39+ per share by a Carguru's director 2 days ago
Was at $40 in late November 2019. Revenue growth YoY is impressive. Total overreaction. Computer driven stop losses crushed this today. When the money managers return on Tuesday they will buy back in droves! I predict we rise 10% on Tuesday alone while the money managers try and save their jobs!
CarGurus EPS beats by $0.18, beats on revenue
should be up 20%. The future of online car research or buying is here to stay.
Looks like $23s are coming quickly.Could we see teens gang?Hoping to catch a bottom but seems like their isn't one.
I learned along time ago to avoid stocks that no one talks about. it is a minor point but the same as if insiders only sell and never buy.
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