CARG - CarGurus, Inc.

NasdaqGS - NasdaqGS Real Time Price. Currency in USD
26.30
+0.30 (+1.15%)
At close: 4:00PM EDT
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Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close26.00
Open26.71
Bid22.10 x 1000
Ask26.79 x 800
Day's Range26.13 - 27.05
52 Week Range14.25 - 40.91
Volume675,097
Avg. Volume1,893,684
Market Cap2.963B
Beta (5Y Monthly)2.03
PE Ratio (TTM)71.08
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Near Fair Value
31% Est. Return
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    With me on the call today is Langley Steinert, CarGurus' founder and chief executive officer; Jason Trevisan, chief financial officer and president, international; and Sam Zales, president and chief operating officer. During the call, we will make statements regarding our business that may be considered forward-looking within applicable securities laws, including statements concerning our outlook for the second quarter and full year 2020 and management's expectations for our future financial and operational performance, our business growth and international strategies, the impact of the COVID-19 pandemic on our business and financial results and other statements regarding our plans, prospects and expectations.

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(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. 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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. 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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)

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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.

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    Insider Monkey

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    American City Business Journals

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    Simply Wall St.

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  • CarGurus: When to Rev It Up and Go Long
    TheStreet.com

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  • Surging Earnings Estimates Signal Upside for CarGurus (CARG) Stock
    Zacks

    Surging Earnings Estimates Signal Upside for CarGurus (CARG) Stock

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