CARG - CarGurus, Inc.
Chart Events
Relative Strength Index (RSI)
Performance Outlook
- Short Term2W - 6W
- Mid Term6W - 9M
- Long Term9M+
| Previous Close | 27.48 |
| Open | 28.04 |
| Bid | 27.39 x 1000 |
| Ask | 27.82 x 1100 |
| Day's Range | 27.24 - 28.49 |
| 52 Week Range | 14.25 - 40.91 |
| Volume | 1,408,291 |
| Avg. Volume | 2,048,298 |
| Market Cap | 3.086B |
| Beta (5Y Monthly) | 1.88 |
| PE Ratio (TTM) | 76.08 |
| EPS (TTM) | 0.36 |
| Earnings Date | Aug 03, 2020 - Aug 07, 2020 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 30.27 |
Fair Value
Related Research
- GlobeNewswire
CarGurus Announces 2020 Best Used Car Awards
CAMBRIDGE, Mass., June 03, 2020 -- CarGurus (Nasdaq: CARG), a leading online automotive marketplace, today announced the winners of its fourth annual Best Used Car Awards. The.
- Simply Wall St.
What Is CarGurus's (NASDAQ:CARG) P/E Ratio After Its Share Price Rocketed?
CarGurus (NASDAQ:CARG) shareholders are no doubt pleased to see that the share price has bounced 31% in the last month...
- Simply Wall St.
CarGurus, Inc. Just Beat Analyst Forecasts, And Analysts Have Been Updating Their Predictions
A week ago, CarGurus, Inc. (NASDAQ:CARG) came out with a strong set of quarterly numbers that could potentially lead...
- Motley Fool
CarGurus, Inc. (CARG) Q1 2020 Earnings Call Transcript
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.
- GlobeNewswire
CarGurus Announces First Quarter 2020 Results
First Quarter Highlights: Total revenue of $157.7 million, an increase of 17% year-over-yearGAAP operating income of $12.0 million; non-GAAP operating income of $25.1.
- GlobeNewswire
CarGurus Continues to Support Canadian Car Dealers with Rate Reductions for June
CarGurus (CARG), a leading global automotive marketplace, today announced a 20% rate reduction for the month of June for its subscribing dealerships in Canada. CarGurus was first among the major Canadian online automotive marketplaces1 to offer discounts to dealers in April and has continued to offer discounts through June. The June discount is intended to provide extended cost relief, enabling dealers in Canada to continue to connect with shoppers on the CarGurus platform and benefit from pent-up demand heading in to summer.
- GlobeNewswire
CarGurus Study Finds Several Bright Spots for Canadian Auto Sector During COVID-19
CarGurus (CARG), a leading global online automotive marketplace, today released its Canadian COVID-19 Sentiment Study. The Canadian CarGurus COVID-19 Sentiment Study delved into a variety of automotive topics, including shoppers’ thoughts on when they plan to buy their next vehicle, and their opinions on both contactless dealership services amid COVID-19, as well as when they will schedule regular vehicle maintenance servicing. “Even though the COVID-19 pandemic is having an impact on the automotive industry, our study showed that there are several bright spots among consumers who plan on purchasing a vehicle this year,” said Madison Gross, Director of Customer Insights at CarGurus.
- GlobeNewswire
CarGurus Continues to Support U.S. Dealers with Rate Reductions for June
CarGurus (CARG), a leading global automotive marketplace, today announced a comprehensive 20% rate reduction for the month of June for its subscribing dealerships in the United States. CarGurus was the first among the major U.S. online automotive marketplaces¹ to offer discounts to dealers for April and has continued to offer discounts for May and now June. The June discount is intended to provide extended cost relief, enabling dealers in the U.S. to continue to connect with shoppers on the CarGurus platform and benefit from pent-up demand heading in to summer.
- GlobeNewswire
CarGurus Study Finds Several Bright Spots for Auto Sector During COVID-19
CarGurus (CARG), a leading global online automotive marketplace, today released its COVID-19 Sentiment Study. As COVID-19 disrupts several industries like automotive retail, this analysis looks into the specific segment of those consumers who either planned on purchasing a vehicle before the pandemic hit and/or those that are now planning on purchasing a vehicle since then. The CarGurus COVID-19 Sentiment Study delved into a variety of automotive topics, including shoppers’ thoughts on when they plan to buy their next vehicle, and their opinions on both contactless dealership services amid COVID-19, as well as when they will schedule vehicle servicing.
- GlobeNewswire
CarGurus to Report First Quarter 2020 Financial Results
CAMBRIDGE, Mass., April 23, 2020 -- CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, announced it will issue a press release reporting financial results.
- GlobeNewswire
CarGurus Provides Contactless Options to Purchase a Vehicle
CarGurus (CARG), a leading global automotive marketplace, today announced new digital safety and convenience features in its effort to support dealerships and consumers during COVID-19. Amid the current COVID-19 restrictions, the company is now offering ways for its subscribing dealers in the U.S., U.K., and Canada to inform in-market shoppers about how they can safely communicate and connect regarding the vehicles they are interested in purchasing. As shoppers adhere to their local regulations for conducting retail activity, CarGurus’ new array of search features will help those who are able to shop for a vehicle to do so safely.
- Simply Wall St.
A Sliding Share Price Has Us Looking At CarGurus, Inc.'s (NASDAQ:CARG) P/E Ratio
Unfortunately for some shareholders, the CarGurus (NASDAQ:CARG) share price has dived 31% in the last thirty days. And...
- GlobeNewswire
CarGurus Announces Extended Billing Discount for Dealerships in U.S. and Canada
CarGurus (CARG), a leading global automotive marketplace, today announced its continued support for dealers in the U.S. and Canada as the COVID-19 situation continues to impact automotive retail. The company will extend its existing 50% discount on all marketplace subscriptions for U.S. and Canadian dealers through the month of May. The move is a continuation of the rate reduction that CarGurus announced on March 18, and is intended to help ease the burden for dealers at this difficult time.
- Insider Monkey
Hedge Funds Have Never Been This Bullish On CarGurus, Inc. (CARG)
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
- GlobeNewswire
CarGurus Supports Dealers with Billings Discount
Today CarGurus issued the following letter to shareholders. As we evaluate the impact of COVID-19 on consumers, dealers, and our own employees, we are proactively taking steps to provide our key stakeholders with our unwavering support through this unprecedented period. Included in these measures is a 50% rate reduction on all marketplace subscription billings in April for all of our paying customers.
- American City Business Journals
Tech hiring has slowed. Here are the Boston firms adding jobs the fastest.
For example, two of the 10 local tech companies that hired the most people last year have laid off workers since the start of this year. "Among the top 10 largest tech hiring companies in Boston for 2019, we’ve already seen some concerns entering 2020," according to John Barrett, a Boston-based partner at recruiting firm ON Partners, who compiled recent hiring information using LinkedIn data. Approximately 4,100 jobs were added in Greater Boston in 2019, a 6% annual gain.
- GlobeNewswire
CarGurus Announces Sixth Annual Top Rated Dealer Awards
CAMBRIDGE, Mass., March 04, 2020 -- CarGurus (Nasdaq: CARG) today announced its sixth annual list of CarGurus Top Rated Dealers. These awards are presented to car dealerships.
- GlobeNewswire
CarGurus Announces Fourth Annual Top Rated Dealer Awards in Canada
CarGurus today announced its fourth annual list of CarGurus Top Rated Dealers in Canada. This year’s Top Rated Dealers received an average of 4.7 stars on a scale of one to five, signifying their priority in providing an excellent customer experience. “As the trust and transparency pioneer in car shopping, CarGurus is delighted to recognize the dealerships that echo and live these same values,” said Ashley Karr, Vice President of B2B Marketing at CarGurus.
- GlobeNewswire
CarGurus to Present at Raymond James 41st Annual Institutional Investors Conference
CAMBRIDGE, Mass., March 03, 2020 -- CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, today announced that Tom Caputo, Chief Product Officer, is scheduled.
- GlobeNewswire
CarGurus to Present at JMP Securities 2020 Technology Conference
CAMBRIDGE, Mass., Feb. 24, 2020 -- CarGurus, Inc. (Nasdaq: CARG), a leading global automotive marketplace, today announced that Jason Trevisan, Chief Financial Officer, is.
- 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.
