Streetbeat News

CARG

CarGurus, Inc.

https://www.cargurus.com

Industry

Internet Content & Information

CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace. Its marketplace connects dealers to a large audience of informed and engaged consumers. The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts.

Open

35.41

Mkt cap

3.7B

Volume

496K

High

35.92

P/E Ratio

-78.67

52-wk high

37.94

Low

35.18

Div yield

N/A

52-wk low

20.02

CarGurus (NASDAQ:CARG) has received mixed ratings from 9 analysts over the past three months, with a recent trend towards more bullish perspectives. The average 12-month price target has increased to $29.78, reflecting a 7.82% rise from the previous target. Analysts have raised their ratings and price targets, indicating a positive outlook despite the company's recent revenue decline and below-average ROE and ROA.

Portfolio Pulse from Benzinga Insights

August 12, 2024 | 1:00 pm

JP Morgan analyst Rajat Gupta maintains an Overweight rating on CarGurus (NASDAQ:CARG) and raises the price target from $29 to $32.

Portfolio Pulse from Benzinga Newsdesk

August 12, 2024 | 12:11 pm

CarGurus shares are trading higher after the company reported better-than-expected Q2 financial results and issued Q3 non-GAAP EPS guidance above estimates.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:19 pm

RBC Capital analyst Brad Erickson maintains an Outperform rating on CarGurus (NASDAQ:CARG) and raises the price target from $27 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 7:15 pm

Wall Street's momentum slowed on Friday after a strong Thursday rally. Major indices were mostly flat, with the S&P 500 slightly up. Palantir hit a 3-year high due to a partnership with Microsoft. Bonds rallied, and the dollar weakened. Key stock movers included Eli Lilly, Cisco, and several others reacting to earnings reports.

Portfolio Pulse from Piero Cingari

August 09, 2024 | 5:13 pm

BTIG analyst Marvin Fong maintains a Buy rating on CarGurus (NASDAQ:CARG) and raises the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 5:12 pm

Expedia Group, Inc. (NASDAQ:EXPE) and several other major stocks saw significant gains on Friday following better-than-expected financial results. Expedia reported quarterly earnings of $3.51 per share, beating the consensus estimate of $3.06, and quarterly sales of $3.558 billion, surpassing the estimate of $3.534 billion. Other notable gainers include Blend Labs, Inc. (NYSE:BLND), Doximity, Inc. (NYSE:DOCS), ADMA Biologics, Inc. (NASDAQ:ADMA), Sweetgreen, Inc. (NYSE:SG), Evolent Health, Inc. (NYSE:EVH), Iovance Biotherapeutics, Inc. (NASDAQ:IOVA), CarGurus, Inc. (NASDAQ:CARG), IAMGOLD Corporation (NYSE:IAG), Genpact Limited (NYSE:G), Paymentus Holdings, Inc. (NYSE:PAY), DigitalOcean Holdings, Inc. (NYSE:DOCN), Rocket Lab USA, Inc. (NASDAQ:RKLB), Akamai Technologies, Inc. (NASDAQ:AKAM), The Trade Desk, Inc. (NASDAQ:TTD), DXC Technology Company (NYSE:DXC), and Eli Lilly and Company (NYSE:LLY).

Portfolio Pulse from Avi Kapoor

August 09, 2024 | 4:51 pm

B. Riley Securities has maintained a Buy rating on CarGurus (NASDAQ:CARG) and raised the price target from $28 to $30.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 4:33 pm

Oppenheimer analyst Jed Kelly maintains an Outperform rating on CarGurus (NASDAQ:CARG) and raises the price target from $30 to $32.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 3:16 pm

Needham analyst Chris Pierce maintains a Buy rating on CarGurus (NASDAQ:CARG) and raises the price target from $25 to $27.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 12:18 pm

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