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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 shares are trading lower following the announcement of their Q4 financial results.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:26 pm

CarGurus (NASDAQ:CARG) reported Q4 earnings with an EPS of $0.35, beating estimates by 3.0% but with a revenue decrease of $63.62 million from the previous year. The company has a history of surpassing EPS estimates, leading to a share price increase the following day.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:05 pm

CarGurus (CARG) reported Q4 2023 adjusted EPS of $0.35, surpassing the $0.34 estimate, with sales of $223.12M exceeding the $220.05M forecast. However, this represents a 22.19% decrease in sales compared to the same period last year.

Portfolio Pulse from Benzinga Newsdesk

February 26, 2024 | 9:03 pm

US stocks may see a pause after a record rally, with caution returning ahead of key economic data. AI-leveraged stocks could provide support. Last week, buoyed by Nvidia's earnings, US stocks hit new highs. Analysts are optimistic about 2024, expecting narrow market focus and benefits from Fed rate cuts and election year optimism. Futures indicate a mixed opening. SPDR S&P 500 ETF Trust and Invesco QQQ ETF showed slight premarket movements. Key companies like Berkshire Hathaway and Li Auto saw premarket gains following earnings reports.

Portfolio Pulse from Shanthi Rexaline

February 26, 2024 | 10:33 am

Numerous companies are scheduled to report their earnings on February 26, 2024, covering a wide range of industries from energy to technology. Key reports include Kosmos Energy, Krystal Biotech, Li Auto, and Domino's Pizza, among others. The diversity of sectors represented suggests a comprehensive insight into the economic and business trends affecting these markets.

Portfolio Pulse from Benzinga Insights

February 26, 2024 | 9:47 am

CarGurus (NASDAQ:CARG) is anticipated to release its quarterly earnings report on February 26, 2024, with an expected EPS of $0.34. Analysts and investors are keen on whether the company will surpass this estimate and provide optimistic guidance for the following quarter. Historically, CarGurus has shown a pattern of beating EPS estimates, leading to significant stock price movements. The company's shares have seen a 39.31% increase over the last 52 weeks, indicating a positive outlook among long-term shareholders.

Portfolio Pulse from Benzinga Insights

February 23, 2024 | 6:01 pm

UBS analyst Kunal Madhukar has maintained a Neutral rating on CarGurus (NASDAQ:CARG) and increased the price target from $22 to $26.

Portfolio Pulse from Benzinga Newsdesk

January 16, 2024 | 4:43 pm

Shares of companies in the communication, media, and entertainment sectors are up due to positive market sentiment following October's softer-than-expected inflation data. This data suggests there may be less need for aggressive interest rate hikes by the Federal Reserve.

Portfolio Pulse from Benzinga Newsdesk

November 14, 2023 | 8:54 pm

Several US stocks recorded gains in Wednesday's trading session despite the Nasdaq Composite falling around 20 points. Notable gainers include ContextLogic Inc., American Public Education, Inc., Avadel Pharmaceuticals plc, Roblox Corporation, Agiliti, Inc., AvidXchange Holdings, Inc., GoPro, Inc., F&G Annuities & Life, Inc., Nuvei Corporation, and Turtle Beach Corporation among others. These gains were largely driven by strong quarterly sales or upbeat third-quarter results.

Portfolio Pulse from Lisa Levin

November 08, 2023 | 4:02 pm

Analysts have provided various ratings for CarGurus (NASDAQ:CARG) within the last quarter, with one bullish, one somewhat bullish, and two indifferent. The average 12-month price target for CarGurus is $22.75, representing a 7.14% decrease from the previous average price target of $24.50.

Portfolio Pulse from Benzinga Insights

November 08, 2023 | 1:00 pm

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