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

Needham analyst Chris Pierce maintains a Buy rating on CarGurus (NASDAQ:CARG) and raises the price target from $20 to $22.

Portfolio Pulse from richadhand@benzinga.com

August 10, 2023 | 9:54 am

CarGurus reported better-than-expected Q2 financial results and issued Q3 adjusted EPS guidance above estimates, leading to a rise in its share price.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:18 pm

CarGurus (NASDAQ:CARG) reported Q2 earnings of $0.29 per share, beating the analyst consensus estimate of $0.23 by 26.09%. However, this is a 9.38% decrease from the same period last year. The company also reported quarterly sales of $239.74 million, beating the estimate of $229.97 million by 4.25%, but this is a 53.11% decrease from the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2023 | 8:02 pm

CarGurus (NASDAQ:CARG) is set to release its latest quarterly earnings report on Wednesday, 2023-08-09. Analysts estimate an earnings per share (EPS) of $0.23. The company's past performance shows a trend of beating EPS estimates, which has often led to an increase in share price. However, the stock has been down 4.96% over the last 52-week period.

Portfolio Pulse from Benzinga Insights

August 08, 2023 | 4:01 pm

Several communication services stocks experienced significant movement during Friday's intraday session. United States Cellular (USM), Telephone and Data (TDS), Takung Art (TKAT), Gray Television (GTN), and Moxian (MOXC) saw their shares rise, with USM and TDS experiencing the largest gains. On the other hand, Liberty SiriusXM Gr (LSXMA, LSXMK, LSXMB), Integral Ad Science (IAS), CarGurus (CARG), and PLAYSTUDIOS (MYPS) saw their shares fall. Most of these movements were associated with the release of Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 5:31 pm

The article lists the stocks that gained and lost the most during Friday's mid-day trading session. Among the gainers were Missfresh Limited, United States Cellular Corporation, and Tupperware Brands Corporation, while the losers included Mesoblast Limited, Assertio Holdings, Inc., and INVO Bioscience, Inc. ResMed Inc. shares fell by 15.3% due to worse-than-expected fourth-quarter adjusted EPS results.

Portfolio Pulse from Lisa Levin

August 04, 2023 | 4:55 pm

Several communication services stocks experienced significant movement in Friday's pre-market session. Takung Art, United States Cellular, Telephone and Data, FuboTV, AMC Networks, and United States Cellular Corporation 5.500% Senior Notes due 2070 saw gains, while Creative Realities, Liberty SiriusXM Gr, CarGurus, WPP, and Mobile Global Esports experienced losses. Most companies released their Q2 earnings reports.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 3:24 pm

CarGurus has announced a delay in its earnings release and conference call, causing its shares to trade lower.

Portfolio Pulse from Benzinga Newsdesk

August 04, 2023 | 3:21 pm

CarGurus, Inc. (NASDAQ:CARG) has announced a delay in its Q2 2023 earnings release and conference call, originally scheduled for August 3, 2023. The company has not completed its customary quarterly closing and review procedures for the period ending June 30, 2023. The new date for the earnings release and conference call will be announced in a subsequent press release.

Portfolio Pulse from Happy Mohamed

August 04, 2023 | 2:43 pm

Citigroup has maintained its Neutral rating for CarGurus (NASDAQ:CARG) and increased its price target from $18.00 to $24.00. CarGurus' shares are currently trading down 1.62% at $22.29 per share. A move to $24.00 would represent a 7.66% increase from the current share price.

Portfolio Pulse from Benzinga Insights

August 04, 2023 | 9:48 am

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