CarGurusCARG
Market Cap: $2.81B
About: CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. The company provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listing through which it offers real-time and historical data analyzing the connections and pricing analysis. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two segments namely U.S. Marketplace and Digital Wholesale. It generates majority of revenue from the U.S. Marketplace.
Employees: 1,343
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
79% more call options, than puts
Call options by funds: $11.7M | Put options by funds: $6.54M
56% more first-time investments, than exits
New positions opened: 50 | Existing positions closed: 32
20% more funds holding in top 10
Funds holding in top 10: 5 [Q1] → 6 (+1) [Q2]
8% more capital invested
Capital invested by funds: $2.03B [Q1] → $2.2B (+$166M) [Q2]
8% more funds holding
Funds holding: 240 [Q1] → 258 (+18) [Q2]
1.16% less ownership
Funds ownership: 96.25% [Q1] → 95.09% (-1.16%) [Q2]
23% less repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 101
Research analyst outlook
9 Wall Street Analysts provided 1 year price targets over the past 3 months
9 analyst ratings
JMP Securities Nicholas Jones 63% 1-year accuracy 41 / 65 met price target | 18%upside $32 | Market Outperform Maintained | 12 Aug 2024 |
JP Morgan Rajat Gupta 69% 1-year accuracy 18 / 26 met price target | 18%upside $32 | Overweight Maintained | 12 Aug 2024 |
RBC Capital Brad Erickson 56% 1-year accuracy 30 / 54 met price target | 10%upside $30 | Outperform Maintained | 9 Aug 2024 |
BTIG Marvin Fong 55% 1-year accuracy 6 / 11 met price target | 10%upside $30 | Buy Maintained | 9 Aug 2024 |
B. Riley Securities Naved Khan 55% 1-year accuracy 12 / 22 met price target | 10%upside $30 | Buy Maintained | 9 Aug 2024 |
Financial journalist opinion
Based on 13 articles about CARG published over the past 30 days