CarGurus (CARG)

• Market cap: $3.74B
• 1 day: -0.14%
• 5 days: -4.43%
• 1 month: 2.47%
• 3 months: 18.71%
• 6 months: 43.66%
• Year to date: 53.19%
• 1 year: 50.94%
• 5 years: -1.64%
• 10 years: 30.64%
• Sector: Information Technology
• Industry: Computer Processing & Data Preparation

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 Q3 regulatory filings by fund managers ($100M+ AUM)

122% more call options, than puts

Call options by funds: $12M | Put options by funds: $5.44M

51% more first-time investments, than exits

New positions opened: 59 | Existing positions closed: 39

23% more repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 87

11% more capital invested

Capital invested by funds: $2.22B [Q2] → $2.48B (+$255M) [Q3]

8% more funds holding

Funds holding: 260 [Q2] → 280 (+20) [Q3]

0% more funds holding in top 10

Funds holding in top 10: 6 [Q2] → 6 (+0) [Q3]

1.8% less ownership

Funds ownership: 96.31% [Q2] → 94.51% (-1.8%) [Q3]

Research analyst outlook

9 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $35 3% downside
• Avg. target: $40 12% upside
• High target: $46 28% upside

9 analyst ratings

• positive: 8 89%
• neutral: 1 11%
• negative: 0 0%

JMP Securities Nicholas Jones 68% 1-year accuracy 54 / 80 met price target	28% upside $46	Market Outperform Reiterated	16 Dec 2024
RBC Capital Brad Erickson 67% 1-year accuracy 42 / 63 met price target	17% upside $42	Outperform Maintained	11 Nov 2024
B. Riley Securities Naved Khan 72% 1-year accuracy 18 / 25 met price target	11% upside $40	Buy Maintained	11 Nov 2024
Needham Chris Pierce 52% 1-year accuracy 33 / 64 met price target	8% upside $39	Buy Maintained	8 Nov 2024
JP Morgan Rajat Gupta 86% 1-year accuracy 24 / 28 met price target	11% upside $40	Overweight Maintained	8 Nov 2024