CarGurusCARG
CARG
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 Listings, 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 maximum revenue from the U.S. Marketplace segment. Geographically, the company derives its key revenue from the United States and the rest from international markets.
Employees: 1,282
0
Funds holding %
of 7,398 funds
0
Analysts bullish %
of 4 analysts
Fund manager confidence
Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)
146% more first-time investments, than exits
New positions opened: 69 | Existing positions closed: 28
63% more call options, than puts
Call options by funds: $11M | Put options by funds: $6.74M
29% more repeat investments, than reductions
Existing positions increased: 126 | Existing positions reduced: 98
24% more capital invested
Capital invested by funds: $2.49B [Q3] → $3.09B (+$596M) [Q4]
17% more funds holding in top 10
Funds holding in top 10: 6 [Q3] → 7 (+1) [Q4]
13% more funds holding
Funds holding: 279 [Q3] → 316 (+37) [Q4]
1.11% more ownership
Funds ownership: 94.92% [Q3] → 96.03% (+1.11%) [Q4]
Research analyst outlook
4 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
17%
upside
Avg. target
$41
41%
upside
High target
$45
55%
upside
4 analyst ratings
3 positive
75%
1 neutral
25%
0 negative
0%
JP Morgan Rajat Gupta 54% 1-year accuracy 25 / 46 met price target | 17%upside $34 | Neutral Downgraded | 27 Mar 2025 |
Oppenheimer Jed Kelly 51% 1-year accuracy 18 / 35 met price target | 45%upside $42 | Outperform Maintained | 24 Feb 2025 |
Citizens Capital Markets Nicholas Jones 48% 1-year accuracy 40 / 84 met price target | 48%upside $43 | Market Outperform Maintained | 21 Feb 2025 |
Needham Chris Pierce 21% 1-year accuracy 15 / 73 met price target | 55%upside $45 | Buy Reiterated | 21 Feb 2025 |
Financial journalist opinion
Neutral
GlobeNewsWire
1 month ago
Latest CarGurus Brand Campaign Celebrates Life's Big Deal Moments, Like Buying a Car
The “Big Deal” campaign pays tribute to the momentous experience of car shopping, along with the trusted digital tools from CarGurus that help consumers find the best deal on their big deal BOSTON, Feb. 26, 2025 (GLOBE NEWSWIRE) -- CarGurus , Inc. (Nasdaq: CARG), the fastest-growing automotive shopping site in Canada1, today announced the launch of its latest national brand campaign, “Big Deal”, recognizing the important role cars play in people's lives. The new spots empathize with the big decisions drivers make along the buying journey, underscoring CarGurus' role in helping consumers find the best deal on their big deal.
Negative
Seeking Alpha
1 month ago
CarGurus: Momentum Breaking On Revenue Deceleration, Wait For A Better Price
CarGurus' Q4 earnings missed revenue expectations, leading to a ~10% stock drop and signaling a potential correction to value-stock territory. Despite strong dealer additions and profitability improvements, CarGurus' growth is slowing, with revenue growth expected in the mid-single digits for FY25. Rising used car prices and high auto financing rates pose significant risks, potentially dampening demand and impacting future performance.
Positive
Seeking Alpha
1 month ago
CarGurus: Rocky Recovery Ahead
CarGurus, Inc. is recovering from a rough patch due to the post pandemic market swing, with improving profitability metrics and strong marketplace growth. The platform offers the best ROI for independent dealers, attracting more dealers and increasing inventory. Gross profit margins and EBITDA margins are rising, driven by a favorable revenue mix and marketplace business expansion.
Neutral
Seeking Alpha
1 month ago
CarGurus, Inc. (CARG) Q4 2024 Earnings Call Transcript
CarGurus, Inc. (NASDAQ:CARG ) Q4 2024 Earnings Conference Call February 20, 2025 5:00 PM ET Company Participants Kirndeep Singh - Vice President and Head of Investor Relations Jason Trevisan - Chief Executive Officer Elisa Palazzo - Chief Financial Officer Sam Zales - President and Chief Operating Officer Conference Call Participants Vincent Kardos - Jefferies Ralph Schackart - William Blair Rajat Gupta - JPMorgan Marvin Fong - BTIG Ryan Powell - B. Riley Securities Nick Jones - Citizens JMP Chris Pierce - Needham & Company Doug Arthur - Huber Research Partners Tom White - D.A.
Positive
Zacks Investment Research
1 month ago
Compared to Estimates, CarGurus (CARG) Q4 Earnings: A Look at Key Metrics
Although the revenue and EPS for CarGurus (CARG) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Positive
Zacks Investment Research
1 month ago
CarGurus (CARG) Tops Q4 Earnings Estimates
CarGurus (CARG) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $0.35 per share a year ago.
Neutral
GlobeNewsWire
1 month ago
CarGurus Announces Fourth Quarter and Full Year 2024 Results
Q4'24 Marketplace revenue grew 15% YoY Q4'24 International revenue grew 26% YoY and OEM Advertising revenue grew double-digit YoY Q4'24 Consolidated GAAP Net Income of $45.9 million; Q4'24 Non-GAAP Consolidated Adjusted EBITDA of $76.4 million, up 25% YoY BOSTON, Feb. 20, 2025 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the fourth quarter and year ended December 31, 2024.
Positive
Zacks Investment Research
1 month ago
Countdown to CarGurus (CARG) Q4 Earnings: Wall Street Forecasts for Key Metrics
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for CarGurus (CARG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
Positive
Zacks Investment Research
1 month ago
Why CarGurus (CARG) Could Beat Earnings Estimates Again
CarGurus (CARG) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Neutral
Zacks Investment Research
1 month ago
CarGurus (CARG) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
CarGurus (CARG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
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