CarGurus (CARG)

• Market cap: $3.23B
• 1 day: -17.13%
• 5 days: -22.53%
• 1 month: -19.07%
• 3 months: -12.82%
• 6 months: 9.30%
• Year to date: -12.82%
• 1 year: 36.03%
• 5 years: 12.86%
• 10 years: 12.94%
• 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 Q4 regulatory filings by fund managers ($100M+ AUM)

139% more first-time investments, than exits

New positions opened: 67 | Existing positions closed: 28

63% more call options, than puts

Call options by funds: $11M | Put options by funds: $6.74M

27% more repeat investments, than reductions

Existing positions increased: 124 | Existing positions reduced: 98

24% more capital invested

Capital invested by funds: $2.49B [Q3] → $3.08B (+$592M) [Q4]

17% more funds holding in top 10

Funds holding in top 10: 6 [Q3] → 7 (+1) [Q4]

11% more funds holding

Funds holding: 280 [Q3] → 312 (+32) [Q4]

0.96% more ownership

Funds ownership: 94.97% [Q3] → 95.93% (+0.96%) [Q4]

Research analyst outlook

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

• Low target: $42 35% upside
• Avg. target: $44 41% upside
• High target: $46 48% upside

4 analyst ratings

• positive: 4 100%
• neutral: 0 0%
• negative: 0 0%

Citizens Capital Markets Nicholas Jones 75% 1-year accuracy 60 / 80 met price target	38% upside $43	Market Outperform Maintained	21 Feb 2025
JP Morgan Rajat Gupta 78% 1-year accuracy 29 / 37 met price target	35% upside $42	Overweight Maintained	21 Feb 2025
Needham Chris Pierce 59% 1-year accuracy 44 / 75 met price target	44% upside $45	Buy Reiterated	21 Feb 2025
JMP Securities Nicholas Jones 75% 1-year accuracy 60 / 80 met price target	48% upside $46	Market Outperform Reiterated	16 Dec 2024