CarGurus (CARG)

• Market cap: $2.82B
• 1 day: -1.39%
• 5 days: -4.93%
• 1 month: -12.85%
• 3 months: -31.83%
• 6 months: -17.12%
• Year to date: -26.56%
• 1 year: 15.95%
• 5 years: 39.50%
• 10 years: -4.86%
• Sector: Consumer Discretionary
• Industry: Auto & Truck Dealerships

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

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

150% more first-time investments, than exits

New positions opened: 70 | Existing positions closed: 28

63% more call options, than puts

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

31% more repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 97

24% more capital invested

Capital invested by funds: $2.48B [Q3] → $3.08B (+$606M) [Q4]

17% more funds holding in top 10

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

14% more funds holding

Funds holding: 279 [Q3] → 317 (+38) [Q4]

1.48% more ownership

Funds ownership: 94.46% [Q3] → 95.94% (+1.48%) [Q4]

Research analyst outlook

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

• Low target: $29 11% upside
• Avg. target: $39 47% upside
• High target: $45 71% upside

6 analyst ratings

• positive: 4 67%
• neutral: 2 33%
• negative: 0 0%

UBS Kunal Madhukar 0% 1-year accuracy 0 / 2 met price target	11% upside $29	Neutral Maintained	10 Apr 2025
JMP Securities Nicholas Jones 28% 1-year accuracy 23 / 82 met price target	45% upside $38	Market Outperform Maintained	9 Apr 2025
JP Morgan Rajat Gupta 55% 1-year accuracy 24 / 44 met price target	30% upside $34	Neutral Downgraded	27 Mar 2025
Oppenheimer Jed Kelly 50% 1-year accuracy 17 / 34 met price target	60% upside $42	Outperform Maintained	24 Feb 2025
Citizens Capital Markets Nicholas Jones 28% 1-year accuracy 23 / 82 met price target	64% upside $43	Market Outperform Maintained	21 Feb 2025