Cargurus Stock Today
| CARG Stock | USD 21.22 0.37 1.71% |
Performance0 of 100
| Odds Of DistressLess than 2
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CarGurus is trading at 21.22 as of the 18th of April 2024. This is a -1.71 percent decrease since the beginning of the trading day. The stock's lowest day price was 21.18. CarGurus has a very small chance of experiencing financial distress in the next few years, but has generated negative returns over the last 90 days. Equity ratings for CarGurus are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 26th of October 2022 and ending today, the 18th of April 2024. Click here to learn more.
Business Domain Media & Entertainment | IPO Date 12th of October 2017 | Category Consumer Cyclical | Classification Communication Services |
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. CarGurus, Inc. was founded in 2005 and is headquartered in Cambridge, Massachusetts. Cargurus Inc operates under Internet Content Information classification in the United States and is traded on NASDAQ Exchange. The company has 91.44 M outstanding shares of which 7.33 M shares are currently shorted by private and institutional investors with about 4.67 trading days to cover. More on CarGurus
Follow Valuation Options Odds of Bankruptcy
Financial Report 14th of May 2024
CarGurus Stock Highlights
Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. CarGurus' investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding CarGurus or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
| Treasurer CEO | Jason Trevisan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Business Concentration | Interactive Media & Services, Auto & Truck Dealerships, Communication Services, SP Small-Cap 600, NASDAQ Composite, Communication Services, Interactive Media & Services, Internet Content & Information, Communication Services (View all Sectors) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Average Analyst Recommendation Analysts covering CarGurus report their recommendations after researching CarGurus' financial statements, talking to executives and customers, or listening in on CarGurus' conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering CarGurus. The CarGurus consensus assessment is calculated by taking the average forecast from all of the analysts covering CarGurus. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Financial Strength Based on the key indicators related to CarGurus' liquidity, profitability, solvency, and operating efficiency, CarGurus is performing exceptionally good at this time. It has a great probability to report excellent financial results in May. Financial strength of CarGurus is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
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CarGurus' financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to CarGurus' success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand CarGurus' financial leverage. It provides some insight into what part of CarGurus' total assets is financed by creditors.
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CarGurus (CARG) is traded on NASDAQ Exchange in USA. It is located in 55 Cambride Parkway, Cambridge, MA, United States, 02142 and employs 1,343 people. CarGurus is listed under Interactive Media & Services category by Fama And French industry classification. The company currently falls under 'Mid-Cap' category with a current market capitalization of 2.28 B. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate CarGurus's market, we take the total number of its shares issued and multiply it by CarGurus's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. CarGurus conducts business under Interactive Media & Services sector and is part of Communication Services industry. The entity has 91.44 M outstanding shares of which 7.33 M shares are currently shorted by private and institutional investors with about 4.67 trading days to cover.
CarGurus currently holds about 404.43 M in cash with 124.53 M of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.4.
Check CarGurus Probability Of Bankruptcy
Ownership AllocationCarGurus retains a total of 91.44 Million outstanding shares. The majority of CarGurus outstanding shares are owned by other corporate entities. These outside corporations are usually referred to as non-private investors looking to acquire positions in CarGurus to benefit from reduced commissions. Consequently, institutional investors are subject to a different set of regulations than regular investors in CarGurus. Please pay attention to any change in the institutional holdings of CarGurus as this could imply that something significant has changed or is about to change at the company. Note that regardless of who owns the company, if the true value of the entity is less than the market is willing to pay for it, you may not be able to generate positive returns over time.
Check CarGurus Ownership Details
CarGurus Stock Price Odds Analysis
In reference to a normal probability distribution, the odds of CarGurus jumping above the current price in 90 days from now is close to 99%. The CarGurus probability density function shows the probability of CarGurus stock to fall within a particular range of prices over 90 days. Given the investment horizon of 90 days the stock has a beta coefficient of 1.773 suggesting as the benchmark fluctuates upward, the company is expected to outperform it on average. However, if the benchmark returns are projected to be negative, CarGurus will likely underperform. Additionally, carGurus has a negative alpha, implying that the risk taken by holding this instrument is not justified. The company is significantly underperforming the NYSE Composite.
Based on a normal probability distribution, the odds of CarGurus to move above the current price in 90 days from now is close to 99 (This CarGurus probability density function shows the probability of CarGurus Stock to fall within a particular range of prices over 90 days) .
CarGurus Stock Institutional Holders
Institutional Holdings refers to the ownership stake in CarGurus that is held by large financial organizations, pension funds or endowments. Institutions may purchase large blocks of CarGurus' outstanding shares and can exert considerable influence upon its management. Institutional holders may also work to push the share price higher once they own the stock. Extensive social media coverage, TV shows, articles in high-profile magazines, and presentations at investor conferences help move the stock higher, increasing CarGurus' value.| Instituion | Recorded On | Shares | |
| Dragoneer Investment Group, Llc | 2023-12-31 | 1.8 M | |
| Man Group Plc | 2023-12-31 | 1.6 M | |
| Vitruvian Partners | 2023-12-31 | 1.4 M | |
| Thrivent Financial For Lutherans | 2023-12-31 | 1.3 M | |
| Northern Trust Corp | 2023-12-31 | 1 M | |
| Prevatt Capital Ltd | 2023-12-31 | 1000 K | |
| Charles Schwab Investment Management Inc | 2023-12-31 | 924.7 K | |
| Select Equity Group Lp | 2023-12-31 | 908.5 K | |
| Fort Washington Investment Advisors Inc | 2023-12-31 | 839.9 K | |
| Blackrock Inc | 2023-12-31 | 15 M | |
| Vanguard Group Inc | 2023-12-31 | 10.1 M |
CarGurus Historical Income Statement
CarGurus Income Statement is one of the three primary financial statements used for reporting CarGurus's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of CarGurus revenue and expense. CarGurus Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, CarGurus' Depreciation And Amortization is most likely to increase significantly in the upcoming years. The CarGurus' current Interest Expense is estimated to increase to about 4.6 M, while Total Revenue is projected to decrease to roughly 700.2 M. View More FundamentalsCarGurus Stock Against Markets
Picking the right benchmark for CarGurus stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in CarGurus stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for CarGurus is critical whether you are bullish or bearish towards CarGurus at a given time. Please also check how CarGurus' historical prices are related to one of the top price index indicators.
Be your own money manager
Our tools can tell you how much better you can do entering a position in CarGurus without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.Did you try this?
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CarGurus Corporate Directors
CarGurus corporate directors refer to members of a CarGurus board of directors. The board of directors generally takes responsibility for the CarGurus' affairs and long-term direction of the entity. A corporate director does not make decisions for the corporation on his own. As a member of the board of directors, she or he must function as a part of a group that makes decisions on behalf of the business only by the board of directors' meetings. To pass a resolution, a majority of CarGurus' board members must vote for the resolution. The CarGurus board of directors' duties also include the election, removal, and supervision of officers, including the adoption, amendment, and repeal of bylaws.| Lori Hickok | Independent Director | Profile | |
| Greg Schwartz | Director | Profile | |
| Steven Conine | Independent Director | Profile | |
| Ian Smith | Director | Profile |
How to buy CarGurus Stock?
Before investing in CarGurus, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in CarGurus. To buy CarGurus stock, you can follow these steps:- Choose a brokerage firm: You need to select a brokerage firm to buy shares of CarGurus. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
- Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
- Fund your account: You will need to deposit funds into your brokerage account to purchase CarGurus stock. You can do this by transferring funds from your bank account or other investment accounts.
- Place your order: Once you have located CarGurus stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
- Monitor your investment: After you have purchased CarGurus stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as CarGurus, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy CarGurus Stock please use our How to Invest in CarGurus guide.
Already Invested in CarGurus?
The danger of trading CarGurus is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of CarGurus is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than CarGurus. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile CarGurus is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether CarGurus is a strong investment it is important to analyze CarGurus' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact CarGurus' future performance. For an informed investment choice regarding CarGurus Stock, refer to the following important reports: Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in CarGurus. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more detail on how to invest in CarGurus Stock please use our How to Invest in CarGurus guide.You can also try the Positions Ratings module to determine portfolio positions ratings based on digital equity recommendations. Macroaxis instant position ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for CarGurus Stock analysis
When running CarGurus' price analysis, check to measure CarGurus' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy CarGurus is operating at the current time. Most of CarGurus' value examination focuses on studying past and present price action to predict the probability of CarGurus' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move CarGurus' price. Additionally, you may evaluate how the addition of CarGurus to your portfolios can decrease your overall portfolio volatility.
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Is CarGurus' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of CarGurus. If investors know CarGurus will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about CarGurus listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.166 | Earnings Share 0.19 | Revenue Per Share 8.073 | Quarterly Revenue Growth (0.22) | Return On Assets 0.0222 |
The market value of CarGurus is measured differently than its book value, which is the value of CarGurus that is recorded on the company's balance sheet. Investors also form their own opinion of CarGurus' value that differs from its market value or its book value, called intrinsic value, which is CarGurus' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because CarGurus' market value can be influenced by many factors that don't directly affect CarGurus' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between CarGurus' value and its price as these two are different measures arrived at by different means. Investors typically determine if CarGurus is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, CarGurus' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.