Shares of CarGurus Inc (NASDAQ:CARG) have received an average rating of “Buy” from the fourteen research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $49.90.
A number of equities research analysts have recently issued reports on the company. Zacks Investment Research raised CarGurus from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research report on Wednesday, March 20th. Oppenheimer assumed coverage on CarGurus in a research report on Tuesday, January 8th. They set a “buy” rating and a $42.00 target price on the stock. DA Davidson set a $54.00 target price on CarGurus and gave the stock a “buy” rating in a research report on Tuesday, March 26th. Goldman Sachs Group raised CarGurus from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $43.00 to $48.00 in a research report on Monday, March 18th. Finally, Benchmark reaffirmed a “buy” rating and set a $50.00 target price on shares of CarGurus in a research report on Friday, March 1st.
Shares of CarGurus stock opened at $36.41 on Thursday. The firm has a market cap of $4.54 billion, a PE ratio of 63.88, a P/E/G ratio of 37.27 and a beta of 1.93. CarGurus has a 12-month low of $29.18 and a 12-month high of $57.25.
CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, February 28th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.07. The company had revenue of $126.09 million for the quarter, compared to analyst estimates of $122.13 million. CarGurus had a return on equity of 15.03% and a net margin of 13.10%. Research analysts anticipate that CarGurus will post 0.22 EPS for the current fiscal year.
In other CarGurus news, CEO Langley Steinert sold 176,109 shares of the business’s stock in a transaction dated Thursday, February 7th. The stock was sold at an average price of $41.17, for a total value of $7,250,407.53. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Oliver Ian Chrzan sold 20,000 shares of the business’s stock in a transaction dated Wednesday, January 23rd. The shares were sold at an average price of $38.52, for a total value of $770,400.00. The disclosure for this sale can be found here. Insiders have sold 2,954,950 shares of company stock worth $118,405,200 in the last quarter. 34.51% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. NumerixS Investment Technologies Inc bought a new stake in shares of CarGurus during the 4th quarter worth about $30,000. NEXT Financial Group Inc boosted its stake in shares of CarGurus by 50.1% during the 4th quarter. NEXT Financial Group Inc now owns 5,555 shares of the company’s stock worth $187,000 after acquiring an additional 1,855 shares in the last quarter. Two Sigma Advisers LP boosted its stake in shares of CarGurus by 0.3% during the 4th quarter. Two Sigma Advisers LP now owns 777,920 shares of the company’s stock worth $26,239,000 after acquiring an additional 2,000 shares in the last quarter. Quantamental Technologies LLC bought a new stake in shares of CarGurus during the 4th quarter worth about $78,000. Finally, Legal & General Group Plc boosted its stake in shares of CarGurus by 17.4% during the 4th quarter. Legal & General Group Plc now owns 20,035 shares of the company’s stock worth $676,000 after acquiring an additional 2,968 shares in the last quarter. Institutional investors own 72.05% of the company’s stock.
CarGurus Company Profile
CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.
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