During the recent session, CarGurus Inc (NASDAQ:CARG)’s traded shares were 0.7 million, with the beta value of the company hitting 1.43. At the last check today, the stock’s price was $31.52, reflecting an intraday gain of 12.79% or $3.57. The 52-week high for the CARG share is $41.33, that puts it down -31.12 from that peak though still a striking 31.31% gain since the share price plummeted to a 52-week low of $21.65. The company’s market capitalization is $3.12B, and the average trade volume was 1.30 million shares over the past three months.
CarGurus Inc (CARG) received a consensus recommendation of Buy from analysts. That translates to a mean rating of 1.57. CARG has a Sell rating from 0 analyst(s) out of 7 analysts who have looked at this stock. 1 analyst(s) recommend to Hold the stock while 0 suggest Overweight, and 6 recommend a Buy rating for it. 0 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be 0.49.
CarGurus Inc (NASDAQ:CARG) trade information
CarGurus Inc (CARG) registered a 12.79% upside in the last session and has traded in the green over the past 5 sessions. The stock spiked 12.79% in intraday trading to $31.52, hitting a weekly high. The stock’s 5-day price performance is 11.83%, and it has moved by 12.79% in 30 days. Based on these gigs, the overall price performance for the year is 39.43%.
The consensus price target of analysts on Wall Street is $40, which implies an increase of 21.2% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $40 and $40 respectively. As a result, CARG is trading at a discount of -26.9% off the target high and -26.9% off the low.
CarGurus Inc (CARG) estimates and forecasts
In the rating firms’ projections, revenue will increase 5.24% compared to the previous financial year.
As companies strive to predict their financial trajectories, we turn our attention to the forthcoming financial quarter. Here are the insights gathered from industry analysts. Revenue for the current quarter is expected to be 232.66M as predicted by 12 analyst(s). Meanwhile, a consensus of 12 analyst(s) estimates revenue growth to 239.58M by the end of current fiscal year. As per earnings report from last fiscal year’s results, sales for the corresponding quarters totaled 218.69M and 231.36M respectively. In this case, analysts expect current quarter sales to grow by 6.39% and then jump by 3.55% in the coming quarter.
An analysis of the company’s performance over the past 5 years shows that the company’s earnings shrunk an estimated -11.88%. While earnings are projected to return 16.39% in 2025, the next five years will return 15.89% per annum.
CARG Dividends
CarGurus Inc is due to release its next quarterly earnings in June. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.
The next largest institutional holding, with 9.3 million shares, is of VANGUARD GROUP INC’s that is approximately 8.9541% of outstanding shares. At the market price on 2024-06-30, these shares were valued at $243.58 million.
Also, the Mutual Funds coming in first place with the largest holdings of CarGurus Inc (CARG) shares are iShares Trust-iShares Core S&P Small-Cap ETF and VANGUARD INDEX FUNDS-Vanguard Total Stock Market Index Fund . Data provided on Mar 31, 2025 indicates that iShares Trust-iShares Core S&P Small-Cap ETF owns about 5.46 shares. This amounts to just over 6.45 percent of the company’s overall shares, with a $171.7 million market value. The same data shows that the other fund manager holds slightly less at 2.63, or about 3.11% of the stock, which is worth about $82.68 million.
