CARG Stock - CarGurus, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $894.38M | $914.24M | $1.66B | $951.37M | $551.45M |
| Gross Profit | $738.95M | $651.45M | $657.55M | $657.36M | $508.75M |
| Gross Margin | 82.6% | 71.3% | 39.7% | 69.1% | 92.3% |
| Operating Income | $13.41M | $32.63M | $108.48M | $148.27M | $97.76M |
| Net Income | $20.97M | $31.10M | $193.78M | $109.24M | $77.55M |
| Net Margin | 2.3% | 3.4% | 11.7% | 11.5% | 14.1% |
| EPS | $0.20 | $0.19 | $1.64 | $-0.00 | $0.69 |
CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace that allows customers to search for new and used car listings from its dealers; and connects dealers to a large audience of informed and engaged consumers while providing dealers with actionable data-based insights. It also offers Digital Deal which allows shoppers to start purchase from a VDP on eligible listings that provides them with purchase options; Finance in Advance, where eligible consumers can pre-qualify for financing on cars from dealerships that offer financing from partners; Sell My Car Top Dealer Offers which allows dealers to make tailored trade-in offers; and Sell My Car Instant Max Cash Offer which allows consumers to sell vehicles to dealers online. In addition, the company provides dealer listings and data insights products; auto manufacturers and others advertiser products, such as brand reinforcement, category sponsorship, automobile segment exclusivity, and consumer segment exposure; Autolist, an online automotive marketplace through mobile applications and a website; and PistonHeads which is an automotive marketplace, auction platform, and editorial site for automotive enthusiasts. The company was formerly known as CarGurus LLC and changed its name to CarGurus, Inc. in June 2015. CarGurus, Inc. was founded in 2005 and is headquartered in Boston, Massachusetts.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 14th 2025 | Gordon Haskett | Initiation | Hold | $35 |
| July 2nd 2025 | Citizens JMP | Downgrade | Market Perform | - |
| March 27th 2025 | JP Morgan | Downgrade | Neutral | $34← $42 |
| January 16th 2025 | Needham | Reiterated | Buy | $45← $39 |
| June 7th 2024 | JMP Securities | Upgrade | Mkt Outperform | $30 |
| February 27th 2024 | Needham | Reiterated | Buy | $24← $22 |
| September 15th 2023 | UBS | Initiation | Neutral | $21 |
| July 20th 2023 | B. Riley Securities | Initiation | Buy | $28 |
| June 27th 2023 | JP Morgan | Initiation | Overweight | $29 |
| February 16th 2023 | Piper Sandler | Downgrade | Underweight | $12 |
| December 13th 2022 | Citigroup | Resumed | Neutral | - |
| June 30th 2022 | JMP Securities | Resumed | Market Perform | - |
| June 21st 2022 | BTIG Research | Reiterated | Buy | $33← $40 |
Earnings History & Surprises
CARGEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 6, 2026 | — | — | — | — |
Q1 2026 | Feb 19, 2026 | $0.61 | — | — | — |
Q4 2025 | Nov 6, 2025 | $0.55 | $0.57 | +3.6% | ✓ BEAT |
Q3 2025 | Aug 7, 2025 | $0.54 | $0.57 | +5.6% | ✓ BEAT |
Q2 2025 | May 8, 2025 | $0.42 | $0.46 | +9.5% | ✓ BEAT |
Q1 2025 | Feb 20, 2025 | $0.50 | $0.55 | +10.0% | ✓ BEAT |
Q4 2024 | Nov 7, 2024 | $0.42 | $0.45 | +7.1% | ✓ BEAT |
Q3 2024 | Aug 8, 2024 | $0.34 | $0.41 | +20.6% | ✓ BEAT |
Q2 2024 | May 9, 2024 | $0.29 | $0.32 | +10.3% | ✓ BEAT |
Q1 2024 | Feb 26, 2024 | $0.35 | $0.35 | 0.0% | = MET |
Q4 2023 | Nov 7, 2023 | $0.27 | $0.34 | +25.9% | ✓ BEAT |
Q3 2023 | Aug 9, 2023 | $0.23 | $0.29 | +26.1% | ✓ BEAT |
Q2 2023 | May 9, 2023 | $0.16 | $0.26 | +62.5% | ✓ BEAT |
Q1 2023 | Feb 28, 2023 | $0.10 | $0.22 | +120.0% | ✓ BEAT |
Q4 2022 | Nov 8, 2022 | $0.26 | $0.21 | -19.2% | ✗ MISS |
Q3 2022 | Aug 8, 2022 | $0.29 | $0.32 | +10.3% | ✓ BEAT |
Q2 2022 | May 9, 2022 | $0.35 | $0.36 | +2.9% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $0.29 | $0.43 | +48.3% | ✓ BEAT |
Q4 2021 | Nov 9, 2021 | $0.32 | $0.38 | +18.8% | ✓ BEAT |
Q3 2021 | Aug 5, 2021 | $0.24 | $0.41 | +70.8% | ✓ BEAT |
Latest News
CARG stock has given up its prior gain. CarGurus shares were trading higher after the company reported better-than-expected Q3 financial results.
➖ NeutralCarGurus shares are trading higher after the company reported better-than-expected Q3 financial results.
📈 PositiveCarGurus Non-GAAP EPS of $0.57 beats by $0.02, revenue of $238.7M beats by $3.82M
📈 PositiveCarGurus Sees FY2025 Adj EPS $2.19-$2.25 vs $2.20 Est
➖ NeutralCarGurus Sees Q4 Adj EPS $0.61-$0.67 vs $0.62 Est
➖ NeutralCarGurus Q3 Adj. EPS $0.57 Beats $0.55 Estimate, Sales $238.696M Beat $235.058M Estimate
📈 PositiveCitigroup Maintains Neutral on CarGurus, Raises Price Target to $41
➖ NeutralUBS Maintains Neutral on CarGurus, Raises Price Target to $40
➖ NeutralFrequently Asked Questions about CARG
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