Needham reiterated coverage of CarGurus with a rating of Buy and set a new price target of $24.00 from $22.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/7/2024 | $30.00 | Mkt Perform → Mkt Outperform | JMP Securities |
| 2/27/2024 | $22.00 → $24.00 | Buy | Needham |
| 9/15/2023 | $21.00 | Neutral | UBS |
| 7/20/2023 | $28.00 | Buy | B. Riley Securities |
| 6/27/2023 | $29.00 | Overweight | JP Morgan |
| 2/16/2023 | $12.00 | Neutral → Underweight | Piper Sandler |
| 12/13/2022 | Neutral | Citigroup | |
| 6/30/2022 | Mkt Perform | JMP Securities |
JMP Securities analyst Nicholas Jones reiterates CarGurus (NASDAQ:CARG) with a Market Outperform and maintains $30 price target.
6 analysts have expressed a variety of opinions on CarGurus (NASDAQ:CARG) over the past quarter, offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 3 2 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 0 0 0 2M Ago 1 2 1 0 0 3M Ago 0 0 0 0 0 Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $27.25, a high estimate of $30.00, and a low estimate of $25.00. Surpassing the previou
Citigroup analyst Ronald Josey maintains CarGurus (NASDAQ:CARG) with a Neutral and raises the price target from $24 to $27.
SC 13G/A - CarGurus, Inc. (0001494259) (Subject)
SC 13G/A - CarGurus, Inc. (0001494259) (Subject)
SC 13G/A - CarGurus, Inc. (0001494259) (Subject)
10-Q - CarGurus, Inc. (0001494259) (Filer)
8-K - CarGurus, Inc. (0001494259) (Filer)
10-Q - CarGurus, Inc. (0001494259) (Filer)
Q3'24 Marketplace revenue further accelerated to 15% YoY Consolidated GAAP Net Income of $22.5 million1, up 19% YoY; Non-GAAP Consolidated Adjusted EBITDA of $64.9 million, up 33% YoY CarGurus' Board of Directors authorized $200.0 million share repurchase program for fiscal year 2025 BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the third quarter ended September 30, 2024. "We are proud of our third quarter results as our Marketplace revenue growth further accelerated, and we leveraged our cost base to drive operating efficienc
BOSTON, Oct. 17, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, announced it will issue a press release reporting financial results for the third quarter ended September 30, 2024, after the close of the market on November 7, 2024. CarGurus will host a conference call and live webcast to discuss those financial results for investors and analysts at 5:00 p.m. Eastern Time on November 7, 2024. To access the conference call, dial (844) 834-0648 for the U.S. or Canada, or (412) 542-4103 for international callers. The webcast will be available live on the Investors section of the company's
Q2'24 Marketplace revenue accelerated to 14% YoY, marking the third consecutive quarter of double-digit growth Consolidated GAAP Net Loss of $68.7 million1; Non-GAAP Adjusted EBITDA of $55.6 million, up 23% YoY Repurchased $61 million worth of shares in 2Q'24, representing 2.5% of our outstanding capital CAMBRIDGE, Mass., Aug. 08, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the second quarter ended June 30, 2024. "Our Marketplace business continued to accelerate, achieving the largest quarterly revenue increase since 2021, driven by higher a
JMP Securities upgraded CarGurus from Mkt Perform to Mkt Outperform and set a new price target of $30.00
Needham reiterated coverage of CarGurus with a rating of Buy and set a new price target of $24.00 from $22.00 previously
UBS initiated coverage of CarGurus with a rating of Neutral and set a new price target of $21.00
BOSTON, Nov. 12, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Elisa Palazzo, Chief Financial Officer, is scheduled to participate in a fireside chat at RBC's 2024 Global Technology, Internet, Media and Telecommunications Conference on Tuesday, November 19, 2024 at 4:00 PM ET. A webcast of the fireside chat will be accessible from the Investor Relations page of the company's website at https://investors.cargurus.com beginning at the time indicated above, and an archive of the presentation will be available there for 30 days following the event. About CarGurus, I
Q3'24 Marketplace revenue further accelerated to 15% YoY Consolidated GAAP Net Income of $22.5 million1, up 19% YoY; Non-GAAP Consolidated Adjusted EBITDA of $64.9 million, up 33% YoY CarGurus' Board of Directors authorized $200.0 million share repurchase program for fiscal year 2025 BOSTON, Nov. 07, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles*, today announced financial results for the third quarter ended September 30, 2024. "We are proud of our third quarter results as our Marketplace revenue growth further accelerated, and we leveraged our cost base to drive operating efficienc
BOSTON, Nov. 04, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the fastest-growing automotive shopping site in Canada1, today introduced a new digital retail solution that powers more seamless and efficient connections between dealers and purchase-ready shoppers in Canada. CarGurus Digital Deal enables consumers to start their financing application online for eligible new and used vehicles, book an appointment, and start a trade-in before completing the process at the dealership. "By allowing car shoppers to handle more steps from the comfort of home, CarGurus Digital Deal helps facilitate a more seamless online to in-store experience that benefits both sides of the transaction," said
4 - CarGurus, Inc. (0001494259) (Issuer)
4 - CarGurus, Inc. (0001494259) (Issuer)
4 - CarGurus, Inc. (0001494259) (Issuer)
Hanson brings more than 20 years of experience specializing in organizational design, employee engagement, and workplace culture CAMBRIDGE, Mass., Sept. 16, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Jennifer Hanson has been appointed Chief People Officer (CPO), effective September 30, 2024. With more than 20 years of experience in human resources (HR), employee benefits, and law, Hanson will lead CarGurus' People and Talent team in their work advancing organizational strategies, talent development, and engagement to drive business performance and continued innova
Growth leader brings nearly 20 years of experience driving customer sales, service, and partnership strategy for online marketplace businesses CAMBRIDGE, Mass., Sept. 03, 2024 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Mike O'Hanlon as Chief Revenue Officer (CRO), effective September 3, 2024. With deep experience driving customer growth and retention strategies for online marketplace and software as a service (SaaS) businesses, O'Hanlon will lead CarGurus' Sales and Service teams to support growth objectives and priorities to nurture deeper relationships wi
CAMBRIDGE, Mass., Dec. 14, 2023 (GLOBE NEWSWIRE) -- CarGurus (NASDAQ:CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced the appointment of Ismail Elshareef as Chief Product Officer (CPO), effective February 1, 2024. With over 20 years of experience building highly engaging consumer transaction products and value-added solutions for small and midsize businesses (SMBs), Elshareef will lead CarGurus' product strategy and roadmap with a focus on driving value to consumers, dealers, and the overall business. "We believe Ismail's marketplace expertise across subscription and transaction-based models will play a critical r