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Market Dynamics | Analyst price targets range from $27 to $32, reflecting CarGurus' potential amidst stabilizing automotive industry trends and evolving online retail landscape |
Financial Fortitude | Delve into CarGurus' strong Q2 2024 results, surpassing estimates with revenue projections of $212-232 million and adjusted EBITDA of $56-64 million for Q3 |
Wholesale Woes | Explore the challenges facing CarGurus' Digital Wholesale segment, including a 66% revenue decline and ongoing recovery efforts for the CarOffer business |
Marketplace Momentum | CarGurus' core business thrives with 14% YoY revenue growth, expanding dealer base, and successful product adoption, driving overall company performance |
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 where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers. It also offers dealer and non-dealer advertising products for its websites and social media platforms. The company operates online marketplaces under the CarGurus brand in the United States, Canada, and the United Kingdom; Autolist and CarOffer brands in the United States; and PistonHeads brand in the United Kingdom. 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 Cambridge, Massachusetts.
Metrics to compare | CARG | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipCARGPeersSector | |
---|---|---|---|---|
P/E Ratio | −65.3x | 12.3x | 5.9x | |
PEG Ratio | 0.49 | −0.55 | 0.01 | |
Price / Book | 7.1x | 2.0x | 1.8x | |
Price / LTM Sales | 3.6x | 1.6x | 1.4x | |
Upside (Analyst Target) | −2.9% | 34.2% | 23.9% | |
Fair Value Upside | Unlock | 17.3% | 15.4% | Unlock |