How to Buy Cargurus Stock
Cargurus Inc
CarGurus, Inc. operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally.
Cargurus stock last closed at $26.61, down 0.41% from the previous day, and has increased 25.4% in one year. It has overperformed other stocks in the Auto & Truck Dealerships industry by 0.05 percentage points. Cargurus stock is currently +22.91% from its 52-week low of $21.65, and -35.62% from its 52-week high of $41.33.
As of Apr 17, 2025, there are 104.42M CARG shares outstanding. The market value of CARG is $2.78B. In the last 24 hours, 960,784 CARG shares were traded.
How to Buy Cargurus Stock
Not sure how to invest in Cargurus stock? Here's how.
- Decide where to buy Cargurus stock: You need to pick a stock brokerage, but don't worry - we've tried dozens of stock brokerages and apps to help you determine where to buy Cargurus stock.
- Open your brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've found.
- Deposit money your investment account: Pick your payment method and add your information.
- Evaluate Cargurus stock: The Cargurus ticker symbol is CARG. Is Cargurus stock a good investment? Should you buy shares of CARG? How do CARG's underlying business fundamentals look? Do top analysts think Cargurus is a good buy? Why has CARG's stock price moved recently? (Hint: Our stock market research tools can help you evaluate if CARG is a good stock to buy).
- Place your CARG buy order: Decide if you will purchase CARG shares at the current market price or use a limit order to buy CARG shares at a given price.
- Keep an eye on your investment in CARG: Create a watchlist to get live updates on your investment in Cargurus stock.
Step 1: Decide where to buy Cargurus stock
You need an online brokerage account in order to access the NASDAQ market and buy CARG shares.
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Open eToro AccountStep 2: Open your brokerage account
Now that you've selected your brokerage, you need to fill out some personal info so you are able to invest in CARG stock today.
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Step 3: Deposit money your investment account
Now that you've created your account on a good online stock trading app, you can securely and quickly fund your account:
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Step 4: Evaluate Cargurus stock
Once you have selected the best place to buy Cargurus stock, it's crucial to analyze their stock prior to investing, so you truly wrap your head around the risk as well as the upside.
Cargurus Numbers
CARG Due Diligence Checks
WallStreetZen was built to help average investors do more in-depth fundamental analysis.
You can view all of the due diligence checks on CARG's stock page.
How is CARG stock valued?
Investors use many financial metrics, analyses, models, and charts to gauge CARG's true value.
Using relative valuations methods:
- CARG may be overvalued based on its P/E ratio of 133.05x, relative to Auto & Truck Dealerships industry P/E ratio of 59.85x
- CARG may be overvalued based on its P/B ratio of 5.13x, relative to Auto & Truck Dealerships industry P/B ratio of 2.96x
- CARG may be undervalued based on its PEG ratio of 0.91x
You can do additional valuation analysis on CARG's stock here.
CARG Financial Health Overview
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the CARG balance sheet.
- There are more short-term assets than long-term liabilities on the CARG balance sheet.
- CARG's operating cash flow of $255.49M allows it to safely service it's debt of $192.74M.
- Total CARG debt is lower than 5 years ago, relative to shareholder equity.
- CARG earnings of $24.66M is not sufficient to cover its interest payments.
Negative Financial Indicators:
- CARG has a relatively high debt to equity ratio of 0.52.
- CARG profit margin has gone down from 3.4% to 2.3% in the past year.
Is it a good time to buy CARG stock, according to analysts?
Out of 10 Wall Street analysts who give recommendations on CARG, the consensus analyst rating on Cargurus is a Buy
Please keep in mind that analyst ratings are not stock recommendations, nor are they investment advice.
Most Recent CARG Analyst Forecasts
Brad Erickson, a top 4% analyst from RBC Capital maintains CARG with a buy rating and raises their CARG price target from $30.00 to $42.00, on Nov 11, 2024.
Naved Khan, a top 8% analyst from B. Riley Securities maintains CARG with a strong buy rating and raises their CARG price target from $30.00 to $40.00, on Nov 11, 2024.
B. Riley Securities's Naved raised their price target on Cargurus (NASDAQ: CARG) by 33.3% from $30 to $40 on 2024/11/11. The analyst maintained their Strong Buy rating on the stock.
CarGurus reported its Q3 2024 earnings on 2024/11/07.
Following the company's "strong" results, Khan said they now take an "incrementally more positive" view on Cargurus.
The analyst explained that the company's core marketplace continued to experience strong growth in the quarter.
In addition, Khan noted that management's Q4 midpoint guidance indicates that this trend is expected to continue.
Earnings Report
For Q3 2023, CarGurus reported:
- EPS of $0.45, which beat the Zacks Consensus Estimate of $0.42 and Q3 2023's $0.34.
- Revenue of $231.36M, which beat the Zacks Consensus Estimate by 3.75% and Q3 2023's $219.42M.
Management guided:
For Q4 2024:
- EPS of $0.50 to $0.55.
- Revenue of $219M to $239M.
For FY 2024:
- EPS of $1.67 to $1.73.
- Revenue of $885M to $905M.
CEO Jason Trevisan commented: "We are proud of our third quarter results as our Marketplace revenue growth further accelerated, and we leveraged our cost base to drive operating efficiencies.
"Our customer-centric focus has enabled us to capture greater wallet share as we strive to continuously enhance the value proposition we offer to our dealer partners, delivering actionable insights, tools, and functionalities that will, over time, drive adoption, engagement, and retention across our platform."
Tom White, a bottom 7% analyst from DA Davidson maintains CARG with a hold rating and raises their CARG price target from $26.50 to $38.50, on Nov 8, 2024.
Marvin Fong, a bottom 13% analyst from BTIG maintains CARG with a strong buy rating and raises their CARG price target from $30.00 to $35.00, on Oct 22, 2024.
John Colantuoni, a top 25% analyst from Jefferies maintains CARG with a strong buy rating and raises their CARG price target from $35.00 to $38.00, on Oct 22, 2024.
You can dig deeper into what analysts are saying on the Cargurus stock forecast page.
Metrics for Advanced CARG Traders
How is CARG performing as a company?
Last year, CARG earnings were $20.97M. Over the past 5 year, CARG's earnings have increased by -12.05% per year. This was faster than the Auto & Truck Dealerships industry average of -16.62%.
Last year, CARG revenue was $894.38M. Over the last 5 year, CARG's revenue has increased by 8.72% per year. This was slower than the Auto & Truck Dealerships industry average of 18.08%.
Find out more about CARG's earnings and revenue performance here.
Are CARG executives and large shareholders buying or selling the stock?
Over the last 12 months, insiders at CARG have sold more shares than they have bought.
Zachary Emerson Hallowell, CEO CarOffer of CARG, was the latest CARG insider to sell. They sold $70,113.28 worth of CARG shares on Apr 16, 2025.
Research more about who owns CARG shares here.
Can I get consistent income from CARG stock?
No, Cargurus doesn't provide an income stream by paying out dividends.
What do other traders have to say about CARG?
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Step 5: Place your CARG buy order
There are two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are mostly sufficient. - Limit order: A limit order enables you to buy or sell a security at a specific price (or better).
If you want to make sure you're buying or selling at a given price limit, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you need additional info about buying stocks on eToro, watch the how to video below:
Step 6: Keep an eye on your investment in CARG
Now that you own some shares in CARG, you'll want to keep up with your new investment.
Make a watchlist to get notified of the latest news about your CARG stock.
CARG Feed
How to Buy Stock in Cargurus
To summarize, here are the 6 steps you need to take to buy Cargurus stock right now:
- Decide where to buy Cargurus stock
- Open your brokerage account
- Deposit money your investment account
- Evaluate Cargurus stock
- Place your CARG buy order
- Keep an eye on your investment in CARG
If you require a brokerage, eToro is our favorite option.
Get Started with eToro TodayIf you want to get notifications regarding your investment in Cargurus, create a watchlist on WallStreetZen today.
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