- Investing.com
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.
Market Dominance | Explore CarGurus' position as a leading online automotive marketplace, leveraging its platform to connect buyers and sellers while maintaining a strong 85.6% gross profit margin |
Financial Crossroads | Delve into CarGurus' mixed financial performance, with core marketplace growth offsetting challenges in the Digital Wholesale segment, as the company navigates industry shifts |
Strategic Evolution | Learn about CarGurus' initiatives for growth, including international expansion, CarOffer restructuring, and increased focus on premium tier adoption and value-added products |
Analyst Outlook | Discover varied analyst perspectives, with price targets ranging from $38 to $46, reflecting confidence in CarGurus' potential amid evolving market conditions |
Metrics to compare | CARG | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipCARGPeersSector | |
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P/E Ratio | 27.7x | 11.3x | 7.1x | |
PEG Ratio | 0.08 | 0.00 | 0.01 | |
Price/Book | 8.3x | 1.4x | 1.8x | |
Price / LTM Sales | 3.9x | 0.9x | 1.5x | |
Upside (Analyst Target) | 1.6% | 30.9% | 22.2% | |
Fair Value Upside | Unlock | 33.4% | 12.1% | Unlock |