- Investing.com
CarGurus, Inc. operates an online automotive platform for buying and selling vehicles in the United States and internationally. The company offers dealer subscription fees, advertising from auto manufacturers and other brand advertisers, and partnerships with financing services companies. It provides an online automotive marketplace that connects large audience of car shoppers with extensive network of dealers, anchoring our integrated suite of products. It also offers Digital Deal which allows consumers the option to start their vehicle purchase process online for eligible listings; Dealership Mode which provides consumers with on-the-lot support during visits to participating dealers through the CarGurus app; Sell My Car – Top Dealer Offers which allows dealers to make tailored trade-in offers; and IMV Scan enables dealers to scan a VIN using their smartphone to access IMV data; and PriceVantage, an advanced pricing software powered by machine learning that leverages real-time consumer demand. In addition, the company provides 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 | |
|---|---|---|---|---|
P/E Ratio | 14.6x | 11.2x | 6.3x | |
PEG Ratio | 0.02 | 0.12 | 0.01 | |
Price/Book | 7.7x | 1.4x | 1.8x | |
Price / LTM Sales | 3.2x | 0.9x | 1.4x | |
Upside (Analyst Target) | 21.0% | 52.9% | 30.2% | |
Fair Value Upside | Unlock | 37.6% | 15.4% | Unlock |