cargurus (cargurus.com) uses data and technology to help consumers find the best car deals from car dealers they can trust. founded in 2006 by langley steinert, also a co-founder of tripadvisor, we’re now the 2nd largest and fastest growing auto-shopping website in the u.s. by daily user traffic. at cargurus, we believe a transparent car shopping experience is better for shoppers and sellers alike, and we innovate constantly to deliver on that promise. today more than 15 million (and growing) unique monthly visitors use our site and our mobile app to find their next car. with headquarters in cambridge, cargurus has that "start-up feel" (we dislike meetings, play lots of foosball, have catered lunches and fun company outings—the list goes on). unlike many start-ups, however, we have the advantage of being profitable (for 5.5 years!) with sustained revenue growth. cargurus is an engineering-driven company with a passion for data, and that drives everything from the speed at which we

Company profile
Ticker
CARG
Exchange
Website
CEO
Langley Steinert
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Cargurus LLC
SEC CIK
Corporate docs
Subsidiaries
Auto List, Inc. • CarGurus Canada, Inc., a company incorporated • CarGurus Ireland Limited • CarGurus Securities Corp. • CarGurus UK Limited • CarOffer, LLC • Pistonheads Holdco Limited • WPLE, Inc. • 1The Company ...
CARG stock data
Analyst ratings and price targets
Latest filings (excl ownership)
10-Q
2023 Q2
Quarterly report
9 Aug 23
8-K
CarGurus Announces Second Quarter 2023 Results
9 Aug 23
8-K
Amendments to Articles of Incorporation or Bylaws
4 Aug 23
8-K
CarGurus Delays Earnings Release and Conference Call
3 Aug 23
8-K
CarGurus Announces Appointment of Manik Gupta to Board of Directors
17 Jul 23
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 23
10-Q
2023 Q1
Quarterly report
9 May 23
8-K
CarGurus Announces First Quarter 2023 Results
9 May 23
ARS
2022 FY
Annual report to shareholders
26 Apr 23
DEF 14A
Definitive proxy
26 Apr 23
Transcripts
CARG
Earnings call transcript
2023 Q2
9 Aug 23
CARG
Earnings call transcript
2023 Q1
9 May 23
CARG
Earnings call transcript
2022 Q4
28 Feb 23
CARG
Earnings call transcript
2022 Q3
9 Nov 22
CARG
Earnings call transcript
2022 Q2
9 Aug 22
CARG
Earnings call transcript
2022 Q1
10 May 22
CARG
Earnings call transcript
2021 Q4
25 Feb 22
CARG
Earnings call transcript
2021 Q3
10 Nov 21
CARG
Earnings call transcript
2021 Q2
7 Aug 21
CARG
Earnings call transcript
2021 Q1
9 May 21
Latest ownership filings
4
Dafna Sarnoff
5 Sep 23
4
Andrea Lee Eldridge
5 Sep 23
SC 13G/A
WELLINGTON MANAGEMENT GROUP LLP
10 Aug 23
4
Javier Esquivel Zamora
2 Aug 23
4
Manik Gupta
17 Jul 23
3
Manik Gupta
17 Jul 23
SC 13G/A
VANGUARD GROUP INC
10 Jul 23
SC 13G/A
BlackRock Inc.
7 Jul 23
4
Javier Esquivel Zamora
3 Jul 23
4
Samuel Zales
3 Jul 23
Financial summary
Quarter (USD) | Jun 23 | Mar 23 | Dec 22 | Sep 22 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | Dec 19 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 374.62 mm | 374.62 mm | 374.62 mm | 374.62 mm | 374.62 mm | 374.62 mm |
Cash burn (monthly) | 32.35 mm | (no burn) | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 90.54 mm | n/a | n/a | n/a | n/a | n/a |
Cash remaining | 284.08 mm | n/a | n/a | n/a | n/a | n/a |
Runway (months of cash) | 8.8 | n/a | n/a | n/a | n/a | n/a |
Institutional ownership, Q2 2023
13F holders | Current |
---|---|
Total holders | 219 |
Opened positions | 59 |
Closed positions | 43 |
Increased positions | 64 |
Reduced positions | 59 |
13F shares | Current |
---|---|
Total value | 2.24 tn |
Total shares | 120.97 mm |
Total puts | 444.10 k |
Total calls | 401.90 k |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
BLK Blackrock | 14.82 mm | $335.47 bn |
Vanguard | 10.26 mm | $232.17 bn |
Dragoneer Investment | 9.28 mm | $210.09 bn |
ArrowMark Colorado | 9.13 mm | $206.64 bn |
Wellington Management | 8.70 mm | $196.94 bn |
Stad Marc | 8.57 mm | $271.86 mm |
Par Investment Partners | 6.74 mm | $94.49 mm |
MFC Manulife Financial | 6.55 mm | $91.83 mm |
MS Morgan Stanley | 4.81 mm | $108.90 bn |
Foxhaven Asset Management | 4.16 mm | $94.22 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Sep 23 | Andrea Lee Eldridge | Class A Common Stock | Payment of exercise | Dispose F | No | No | 18.47 | 257 | 4.75 k | 149,757 |
1 Sep 23 | Dafna Sarnoff | Class A Common Stock | Payment of exercise | Dispose F | No | No | 18.47 | 993 | 18.34 k | 121,968 |
1 Aug 23 | Javier Esquivel Zamora | Class A Common Stock | Payment of exercise | Dispose F | No | No | 22.28 | 4,565 | 101.71 k | 92,000 |
14 Jul 23 | Manik Gupta | Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,517 | 0.00 | 3,517 |
News
Why Cargurus (CARG) Stock Is Volatile This Week
15 Sep 23
Benzinga's Top Ratings Upgrades, Downgrades For September 15, 2023
15 Sep 23
10 Analysts Have This to Say About CarGurus
15 Sep 23
UBS Initiates Coverage On CarGurus with Neutral Rating, Announces Price Target of $21
15 Sep 23
Where CarGurus Stands With Analysts
14 Aug 23
Press releases
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CarGurus, Inc. - CARG
28 Aug 23
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CarGurus, Inc. - CARG
18 Aug 23
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of CarGurus, Inc. - CARG
10 Aug 23
CarGurus Announces Second Quarter 2023 Results
9 Aug 23
CarGurus To Report Second Quarter 2023 Financial Results
7 Aug 23