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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 Boston, Massachusetts.
Marketplace Momentum | CarGurus' core marketplace business shows robust growth, with expanding dealer base and increased adoption of value-added products driving revenue |
CarOffer Conundrum | Explore the challenges and potential turnaround strategies for CarGurus' underperforming CarOffer segment, and its impact on overall company valuation |
Innovation Engine | Delve into CarGurus' product innovations, including Next Best Deal Rating and Digital Deal, and their role in enhancing user experience and revenue diversification |
Market Outlook | Analyst price targets range from $30 to $42, reflecting cautious optimism amid stabilizing automotive industry trends and CarGurus' strategic positioning |
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 | −81.8x | 35.9x | 4.8x | |
PEG Ratio | 0.51 | −0.03 | 0.01 | |
Price/Book | 8.2x | 2.3x | 1.8x | |
Price / LTM Sales | 4.5x | 1.8x | 1.4x | |
Upside (Analyst Target) | 3.1% | 23.0% | 22.0% | |
Fair Value Upside | Unlock | 24.2% | 13.6% | Unlock |