Q1 2018 Earnings Estimate for CarGurus Inc Issued By DA Davidson (CARG)

CarGurus Inc (NASDAQ:CARG) – DA Davidson issued their Q1 2018 earnings per share (EPS) estimates for CarGurus in a report issued on Tuesday, April 3rd. DA Davidson analyst T. White expects that the company will post earnings per share of $0.01 for the quarter. DA Davidson has a “Neutral” rating and a $41.00 price target on the stock. DA Davidson also issued estimates for CarGurus’ Q2 2018 earnings at $0.03 EPS, Q3 2018 earnings at $0.03 EPS, Q4 2018 earnings at $0.05 EPS, FY2018 earnings at $0.12 EPS, Q1 2019 earnings at $0.03 EPS, Q2 2019 earnings at $0.04 EPS, Q3 2019 earnings at $0.05 EPS, Q4 2019 earnings at $0.06 EPS and FY2019 earnings at $0.18 EPS.

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CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, March 1st. The company reported $0.02 EPS for the quarter, beating the consensus estimate of $0.01 by $0.01. The firm had revenue of $87.71 million for the quarter, compared to analysts’ expectations of $86.22 million. The business’s quarterly revenue was up 197.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.27 EPS.

Several other brokerages have also commented on CARG. Benchmark initiated coverage on CarGurus in a research report on Thursday, March 22nd. They set a “buy” rating and a $42.00 price objective for the company. BidaskClub raised CarGurus from a “sell” rating to a “hold” rating in a research report on Friday, January 26th. Finally, Zacks Investment Research lowered CarGurus from a “buy” rating to a “hold” rating in a research report on Monday, January 15th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.20.

Shares of CarGurus stock opened at $38.00 on Friday. The firm has a market cap of $3,917.07 and a price-to-earnings ratio of 316.67. CarGurus has a 12 month low of $25.85 and a 12 month high of $40.60.

Several institutional investors and hedge funds have recently bought and sold shares of CARG. Spinnaker Capital LLC purchased a new position in shares of CarGurus in the 4th quarter worth about $410,972,000. Bollard Group LLC purchased a new position in shares of CarGurus in the 4th quarter worth about $318,223,000. The Manufacturers Life Insurance Company purchased a new position in shares of CarGurus in the 4th quarter worth about $100,212,000. Abdiel Capital Advisors LP purchased a new position in shares of CarGurus in the 4th quarter worth about $7,495,000. Finally, Clearbridge Investments LLC purchased a new position in shares of CarGurus in the 4th quarter worth about $6,752,000. 57.41% of the stock is owned by hedge funds and other institutional investors.

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About CarGurus

CarGurus, Inc is an online automotive marketplace connecting buyers and sellers of new and used cars. Using proprietary technology, search algorithms, and data analytics. The Company’s marketplace empowers users with unbiased third-party validation on pricing and dealer reputation as well as other information that aids them in finding Great Deals from Great Dealers.

Earnings History and Estimates for CarGurus (NASDAQ:CARG)

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