CarGurus (NASDAQ:CARG) will issue its quarterly earnings data after the market closes on Tuesday, August 6th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, May 9th. The company reported $0.12 EPS for the quarter, beating the consensus estimate of $0.03 by $0.09. The business had revenue of $135.30 million for the quarter, compared to the consensus estimate of $129.54 million. CarGurus had a return on equity of 18.43% and a net margin of 13.94%. The company’s revenue was up 37.2% on a year-over-year basis. During the same period last year, the business posted $0.06 EPS. On average, analysts expect CarGurus to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NASDAQ:CARG traded down $0.01 during mid-day trading on Tuesday, hitting $36.87. 13,436 shares of the company traded hands, compared to its average volume of 557,479. The firm has a market capitalization of $4.07 billion, a price-to-earnings ratio of 64.77, a P/E/G ratio of 4.04 and a beta of 1.83. The company has a debt-to-equity ratio of 0.25, a quick ratio of 2.74 and a current ratio of 2.74. CarGurus has a 52-week low of $30.29 and a 52-week high of $57.25. The stock’s 50 day moving average price is $36.57.

CARG has been the topic of several analyst reports. Cowen initiated coverage on TrueCar in a report on Monday, May 20th. They set a “hold” rating and a $7.00 target price on the stock. TheStreet upgraded Third Point Reinsurance from a “d+” rating to a “c-” rating in a report on Tuesday, May 14th. Zacks Investment Research upgraded DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. BTIG Research set a $14.00 target price on ARBOR RLTY TR I/SH and gave the company a “buy” rating in a report on Wednesday, April 17th. Finally, SunTrust Banks dropped their target price on EOG Resources to $120.00 and set a “buy” rating on the stock in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and eleven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $48.92.

In other news, insider Sarah Amory Welch sold 2,500 shares of CarGurus stock in a transaction that occurred on Tuesday, June 11th. The stock was sold at an average price of $36.00, for a total value of $90,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Kathleen Bender Patton sold 2,413 shares of CarGurus stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $35.80, for a total value of $86,385.40. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 3,048,906 shares of company stock valued at $112,962,268. 34.51% of the stock is owned by insiders.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. The company provides consumers an online automotive marketplace where they can search for new and used car listings from its dealers, as well as sell their car in the United States marketplace.

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Earnings History for CarGurus (NASDAQ:CARG)

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