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CarGurus, Inc. (CARG) operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States and internationally. 
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.
Its marketplace connects dealers to a large audience of informed and engaged consumers.
The company operates online marketplaces under the CarGurus brand in Canada and the United Kingdom; and the Autolist and PistonHeads online marketplaces as independent brands in the United States and the United Kingdom.
On August 5th, Cargurus reported 2nd Quarter June 2021 earnings of $0.40 per share on revenue of $217.7 million. The consensus earnings estimate was $0.25 per share on revenue of $190.8 million. Revenue grew 129.8% on a year-over-year basis.
The company said it expects third quarter non-GAAP earnings of $0.30 to $0.32 per share on revenue of $210.0 million to $216.0 million. The current consensus earnings estimate is $0.25 per share on revenue of $199.52 million for the quarter ending September 30, 2021. The Company's next report is on November 9th. Shares have formed a bullish "flag" and higher share prices are expected for this stock.
Entry Point: $34.75
Trading Range: $19.24 - $36.54
Stop Loss: $33.00
Target Price: $38.23
Closed at $39
