CarGurus: With Traffic Strong, Patient Investors Can Buy The Dip [Seeking Alpha]
CarGurus, Inc. - Class A (CARG)
Last cargurus, inc. - class a earnings: 2/13 04:05 pm
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US:NASDAQ Investor Relations:
investors.cargurus.com/investor-relations
Company Research
Source: Seeking Alpha
SummarySqueezed by the fading fortunes of traditional car dealerships, CarGurus' business has decelerated sharply into decline in Q2.The company has lost car dealerships and extended billings relief in order to retain dealers, costing the company revenue.At the same time, CarGurus' web traffic remains elevated, and profitability is expanding.Analysts are expecting CarGurus to return to growth next year (roughly +20% y/y revenue growth), and CarGurus' ~4x forward revenue multiple looks attractive.Though most internet stocks are enjoying one of the biggest heyday years in history so far in 2020, CarGurus (CARGShares of CarGurus have cratered ~30% this year, falling sharply behind ~6% gains for the S&P 500 and far stronger gains for most other internet stocks.YChartsBut whereas most of the market sees a troubled company that will take several quarters to snap back to "business as usual", I see a diamond in the rough that has several bright spots to call out even amid a very challenging m
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CARG
News
- 1 Unstoppable Stock That's Skyrocketed Nearly 1,400% Since the Start of 2023: Don't Buy and Hold Until You Know These 3 Risks [Yahoo! Finance]Yahoo! Finance
- CarGurus To Report First Quarter 2024 Financial ResultsGlobeNewswire
- CarGurus, Inc. (NASDAQ: CARG) had its "market perform" rating re-affirmed by analysts at JMP Securities.MarketBeat
- The five-year shareholder returns and company earnings persist lower as CarGurus (NASDAQ:CARG) stock falls a further 4.2% in past week [Yahoo! Finance]Yahoo! Finance
- CarGurus: Repositioned For Growth [Seeking Alpha]Seeking Alpha
CARG
Earnings
- 2/26/24 - Beat
CARG
Sec Filings
- 4/17/24 - Form 4
- 4/16/24 - Form 144
- 4/12/24 - Form PRE
- CARG's page on the SEC website