CarGurus(CARG)
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Best Growth Stocks to Buy for September 16th
ZACKS· 2024-09-16 21:57
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today September 16th: CarGurus (CARG) : This online automotive marketplace which connects buyers and sellers of new and used cars, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.7% over the last 60 days. CarGurus has a PEG ratio of 1.03 compared with 1.08 for the industry. The company possesses a Growth Score of A. Norwegian Cruise ...
Best Growth Stocks to Buy for August 30th
ZACKS· 2024-08-30 21:20
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today August 30th: CarGurus (CARG) : This online automotive marketplace which connects buyers and sellers of new and used cars, carries a Zacks Rank #1 (Strong Buy), and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 11.7% over the last 60 days. CarGurus has a PEG ratio of 1.02 compared with 1.08 for the industry. The company possesses a Growth Score of A. Norwegian Cruise Li ...
CarGurus to Present at Citi's 2024 Global TMT Conference
GlobeNewswire News Room· 2024-08-30 04:05
CAMBRIDGE, Mass., Aug. 29, 2024 (GLOBE NEWSWIRE) -- CarGurus, Inc. (Nasdaq: CARG), the No. 1 visited digital auto platform for shopping, buying, and selling new and used vehicles1, today announced that Elisa Palazzo, Chief Financial Officer, is scheduled to participate in a fireside chat at Citi's 2024 Global TMT Conference on Thursday, September 5, 2024 at 3:00 PM ET. A webcast of the fireside chat will be accessible from the Investor Relations page of the company's website at https://investors.cargurus.co ...
Is CarGurus (CARG) Outperforming Other Auto-Tires-Trucks Stocks This Year?
ZACKS· 2024-08-23 22:41
The Auto-Tires-Trucks group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. CarGurus (CARG) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Auto-Tires-Trucks peers, we might be able to answer that question. CarGurus is a member of our Auto-Tires-Trucks group, which includes ...
Bull of the Day: CarGurus (CARG)
ZACKS· 2024-08-23 20:00
Everyone has their eyes set on Friday's speech from Fed Chair Powell. The Jackson Hole presentation has the power to rock this market. If we get confirmation of rate hikes in September, then the market will likely rejoice. If we get the opposite, then it's look out below. These sort of macro headlines and risks are never going away. There's always a risk du-jour that markets have to contend with. Keep your eyes on the prize and focus on the long-term, that is the way to win. Focus your efforts on stocks wit ...
Why CarGurus (CARG) Might be Well Poised for a Surge
ZACKS· 2024-08-23 01:20
CarGurus (CARG) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company. The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this online auto shopping platform, should get reflected in its stock price. After all, empirical research shows a strong correlati ...
What Makes CarGurus (CARG) a Strong Momentum Stock: Buy Now?
ZACKS· 2024-08-23 01:00
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Even though momentum is a popular stock cha ...
What Makes CarGurus (CARG) a New Strong Buy Stock
ZACKS· 2024-08-23 01:00
Investors might want to bet on CarGurus (CARG) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices. A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. The power ...
New Strong Buy Stocks for August 22nd
ZACKS· 2024-08-22 20:36
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today: Qifu Technology, Inc. (QFIN) : This credit-tech platform provider has seen the Zacks Consensus Estimate for its current year earnings increasing 17.9% over the last 60 days. Sumitomo Mitsui Financial Group, Inc. (SMFG) : This financial services company has seen the Zacks Consensus Estimate for its current year earnings increasing 19% over the last 60 days. Robinhood Markets, Inc. (HOOD) : This financial services platform provider has s ...
CarGurus(CARG) - 2024 Q2 - Earnings Call Transcript
2024-08-09 11:30
财务数据和关键指标变化 - 第二季度合并收入为2.19亿美元,同比下降9%,主要受批发和产品业务量下降影响,但市场业务收入同比增长14% [44][45] - 市场业务收入为1.95亿美元,超出指引上限,持续加速增长,主要得益于订阅型列表收入的强劲增长,反映了附加产品的采用率提高、经销商升级高级套餐以及新增经销商带来的影响 [45] - 国际业务收入同比增长21%,得益于经销商基数的扩大以及新老经销商以当前市场价订阅 [46] - 批发业务收入为1300万美元,同比下降59%,交易量下降,公司正专注于重建商业渠道并谨慎投资产品 [48] - 产品收入为1000万美元,同比下降72%,主要由于即时最高现金优惠收入下降,更多消费者和经销商转向Top Dealer Offers [49] 各条业务线数据和关键指标变化 - 市场业务毛利同比增长17%,毛利率扩大约230个基点至93%,主要受到有利的产品组合影响 [50] - 批发业务毛利率同比下降约17个百分点,交易量下降未能覆盖固定成本 [51] - 市场业务调整后EBITDA同比增长49%,利润率扩大735个基点,收入增长带动了良好的规模效应 [53] - 批发业务调整后EBITDA亏损约570万美元,环比有所收窄,但仍受到交易量下降的影响 [53] 各个市场数据和关键指标变化 - 美国市场,公司吸引了更多预算较高的大型经销商,他们对数据洞察和分析需求更大 [12] - 国际业务收入同比增长21%,毛利率与国内业务持平,主要得益于英国和加拿大市场的持续增长,流量份额和经销商基数均有扩大 [13] 公司战略和发展方向及行业竞争 - 公司持续专注于为经销商提供更大价值、不断改善消费者体验、推进交易能力建设以及重建和整合批发业务 [14] - 公司正在通过扩展预测分析产品套件、利用领先的消费者受众为经销商提供更多线索和非线索价值 [15] - 公司正在投资新工具和服务,为经销商提供更多支持其日常决策和汽车生命周期需求的增强型数据洞察 [16] - 公司正在加强与经销商的合作关系,将服务更深入地嵌入到他们的日常决策过程中,并通过持续改进端到端的交易支持平台,加深与消费者的联系 [8][9] - 公司正在重建和整合批发业务,包括优化商业策略、提升数据分析能力,以及改善交易体验和提高运营效率 [30][31][32][33][34][35][36][37][39] 管理层对经营环境和未来前景的评论 - 公司对第二季度的业绩表现感到非常满意,市场业务持续加速,毛利率环比和同比均有所扩大 [10] - 管理层认为,公司正在通过不断创新和为客户提供更大价值,巩固自身作为长期合作伙伴的地位,并持续扩大在数字汽车广告市场的份额 [20][41] - 管理层对公司未来前景保持乐观,认为公司正在稳步推进战略目标,将继续推动收益增长和市场份额的扩大 [40][41] 其他重要信息 - 公司第二季度访问量较最接近的竞争对手高56%,47%的月度独立访客未访问过竞争对手网站,体现了公司在消费者群体中的领导地位 [23] - 公司数字零售产品套件的渗透率持续提高,使消费者能够在线完成更多购车过程,Top Dealer Offers产品的采用率同比增长37% [24][25] - 数字成交业务的采用率环比增长22%,同比增长157%,已被30%的美国付费经销商采用 [26][27] 问答环节重要的提问和回答 问题1 **Rajat Gupta 提问** 询问公司业务的网络效应以及毛利率持续扩大的原因 [89] **Jason Trevisan 回答** 公司持续创新并为经销商提供更多有价值的工具和洞察,帮助他们在公司平台上获得更好的业绩,这带动了经销商的长期粘性和支出增加 [90][91][92][93] 问题2 **Tom White 提问** 询问公司对CarOffer业务的重建进展以及恢复交易量的时间表 [114] **Jason Trevisan 回答** 公司已经完成了销售团队的重组,并持续改进产品功能,提升交易体验,但恢复交易量的时间表仍存在不确定性 [115][116][117] 问题3 **Joseph Spak 提问** 询问公司对CarOffer业务的长期战略定位以及未来的盈利目标 [119][120][121][122][123][124][125][126] **Elisa Palazzo 回答** 公司仍然相信数字批发业务的战略价值,未来将致力于将其恢复到盈利增长状态,但不会对之前的盈利目标做出承诺 [126][127]