CarGurus, Inc. (NASDAQ:CARG) Given Consensus Recommendation of “Moderate Buy” by Analysts

CarGurus, Inc. (NASDAQ:CARG) has earned an average recommendation of “Moderate Buy” from the sixteen analysts that are currently covering the stock, MarketBeat reports. Eight analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $37.7917.

A number of brokerages recently weighed in on CARG. UBS Group set a $35.00 price objective on shares of CarGurus in a research report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Freedom Capital raised shares of CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. Oppenheimer lowered their price objective on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. Finally, Barclays began coverage on shares of CarGurus in a research report on Thursday, May 28th. They set an “overweight” rating and a $35.00 price objective for the company.

Insider Buying and Selling at CarGurus

In related news, CTO Matthew Todd Quinn sold 4,341 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $143,426.64. Following the completion of the sale, the chief technology officer owned 246,098 shares of the company’s stock, valued at $8,131,077.92. This represents a 1.73% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total transaction of $88,989.39. Following the completion of the transaction, the insider owned 98,191 shares of the company’s stock, valued at approximately $3,496,581.51. This trade represents a 2.48% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 20,924 shares of company stock worth $669,419 in the last quarter. 16.99% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CARG. JPMorgan Chase & Co. lifted its stake in CarGurus by 17.8% during the third quarter. JPMorgan Chase & Co. now owns 545,636 shares of the company’s stock valued at $20,314,000 after purchasing an additional 82,511 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in CarGurus by 230.6% during the third quarter. Jupiter Asset Management Ltd. now owns 580,117 shares of the company’s stock valued at $21,598,000 after purchasing an additional 404,617 shares during the last quarter. Aurora Investment Counsel acquired a new stake in CarGurus during the third quarter valued at approximately $2,174,000. Envestnet Asset Management Inc. lifted its stake in CarGurus by 100.3% during the third quarter. Envestnet Asset Management Inc. now owns 102,818 shares of the company’s stock valued at $3,828,000 after purchasing an additional 51,487 shares during the last quarter. Finally, Congress Asset Management Co. lifted its stake in CarGurus by 2.9% during the fourth quarter. Congress Asset Management Co. now owns 1,958,144 shares of the company’s stock valued at $75,095,000 after purchasing an additional 54,937 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

CarGurus Price Performance

Shares of NASDAQ:CARG opened at $30.02 on Friday. CarGurus has a fifty-two week low of $26.39 and a fifty-two week high of $39.42. The firm has a 50-day simple moving average of $31.97 and a 200 day simple moving average of $33.33. The company has a market cap of $2.71 billion, a PE ratio of 19.75, a P/E/G ratio of 1.10 and a beta of 1.20.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The business had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. During the same quarter in the prior year, the firm earned $0.46 EPS. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, research analysts forecast that CarGurus will post 2.11 EPS for the current fiscal year.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.

The company’s core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.