CarGurus, Inc. (CARG) – What Are Analysts Thinking About This Stock?

Shares of CarGurus, Inc. (NASDAQ:CARG) have earned an average rating of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $39.95.

Several research firms recently issued reports on CARG. Weiss Ratings downgraded shares of CarGurus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday. Wall Street Zen cut shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Barclays decreased their price objective on shares of CarGurus from $41.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. Oppenheimer raised their target price on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada lifted their target price on CarGurus from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th.

CarGurus Stock Down 3.7%

CARG opened at $31.52 on Friday. The firm’s 50 day moving average is $32.78 and its 200-day moving average is $33.18. CarGurus has a 52-week low of $26.39 and a 52-week high of $41.22. The firm has a market capitalization of $2.81 billion, a P/E ratio of 17.13, a P/E/G ratio of 1.16 and a beta of 1.22.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $250.97 million during the quarter, compared to the consensus estimate of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Equities analysts expect that CarGurus will post 2.17 earnings per share for the current fiscal year.

Insider Activity at CarGurus

In related news, General Counsel Javier Zamora sold 6,205 shares of CarGurus stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $37.08, for a total value of $230,081.40. Following the completion of the sale, the general counsel owned 80,260 shares in the company, valued at approximately $2,976,040.80. The trade was a 7.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Quinn sold 3,824 shares of the company’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $29.62, for a total transaction of $113,266.88. Following the completion of the sale, the chief technology officer directly owned 220,193 shares in the company, valued at $6,522,116.66. This represents a 1.71% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 78,187 shares of company stock worth $2,691,547. 18.19% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its holdings in CarGurus by 59.6% during the 3rd quarter. Signaturefd LLC now owns 1,953 shares of the company’s stock worth $61,000 after buying an additional 729 shares during the last quarter. Gibbs Wealth Management grew its position in shares of CarGurus by 6.8% in the 3rd quarter. Gibbs Wealth Management now owns 27,030 shares of the company’s stock worth $842,000 after acquiring an additional 1,729 shares in the last quarter. Fifth Third Wealth Advisors LLC acquired a new position in shares of CarGurus in the 3rd quarter worth approximately $291,000. Sterling Capital Management LLC increased its holdings in shares of CarGurus by 838.1% in the 3rd quarter. Sterling Capital Management LLC now owns 2,486 shares of the company’s stock valued at $77,000 after acquiring an additional 2,221 shares during the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings in shares of CarGurus by 31.3% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,794 shares of the company’s stock valued at $118,000 after acquiring an additional 904 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.

The company also offers tools intended to support automotive retailers’ online operations, including inventory merchandising, lead generation and digital retailing capabilities.