Wall Street analysts forecast that CarGurus Inc (NASDAQ:CARG) will report earnings per share of $0.07 for the current quarter, according to Zacks. Five analysts have made estimates for CarGurus’ earnings. The highest EPS estimate is $0.09 and the lowest is $0.06. CarGurus reported earnings per share of $0.06 in the same quarter last year, which suggests a positive year over year growth rate of 16.7%. The company is expected to announce its next earnings report on Thursday, May 2nd.

According to Zacks, analysts expect that CarGurus will report full-year earnings of $0.40 per share for the current year, with EPS estimates ranging from $0.37 to $0.45. For the next fiscal year, analysts expect that the firm will post earnings of $0.61 per share, with EPS estimates ranging from $0.55 to $0.69. Zacks’ EPS averages are an average based on a survey of analysts that cover CarGurus.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, February 28th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.04 by $0.07. CarGurus had a return on equity of 15.03% and a net margin of 13.10%. The business had revenue of $126.09 million during the quarter, compared to the consensus estimate of $122.13 million.

CARG has been the subject of several analyst reports. Zacks Investment Research raised CarGurus from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a report on Wednesday, March 20th. BTIG Research reduced their target price on CarGurus to $48.00 and set a “buy” rating for the company in a report on Wednesday. CIBC initiated coverage on CarGurus in a report on Wednesday, January 9th. They set an “outperform” rating and a $42.00 target price for the company. Oppenheimer initiated coverage on CarGurus in a report on Tuesday, January 8th. They set a “buy” rating and a $42.00 target price for the company. Finally, Goldman Sachs Group raised CarGurus from a “neutral” rating to a “buy” rating and upped their target price for the company from $43.00 to $48.00 in a report on Monday, March 18th. Two research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $49.27.

In related news, CEO Langley Steinert sold 117,406 shares of the company’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $42.52, for a total transaction of $4,992,103.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Anastasios Parafestas sold 40,100 shares of the company’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $36.18, for a total value of $1,450,818.00. The disclosure for this sale can be found here. Insiders have sold 2,995,050 shares of company stock worth $119,856,018 over the last three months. 34.51% of the stock is owned by insiders.

A number of large investors have recently bought and sold shares of CARG. Raymond James Trust N.A. acquired a new position in CarGurus in the 1st quarter worth about $203,000. CMH Wealth Management LLC acquired a new position in CarGurus in the 1st quarter worth about $401,000. Calamos Advisors LLC acquired a new position in CarGurus in the 1st quarter worth about $210,000. Deutsche Bank AG increased its position in CarGurus by 109.3% in the 4th quarter. Deutsche Bank AG now owns 661,143 shares of the company’s stock worth $22,299,000 after purchasing an additional 345,250 shares during the last quarter. Finally, Geode Capital Management LLC increased its position in CarGurus by 13.6% in the 4th quarter. Geode Capital Management LLC now owns 824,067 shares of the company’s stock worth $27,795,000 after purchasing an additional 98,854 shares during the last quarter. 72.05% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ CARG opened at $36.30 on Friday. CarGurus has a 12 month low of $29.18 and a 12 month high of $57.25. The firm has a market cap of $4.02 billion, a PE ratio of 63.68, a P/E/G ratio of 37.27 and a beta of 1.93.

About CarGurus

CarGurus, Inc operates an online automotive marketplace connecting buyers and sellers of new and used cars in the United States, Canada, the United Kingdom, Germany, Italy, and Spain. 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.

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Earnings History and Estimates for CarGurus (NASDAQ:CARG)

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