CarGurus, Inc. (NASDAQ:CARG) Receives $40.86 Average Price Target from Analysts

CarGurus, Inc. (NASDAQ:CARG) has been assigned a consensus recommendation of “Hold” from the thirteen ratings firms that are covering the company, MarketBeat reports. Eight research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $40.8636.

Several analysts have recently issued reports on the stock. Jefferies Financial Group increased their price target on shares of CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. DA Davidson set a $37.50 target price on shares of CarGurus in a report on Monday, November 17th. Zacks Research downgraded shares of CarGurus from a “strong-buy” rating to a “hold” rating in a research note on Thursday, October 16th. UBS Group upped their price objective on CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, BTIG Research lifted their target price on CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, December 30th.

Insider Buying and Selling

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,358 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total transaction of $89,839.80. Following the completion of the transaction, the insider owned 50,466 shares in the company, valued at $1,922,754.60. The trade was a 4.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ismail Elshareef sold 1,228 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total transaction of $42,955.44. Following the completion of the sale, the insider owned 95,907 shares in the company, valued at $3,354,826.86. The trade was a 1.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 58,586 shares of company stock worth $2,198,264. 16.99% of the stock is owned by corporate insiders.

Institutional Trading of CarGurus

A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. Nisa Investment Advisors LLC boosted its position in shares of CarGurus by 20.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 1,864 shares of the company’s stock worth $69,000 after acquiring an additional 321 shares in the last quarter. QRG Capital Management Inc. lifted its stake in CarGurus by 4.3% during the second quarter. QRG Capital Management Inc. now owns 8,116 shares of the company’s stock worth $272,000 after purchasing an additional 332 shares during the last quarter. GAMMA Investing LLC boosted its holdings in CarGurus by 8.7% in the third quarter. GAMMA Investing LLC now owns 4,535 shares of the company’s stock valued at $169,000 after purchasing an additional 363 shares in the last quarter. Farther Finance Advisors LLC increased its stake in CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares during the last quarter. Finally, Parkside Financial Bank & Trust increased its stake in CarGurus by 30.7% in the second quarter. Parkside Financial Bank & Trust now owns 2,023 shares of the company’s stock valued at $68,000 after purchasing an additional 475 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Stock Down 1.6%

NASDAQ:CARG opened at $34.17 on Thursday. CarGurus has a 52 week low of $24.65 and a 52 week high of $41.33. The stock’s fifty day moving average is $36.82 and its two-hundred day moving average is $35.31. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 23.24, a price-to-earnings-growth ratio of 1.39 and a beta of 1.36.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.The business had revenue of $238.70 million during the quarter, compared to analysts’ expectations of $234.57 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The company’s revenue was up 3.2% on a year-over-year basis. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, sell-side analysts expect that CarGurus will post 1.41 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.