CarGurus, Inc. (NASDAQ:CARG) Receives $38.14 Average PT from Analysts

CarGurus, Inc. (NASDAQ:CARG) has been given a consensus recommendation of “Hold” by the thirteen brokerages that are presently covering the company, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $38.1364.

A number of analysts have weighed in on CARG shares. Oppenheimer dropped their target price on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. UBS Group set a $38.00 price target on shares of CarGurus in a report on Tuesday, February 24th. Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. DA Davidson dropped their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Finally, Needham & Company LLC cut their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, February 5th.

Insider Transactions at CarGurus

In related news, Director Stephen Kaufer purchased 30,766 shares of the business’s stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $32.50 per share, with a total value of $999,895.00. Following the acquisition, the director owned 323,939 shares in the company, valued at approximately $10,528,017.50. This trade represents a 10.49% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Ismail Elshareef sold 1,645 shares of the business’s stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total value of $52,985.45. Following the transaction, the insider owned 91,822 shares of the company’s stock, valued at $2,957,586.62. This represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 16.99% of the company’s stock.

Hedge Funds Weigh In On CarGurus

Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. grew its position in CarGurus by 17.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,636 shares of the company’s stock worth $20,314,000 after purchasing an additional 82,511 shares during the last quarter. Jupiter Asset Management Ltd. increased its stake in shares of CarGurus by 230.6% in 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 period. Aurora Investment Counsel bought a new stake in shares of CarGurus during the third quarter valued at approximately $2,174,000. Congress Asset Management Co. bought a new stake in shares of CarGurus during the third quarter valued at approximately $70,856,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of CarGurus by 100.3% during the third quarter. Envestnet Asset Management Inc. now owns 102,818 shares of the company’s stock worth $3,828,000 after buying an additional 51,487 shares during the period. Institutional investors own 86.90% of the company’s stock.

CarGurus Stock Down 0.7%

NASDAQ:CARG opened at $33.33 on Tuesday. The company has a market cap of $3.17 billion, a PE ratio of 21.50, a P/E/G ratio of 1.25 and a beta of 1.32. The business’s 50 day moving average is $31.62 and its two-hundred day moving average is $34.66. CarGurus has a 52 week low of $24.65 and a 52 week high of $39.42.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The business had revenue of $209.09 million during the quarter, compared to the consensus estimate of $239.07 million. During the same period in the previous year, the business earned $0.55 EPS. The business’s quarterly revenue was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, 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.