CarGurus (CARG) to Release Quarterly Earnings on Thursday

CarGurus (NASDAQ:CARG) is anticipated to issue its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect the company to announce earnings of $0.6130 per share and revenue of $249.8530 million for the quarter. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Investors may visit the the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The business had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The company’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period last year, the company earned $0.46 EPS. On average, analysts expect CarGurus to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CarGurus Stock Up 1.9%

NASDAQ CARG opened at $36.93 on Tuesday. CarGurus has a 52 week low of $26.39 and a 52 week high of $39.42. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 24.30, a PEG ratio of 1.32 and a beta of 1.17. The company has a fifty day moving average of $32.21 and a two-hundred day moving average of $32.56.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CARG. Barclays increased their price objective on shares of CarGurus from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Needham & Company LLC increased their price target on CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, May 8th. JPMorgan Chase & Co. raised their price target on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Finally, Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, CarGurus presently has an average rating of “Moderate Buy” and an average price target of $38.55.

Insider Transactions at CarGurus

In other news, insider Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total transaction of $86,365.44. Following the completion of the sale, the insider owned 92,894 shares of the company’s stock, valued at approximately $3,210,416.64. The trade was a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Javier Zamora sold 8,072 shares of CarGurus stock in a transaction on Monday, June 1st. The shares were sold at an average price of $29.53, for a total value of $238,366.16. Following the sale, the general counsel directly owned 103,061 shares of the company’s stock, valued at approximately $3,043,391.33. This trade represents a 7.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 25,559 shares of company stock valued at $841,568. 18.19% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CARG. Royal Bank of Canada boosted its stake in shares of CarGurus by 22.6% during the first quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after purchasing an additional 13,834 shares in the last quarter. AQR Capital Management LLC raised its stake in CarGurus by 25.4% in the first quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock worth $756,000 after buying an additional 5,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in CarGurus by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock worth $1,889,000 after buying an additional 1,890 shares during the period. Jane Street Group LLC lifted its holdings in CarGurus by 113.0% during the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after buying an additional 65,420 shares during the period. Finally, Quantbot Technologies LP bought a new stake in CarGurus during the 2nd quarter valued at $87,000. 86.90% of the stock is currently owned by institutional investors.

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.