William Blair Estimates CarGurus’ Q1 Earnings (NASDAQ:CARG)

CarGurus, Inc. (NASDAQ:CARG) – Equities research analysts at William Blair reduced their Q1 2025 EPS estimates for CarGurus in a research note issued to investors on Monday, November 18th. William Blair analyst R. Schackart now forecasts that the company will post earnings of $0.29 per share for the quarter, down from their prior estimate of $0.31. The consensus estimate for CarGurus’ current full-year earnings is $1.18 per share. William Blair also issued estimates for CarGurus’ Q2 2025 earnings at $0.31 EPS.

A number of other brokerages also recently commented on CARG. Needham & Company LLC lifted their target price on shares of CarGurus from $27.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their target price on shares of CarGurus from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. lifted their target price on shares of CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. BTIG Research lifted their target price on shares of CarGurus from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. Finally, Royal Bank of Canada lifted their target price on shares of CarGurus from $30.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.41.

CarGurus Price Performance

Shares of CARG stock opened at $35.16 on Thursday. The firm’s 50-day moving average is $31.43 and its two-hundred day moving average is $27.60. CarGurus has a 12 month low of $20.63 and a 12 month high of $37.94. The company has a market capitalization of $3.65 billion, a PE ratio of -76.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.55.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Point72 Hong Kong Ltd purchased a new stake in CarGurus in the 3rd quarter valued at $28,000. Signaturefd LLC raised its position in CarGurus by 81.3% in the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $29,000 after purchasing an additional 430 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in CarGurus in the 3rd quarter valued at $30,000. CWM LLC raised its position in CarGurus by 54.1% in the 2nd quarter. CWM LLC now owns 1,381 shares of the company’s stock valued at $36,000 after purchasing an additional 485 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its position in CarGurus by 43.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company’s stock valued at $41,000 after purchasing an additional 479 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Jason Trevisan sold 10,000 shares of the company’s stock in a transaction on Monday, November 18th. The shares were sold at an average price of $35.41, for a total value of $354,100.00. Following the completion of the transaction, the chief executive officer now owns 779,606 shares in the company, valued at approximately $27,605,848.46. This represents a 1.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CMO Dafna Sarnoff sold 3,107 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.42, for a total transaction of $88,300.94. Following the completion of the transaction, the chief marketing officer now owns 128,952 shares of the company’s stock, valued at approximately $3,664,815.84. The trade was a 2.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 71,065 shares of company stock worth $2,356,336 in the last 90 days. Corporate insiders own 17.20% of the company’s stock.

About CarGurus

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.