CarGurus (NASDAQ:CARG) Issues Q1 2026 Earnings Guidance

CarGurus (NASDAQ:CARG) updated its first quarter 2026 earnings guidance on Thursday. The company provided EPS guidance of 0.520-0.580 for the period, compared to the consensus EPS estimate of 0.560. The company issued revenue guidance of $240.5 million-$245.5 million, compared to the consensus revenue estimate of $238.8 million. CarGurus also updated its FY 2026 guidance to EPS.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the company. Weiss Ratings restated a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Jefferies Financial Group boosted their target price 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. BTIG Research upped their price target on shares of CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a research note on Tuesday, December 30th. Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday. Finally, Citigroup upped their target price on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.23.

CarGurus Trading Up 3.2%

NASDAQ CARG traded up $0.90 on Thursday, hitting $29.20. 2,820,644 shares of the company’s stock traded hands, compared to its average volume of 1,098,534. The firm’s 50-day moving average price is $34.61 and its two-hundred day moving average price is $34.85. The firm has a market capitalization of $2.79 billion, a PE ratio of 19.86, a P/E/G ratio of 1.04 and a beta of 1.35. CarGurus has a 1-year low of $24.65 and a 1-year high of $39.42.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. On average, research analysts anticipate that CarGurus will post 1.41 earnings per share for the current fiscal year.

Insider Transactions at CarGurus

In other news, insider Jennifer Ladd Hanson sold 2,358 shares of the firm’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 sale, the insider owned 50,466 shares of the company’s stock, valued at $1,922,754.60. This trade represents a 4.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Ismail Elshareef sold 1,645 shares of CarGurus stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total transaction of $52,985.45. Following the transaction, the insider directly owned 91,822 shares of the company’s stock, valued at approximately $2,957,586.62. This trade represents a 1.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 49,003 shares of company stock worth $1,858,494 over the last quarter. 16.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CARG. HighTower Advisors LLC lifted its position in shares of CarGurus by 7.8% in the fourth quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock valued at $272,000 after acquiring an additional 514 shares in the last quarter. Illinois Municipal Retirement Fund raised its stake in CarGurus by 1.6% in the 4th quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock valued at $1,671,000 after purchasing an additional 679 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in CarGurus by 48.0% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,018 shares of the company’s stock valued at $116,000 after purchasing an additional 979 shares in the last quarter. Zacks Investment Management boosted its stake in CarGurus by 3.6% during the 3rd quarter. Zacks Investment Management now owns 35,239 shares of the company’s stock worth $1,312,000 after purchasing an additional 1,220 shares during the last quarter. Finally, Brown Brothers Harriman & Co. purchased a new stake in shares of CarGurus during the third quarter worth $46,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

About CarGurus

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.