CarGurus, Inc. (NASDAQ:CARG) Receives $40.05 Average PT from Analysts

CarGurus, Inc. (NASDAQ:CARG) has received a consensus rating of “Hold” from the fourteen brokerages that are covering the stock, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $40.0455.

CARG has been the topic of several research analyst reports. Oppenheimer dropped their price objective on CarGurus from $42.00 to $40.00 and set an “outperform” rating on the stock in a research note on Tuesday, August 12th. Needham & Company LLC increased their target price on CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Wall Street Zen cut CarGurus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a report on Tuesday, October 14th. Finally, Citigroup lifted their price target on CarGurus from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 28th.

Insider Activity at CarGurus

In other CarGurus news, COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction on Thursday, October 16th. The stock was sold at an average price of $34.92, for a total transaction of $349,200.00. Following the transaction, the chief operating officer owned 420,259 shares in the company, valued at $14,675,444.28. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Jennifer Ladd Hanson sold 9,998 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $36.88, for a total value of $368,726.24. Following the transaction, the insider owned 54,807 shares in the company, valued at approximately $2,021,282.16. This trade represents a 15.43% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 29,998 shares of company stock valued at $1,078,726. 17.20% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CarGurus

A number of hedge funds have recently added to or reduced their stakes in the stock. AlphaQuest LLC increased its stake in CarGurus by 4.3% during the 3rd quarter. AlphaQuest LLC now owns 22,130 shares of the company’s stock worth $824,000 after acquiring an additional 918 shares during the period. Summit Global Investments increased its stake in CarGurus by 10.9% during the 3rd quarter. Summit Global Investments now owns 36,919 shares of the company’s stock worth $1,374,000 after acquiring an additional 3,614 shares during the period. Federated Hermes Inc. increased its stake in CarGurus by 11.5% during the 3rd quarter. Federated Hermes Inc. now owns 465,978 shares of the company’s stock worth $17,348,000 after acquiring an additional 48,177 shares during the period. Vanguard Personalized Indexing Management LLC increased its stake in shares of CarGurus by 5.1% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 17,363 shares of the company’s stock valued at $646,000 after purchasing an additional 841 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of CarGurus in the 3rd quarter valued at $1,833,000. Institutional investors own 86.90% of the company’s stock.

CarGurus Stock Down 0.1%

NASDAQ:CARG opened at $35.09 on Friday. The stock’s 50 day moving average price is $35.86 and its two-hundred day moving average price is $33.19. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 28.53, a P/E/G ratio of 1.66 and a beta of 1.50. CarGurus has a 12-month low of $24.65 and a 12-month high of $41.33.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The firm had revenue of $234.03 million for the quarter, compared to analyst estimates of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. Equities research analysts expect that CarGurus will post 1.41 EPS for the current year.

CarGurus Company Profile

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.