CarGurus, Inc. (NASDAQ:CARG) Given Average Recommendation of “Hold” by Analysts

CarGurus, Inc. (NASDAQ:CARG) has earned an average rating of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $40.4091.

A number of equities research analysts have weighed in on the company. Jefferies Financial Group raised their price target on CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, November 22nd. UBS Group raised their price objective on CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 6th. Weiss Ratings restated a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 15th. Finally, JPMorgan Chase & Co. increased their price target on shares of CarGurus from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th.

CarGurus Price Performance

Shares of CARG opened at $38.62 on Friday. The firm’s 50 day simple moving average is $35.68 and its 200 day simple moving average is $34.54. The company has a market capitalization of $3.69 billion, a P/E ratio of 26.27, a P/E/G ratio of 1.79 and a beta of 1.42. CarGurus has a 1-year low of $24.65 and a 1-year high of $41.33.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.57 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The firm had revenue of $238.70 million for the quarter, compared to analyst estimates of $234.57 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The business’s revenue for the quarter was up 3.2% compared to the same quarter last year. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, equities analysts anticipate that CarGurus will post 1.41 earnings per share for the current year.

Insider Buying and Selling at CarGurus

In other news, CEO Jason Trevisan sold 20,000 shares of CarGurus stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $37.00, for a total value of $740,000.00. Following the transaction, the chief executive officer owned 655,483 shares in the company, valued at approximately $24,252,871. The trade was a 2.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Ladd Hanson sold 9,998 shares of the business’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total value of $368,726.24. Following the completion of the sale, the insider directly owned 54,807 shares of the company’s stock, valued at approximately $2,021,282.16. This trade represents a 15.43% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 51,226 shares of company stock worth $1,850,682 in the last 90 days. 16.99% of the stock is owned by company insiders.

Hedge Funds Weigh In On CarGurus

A number of large investors have recently bought and sold shares of the stock. Intech Investment Management LLC raised its holdings in CarGurus by 50.0% in the 1st quarter. Intech Investment Management LLC now owns 67,246 shares of the company’s stock worth $1,959,000 after purchasing an additional 22,425 shares in the last quarter. Nordea Investment Management AB boosted its stake in shares of CarGurus by 6.7% during the 2nd quarter. Nordea Investment Management AB now owns 336,930 shares of the company’s stock valued at $11,247,000 after purchasing an additional 21,167 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in shares of CarGurus during the second quarter valued at about $379,000. Capital Fund Management S.A. raised its stake in CarGurus by 252.6% in the second quarter. Capital Fund Management S.A. now owns 186,106 shares of the company’s stock worth $6,229,000 after buying an additional 133,331 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in CarGurus by 4.0% in the second quarter. Acadian Asset Management LLC now owns 868,686 shares of the company’s stock worth $29,058,000 after buying an additional 33,442 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.