CarGurus, Inc. (NASDAQ:CARG) Receives Average Rating of “Hold” from Analysts

Shares of CarGurus, Inc. (NASDAQ:CARG) have earned an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the company, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $38.1364.

Several analysts recently weighed in on the company. DA Davidson dropped their price objective on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a research report on Friday, February 20th. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Needham & Company LLC reduced their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Royal Bank Of Canada lowered their price objective on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, BTIG Research dropped their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 20th.

Insider Transactions at CarGurus

In other news, Director Stephen Kaufer acquired 30,766 shares of CarGurus stock in a transaction that occurred on Tuesday, March 3rd. The shares were acquired at an average price of $32.50 per share, for a total transaction of $999,895.00. Following the transaction, the director directly owned 323,939 shares of the company’s stock, valued at approximately $10,528,017.50. The trade was a 10.49% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason Trevisan sold 20,000 shares of the company’s 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 completion of the transaction, the chief executive officer directly owned 655,483 shares of the company’s stock, valued at approximately $24,252,871. The trade was a 2.96% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 49,003 shares of company stock valued at $1,858,494 over the last quarter. 16.99% of the stock is currently owned by insiders.

Institutional Investors Weigh In On CarGurus

Hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in CarGurus by 22.6% in the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after acquiring an additional 13,834 shares during the period. AQR Capital Management LLC grew its stake in shares of 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 purchasing an additional 5,259 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of CarGurus by 3.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock worth $1,889,000 after purchasing an additional 1,890 shares during the last quarter. Jane Street Group LLC increased its holdings in CarGurus by 113.0% in the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock valued at $3,592,000 after purchasing an additional 65,420 shares during the period. Finally, Envestnet Asset Management Inc. raised its position in CarGurus by 5.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 51,331 shares of the company’s stock worth $1,718,000 after purchasing an additional 2,702 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Trading Up 2.0%

Shares of CarGurus stock opened at $34.20 on Friday. The company has a market cap of $3.26 billion, a PE ratio of 22.06, a price-to-earnings-growth ratio of 1.25 and a beta of 1.37. The company has a 50 day moving average of $32.93 and a 200-day moving average of $34.80. CarGurus has a 1-year low of $24.65 and a 1-year high of $39.42.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, February 19th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The business had revenue of $209.09 million during the quarter, compared to the consensus estimate of $239.07 million. During the same period in the previous year, the business earned $0.55 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Research analysts forecast that CarGurus will post 1.41 earnings per share for the current year.

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.