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

Shares of CarGurus, Inc. (NASDAQ:CARG) have been assigned an average recommendation of “Hold” from the thirteen research firms that are currently covering the stock, MarketBeat.com reports. Eight investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $38.1364.

Several analysts have recently weighed in on CARG shares. Needham & Company LLC lowered their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Thursday, February 5th. BTIG Research cut their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 20th. Royal Bank Of Canada reduced their target price on CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. 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. Finally, Oppenheimer dropped their price target on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th.

Insider Buying and Selling

In related news, insider Jennifer Ladd Hanson sold 2,358 shares of the business’s stock in a transaction that occurred on Wednesday, December 31st. The stock was sold at an average price of $38.10, for a total value of $89,839.80. Following the completion of the sale, the insider owned 50,466 shares in the company, valued at $1,922,754.60. The trade was a 4.46% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen Kaufer purchased 30,766 shares of CarGurus stock in a transaction 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 completion of 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 ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 17.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CARG. Wellington Management Group LLP lifted its stake in shares of CarGurus by 6.6% in the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after acquiring an additional 594,670 shares during the last quarter. Geode Capital Management LLC grew its position in CarGurus by 1.2% during the 4th quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company’s stock worth $80,602,000 after acquiring an additional 24,910 shares during the last quarter. Prevatt Capital Ltd grew its position in CarGurus by 28.1% during the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company’s stock worth $76,322,000 after acquiring an additional 450,000 shares during the last quarter. Congress Asset Management Co. increased its stake in CarGurus by 2.9% in the 4th quarter. Congress Asset Management Co. now owns 1,958,144 shares of the company’s stock worth $75,095,000 after purchasing an additional 54,937 shares during the period. Finally, The Manufacturers Life Insurance Company increased its stake in CarGurus by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company’s stock worth $64,093,000 after purchasing an additional 6,676 shares during the period. 86.90% of the stock is owned by institutional investors.

CarGurus Trading Up 0.8%

Shares of NASDAQ CARG opened at $35.28 on Tuesday. CarGurus has a 12 month low of $24.65 and a 12 month high of $39.42. The firm has a market capitalization of $3.36 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.31 and a beta of 1.37. The business has a 50-day moving average of $31.63 and a 200-day moving average of $34.69.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $239.07 million. During the same period last year, the firm posted $0.55 earnings per share. CarGurus’s quarterly revenue was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. On average, analysts predict 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.