CarGurus (CARG) Projected to Post Quarterly Earnings on Thursday

Key Points

• CarGurus is set to announce its Q2 2025 earnings on August 7th, with analysts expecting earnings of $0.54 per share and revenue of $232.29 million.
• The company reported $0.46 earnings per share for the previous quarter, exceeding expectations, while its revenue increased by 4.3% year-over-year.
• CarGurus shares opened at $32.99, with a market cap of $3.44 billion and an analyst consensus rating of "Hold".

CarGurus (NASDAQ:CARG - Get Free Report) is expected to announce its Q2 2025 earnings results after the market closes on Thursday, August 7th. Analysts expect the company to announce earnings of $0.54 per share and revenue of $232.29 million for the quarter. CarGurus has set its Q2 2025 guidance at 0.520-0.580 EPS.

CarGurus (NASDAQ:CARG - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.46 EPS for the quarter, beating analysts' consensus estimates of $0.42 by $0.04. The company had revenue of $225.16 million during the quarter, compared to analysts' expectations of $226.72 million. CarGurus had a return on equity of 32.54% and a net margin of 4.28%. The firm's revenue for the quarter was up 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.32 EPS. On average, analysts expect CarGurus to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CarGurus Stock Performance

Shares of CARG traded down $0.96 on Friday, reaching $31.86. The stock had a trading volume of 753,343 shares, compared to its average volume of 701,371. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 91.03, a price-to-earnings-growth ratio of 1.61 and a beta of 1.42. The company has a 50-day simple moving average of $32.77 and a 200-day simple moving average of $32.45. CarGurus has a 12-month low of $21.65 and a 12-month high of $41.33.

Insiders Place Their Bets

In other CarGurus news, CTO Matthew Todd Quinn sold 3,789 shares of CarGurus stock in a transaction on Wednesday, July 2nd. The stock was sold at an average price of $33.09, for a total value of $125,378.01. Following the completion of the sale, the chief technology officer owned 216,877 shares of the company's stock, valued at approximately $7,176,459.93. This trade represents a 1.72% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Ismail Elshareef sold 1,325 shares of CarGurus stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $35.00, for a total value of $46,375.00. Following the completion of the sale, the insider directly owned 104,322 shares of the company's stock, valued at $3,651,270. The trade was a 1.25% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 49,049 shares of company stock worth $1,616,397. 16.99% of the stock is owned by corporate insiders.

Institutional Trading of CarGurus

Several large investors have recently modified their holdings of CARG. Jane Street Group LLC grew its holdings in shares of CarGurus by 113.0% in the first quarter. Jane Street Group LLC now owns 123,305 shares of the company's stock worth $3,592,000 after acquiring an additional 65,420 shares during the period. Royal Bank of Canada grew its holdings in shares of CarGurus by 22.6% in the first quarter. Royal Bank of Canada now owns 75,072 shares of the company's stock worth $2,186,000 after acquiring an additional 13,834 shares during the period. AQR Capital Management LLC grew its holdings in CarGurus by 25.4% during the first quarter. AQR Capital Management LLC now owns 25,946 shares of the company's stock valued at $756,000 after purchasing an additional 5,259 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CarGurus by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company's stock valued at $1,889,000 after purchasing an additional 1,890 shares during the period. Institutional investors own 86.90% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CARG. UBS Group lifted their price objective on CarGurus from $29.00 to $33.00 and gave the company a "neutral" rating in a research note on Friday, May 9th. Needham & Company LLC lowered their price objective on CarGurus from $45.00 to $39.00 and set a "buy" rating for the company in a research note on Friday, May 9th. Citizens Jmp cut CarGurus from an "outperform" rating to a "market perform" rating in a research note on Wednesday, July 2nd. Citigroup lowered their price objective on CarGurus from $40.00 to $37.00 and set a "neutral" rating for the company in a research note on Thursday, July 3rd. Finally, JMP Securities reiterated a "market perform" rating and set a $38.00 price objective on shares of CarGurus in a research note on Wednesday, July 2nd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $37.63.

About CarGurus

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.