CarGurus (CARG) Projected to Post Earnings on Thursday

CarGurus (NASDAQ:CARG - Get Free Report) is expected to be releasing its Q1 2025 earnings data after the market closes on Thursday, May 8th. Analysts expect CarGurus to post earnings of $0.42 per share and revenue of $226.72 million for the quarter. CarGurus has set its Q1 2025 guidance at 0.410-0.470 EPS.

CarGurus (NASDAQ:CARG - Get Free Report) last announced its earnings results on Thursday, February 20th. The company reported $0.44 earnings per share for the quarter, missing analysts' consensus estimates of $0.50 by ($0.06). The company had revenue of $228.54 million during the quarter, compared to the consensus estimate of $231.72 million. CarGurus had a return on equity of 27.14% and a net margin of 2.34%. On average, analysts expect CarGurus to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CarGurus Trading Up 1.0 %

Shares of CarGurus stock traded up $0.29 during midday trading on Friday, reaching $28.19. The company had a trading volume of 843,098 shares, compared to its average volume of 862,005. The stock has a fifty day simple moving average of $29.03 and a 200 day simple moving average of $33.84. CarGurus has a 1-year low of $21.65 and a 1-year high of $41.33. The company has a market capitalization of $2.94 billion, a price-to-earnings ratio of 156.62, a price-to-earnings-growth ratio of 1.72 and a beta of 1.45.

Analysts Set New Price Targets

CARG has been the topic of several research reports. Oppenheimer cut their price target on CarGurus from $44.00 to $42.00 and set an "outperform" rating on the stock in a research note on Monday, February 24th. JPMorgan Chase & Co. lowered shares of CarGurus from an "overweight" rating to a "neutral" rating and reduced their target price for the company from $42.00 to $34.00 in a research note on Thursday, March 27th. Needham & Company LLC reissued a "buy" rating and set a $45.00 price target on shares of CarGurus in a research note on Friday, February 21st. JMP Securities cut their price objective on shares of CarGurus from $43.00 to $38.00 and set a "market outperform" rating on the stock in a report on Wednesday, April 9th. Finally, UBS Group dropped their target price on shares of CarGurus from $36.00 to $29.00 and set a "neutral" rating for the company in a research report on Thursday, April 10th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $37.14.

Insiders Place Their Bets

In related news, CEO Zachary Emerson Hallowell sold 1,824 shares of the firm's stock in a transaction on Thursday, April 17th. The shares were sold at an average price of $26.73, for a total transaction of $48,755.52. Following the sale, the chief executive officer now directly owns 129,790 shares in the company, valued at $3,469,286.70. This trade represents a 1.39 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, COO Samuel Zales sold 10,000 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of $30.78, for a total transaction of $307,800.00. Following the completion of the sale, the chief operating officer now directly owns 390,025 shares in the company, valued at $12,004,969.50. This represents a 2.50 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,824 shares of company stock worth $1,392,156 over the last ninety days. 17.20% of the stock is currently owned by corporate insiders.

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.