Shares of CarGurus, Inc. (NASDAQ:CARG - Get Free Report) have been given a consensus recommendation of "Hold" by the thirteen research firms that are currently covering the firm, MarketBeat Ratings reports. Eight analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $38.1364.
CARG has been the subject of a number of analyst reports. UBS Group set a $38.00 target price on shares of CarGurus in a report on Tuesday, February 24th. Oppenheimer cut their target price on shares of CarGurus from $40.00 to $38.00 and set an "outperform" rating on the stock in a report on Tuesday, February 24th. Wall Street Zen cut shares of CarGurus from a "buy" rating to a "hold" rating in a research report on Sunday, February 15th. Needham & Company LLC decreased their price target on shares of CarGurus from $44.00 to $37.00 and set a "buy" rating for the company in a report on Thursday, February 5th. Finally, Weiss Ratings reissued a "hold (c+)" rating on shares of CarGurus in a report on Monday, December 29th.
Check Out Our Latest Report on CARG
Insider Buying and Selling
In other news, Director Stephen Kaufer purchased 30,766 shares of the firm's stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $32.50 per share, with a total value of $999,895.00. Following the acquisition, the director directly owned 323,939 shares of the company's stock, valued at approximately $10,528,017.50. This represents a 10.49% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Ismail Elshareef sold 1,645 shares of the business's stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total transaction of $52,985.45. Following the completion of the transaction, the insider directly owned 91,822 shares of the company's stock, valued at $2,957,586.62. This trade represents a 1.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,497 shares of company stock worth $484,038 over the last ninety days. Insiders own 16.99% of the company's stock.
Hedge Funds Weigh In On CarGurus
Several institutional investors and hedge funds have recently made changes to their positions in CARG. Farther Finance Advisors LLC grew its holdings in shares of CarGurus by 71.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company's stock valued at $40,000 after buying an additional 443 shares during the period. Brown Brothers Harriman & Co. acquired a new position in shares of CarGurus in the 3rd quarter valued at $46,000. Torren Management LLC bought a new stake in shares of CarGurus during the fourth quarter worth $49,000. First Horizon Corp bought a new stake in shares of CarGurus during the third quarter worth $51,000. Finally, EverSource Wealth Advisors LLC increased its position in shares of CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company's stock worth $55,000 after acquiring an additional 1,362 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.
CarGurus Stock Performance
CARG opened at $37.62 on Friday. The company has a fifty day moving average price of $33.36 and a two-hundred day moving average price of $34.51. CarGurus has a 52 week low of $25.41 and a 52 week high of $39.42. The firm has a market capitalization of $3.58 billion, a PE ratio of 24.27, a P/E/G ratio of 1.40 and a beta of 1.32.
CarGurus (NASDAQ:CARG - Get Free Report) last released its earnings results on Thursday, February 19th. The company reported $0.63 EPS for the quarter, topping 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 firm had revenue of $209.09 million during the quarter, compared to analyst estimates of $239.07 million. During the same quarter in the previous year, the business earned $0.55 EPS. The business's quarterly revenue was up 14.7% compared to the same quarter last year. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Equities analysts forecast that CarGurus will post 2.06 EPS for the current year.
About CarGurus
(
Get Free Report)
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.
Further Reading
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