CarGurus, Inc. (NASDAQ:CARG) Receives Consensus Rating of "Hold" from Analysts

CarGurus, Inc. (NASDAQ:CARG - Get Free Report) has been assigned an average rating of "Hold" from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $38.1250.

A number of research analysts recently weighed in on CARG shares. Oppenheimer reduced their target price on CarGurus from $42.00 to $40.00 and set an "outperform" rating on the stock in a report on Tuesday, August 12th. JMP Securities reiterated a "market perform" rating and issued a $38.00 target price on shares of CarGurus in a report on Wednesday, July 2nd. Gordon Haskett started coverage on CarGurus in a report on Monday, July 14th. They issued a "hold" rating and a $35.00 target price on the stock. Citigroup reduced their target price on CarGurus from $40.00 to $37.00 and set a "neutral" rating on the stock in a report on Thursday, July 3rd. Finally, Royal Bank Of Canada reiterated an "outperform" rating and issued a $42.00 target price on shares of CarGurus in a report on Monday, May 12th.

Insider Buying and Selling

In other CarGurus news, General Counsel Javier Zamora sold 6,154 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $35.00, for a total value of $215,390.00. Following the transaction, the general counsel directly owned 92,807 shares of the company's stock, valued at $3,248,245. This trade represents a 6.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Samuel Zales sold 10,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $33.88, for a total value of $338,800.00. Following the completion of the transaction, the chief operating officer directly owned 461,821 shares in the company, valued at $15,646,495.48. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 49,049 shares of company stock valued at $1,616,397 over the last ninety days. Insiders own 16.99% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in CARG. Principal Financial Group Inc. increased its position in shares of CarGurus by 2.3% during the first quarter. Principal Financial Group Inc. now owns 482,484 shares of the company's stock worth $14,055,000 after acquiring an additional 10,787 shares during the last quarter. GAMMA Investing LLC increased its position in shares of CarGurus by 35.4% during the first quarter. GAMMA Investing LLC now owns 4,196 shares of the company's stock worth $122,000 after acquiring an additional 1,097 shares during the last quarter. Bosman Wealth Management LLC purchased a new stake in shares of CarGurus during the first quarter worth about $2,638,000. Jupiter Asset Management Ltd. purchased a new stake in shares of CarGurus during the first quarter worth about $468,000. Finally, Vanguard Group Inc. increased its position in shares of CarGurus by 1.0% during the first quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company's stock worth $284,909,000 after acquiring an additional 93,722 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Stock Up 5.3%

NASDAQ CARG traded up $1.72 during mid-day trading on Monday, hitting $33.92. The stock had a trading volume of 339,615 shares, compared to its average volume of 1,042,943. CarGurus has a 52-week low of $24.65 and a 52-week high of $41.33. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 1.50 and a beta of 1.42. The company has a 50 day simple moving average of $32.67 and a 200 day simple moving average of $31.74.

CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.03. The company had revenue of $234.03 million during the quarter, compared to the consensus estimate of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.CarGurus's revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, equities analysts anticipate that CarGurus will post 1.41 earnings per share for the current fiscal year.

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.