CarGurus, Inc. (NASDAQ:CARG) Given Consensus Recommendation of "Hold" by Analysts

Key Points

• CarGurus, Inc. has received an average recommendation of "Hold" from 14 brokerages, with eight recommending a hold and six a buy, and an average price target of $38.79.
• The company's stock recently traded down 4.3%, with shares opening at $36.24, and it has experienced a 12-month price range between $24.65 and $41.33.
• CarGurus reported earnings of $0.57 per share for the last quarter, exceeding estimates, and its revenue increased 7.0% compared to the previous year.

CarGurus, Inc. (NASDAQ:CARG - Get Free Report) has been given an average recommendation of "Hold" by the fourteen brokerages that are currently covering the firm, MarketBeat.com reports. Eight research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $38.7917.

A number of equities research analysts have issued reports on the company. UBS Group increased their price target on CarGurus from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday. Citigroup dropped 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. Oppenheimer decreased their target price on CarGurus from $42.00 to $40.00 and set an "outperform" rating on the stock in a research note on Tuesday, August 12th. Weiss Ratings reissued a "hold (c)" rating on shares of CarGurus in a report on Saturday, September 27th. Finally, Needham & Company LLC increased their price objective on shares of CarGurus from $39.00 to $44.00 and gave the company a "buy" rating in a report on Friday, August 8th.

CarGurus Trading Down 4.3%

Shares of NASDAQ:CARG opened at $36.24 on Tuesday. The stock has a 50 day moving average of $34.59 and a 200 day moving average of $32.15. The company has a market cap of $3.60 billion, a PE ratio of 29.46, a price-to-earnings-growth ratio of 1.80 and a beta of 1.52. CarGurus has a 12-month low of $24.65 and a 12-month high of $41.33.

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

Insider Activity at CarGurus

In other CarGurus news, insider Ismail Elshareef sold 1,325 shares of CarGurus stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $35.00, for a total value of $46,375.00. Following the sale, the insider directly owned 104,322 shares in the company, valued at approximately $3,651,270. The trade was a 1.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Javier Zamora sold 6,154 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $35.00, for a total transaction 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 position. The disclosure for this sale can be found here. Insiders sold a total of 39,210 shares of company stock valued at $1,388,736 in the last ninety days. Corporate insiders own 16.99% of the company's stock.

Institutional Trading of CarGurus

Several hedge funds have recently made changes to their positions in the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new position in shares of CarGurus in the 2nd quarter valued at about $27,000. Private Wealth Asset Management LLC purchased a new stake in CarGurus during the second quarter valued at approximately $29,000. MAI Capital Management lifted its stake in shares of CarGurus by 661.0% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company's stock valued at $39,000 after purchasing an additional 1,018 shares during the last quarter. Fifth Third Bancorp boosted its holdings in shares of CarGurus by 121.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,419 shares of the company's stock worth $47,000 after purchasing an additional 779 shares during the period. Finally, BI Asset Management Fondsmaeglerselskab A S bought a new position in shares of CarGurus during the 1st quarter valued at approximately $46,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

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.

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