CarGurus, Inc. (NASDAQ:CARG) Given Average Recommendation of "Moderate Buy" by Analysts

CarGurus, Inc. (NASDAQ:CARG - Get Free Report) has received a consensus recommendation of "Moderate Buy" from the fifteen research firms that are currently covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $40.75.

Several research firms recently issued reports on CARG. Piper Sandler reaffirmed a "sector weight" rating on shares of CarGurus in a research report on Friday, June 12th. Royal Bank Of Canada boosted their price target on CarGurus from $35.00 to $42.00 and gave the stock an "outperform" rating in a research note on Friday, August 7th. Freedom Capital raised CarGurus to a "strong-buy" rating in a report on Friday, June 12th. Needham & Company LLC increased their price objective on CarGurus from $43.00 to $44.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Barclays increased their price objective on CarGurus from $40.00 to $41.00 and gave the company an "overweight" rating in a research report on Monday, August 10th.

CarGurus Stock Performance

NASDAQ:CARG opened at $36.36 on Friday. The firm has a market cap of $3.24 billion, a P/E ratio of 19.76, a P/E/G ratio of 1.28 and a beta of 1.17. CarGurus has a fifty-two week low of $26.39 and a fifty-two week high of $41.22. The firm has a 50-day simple moving average of $35.22 and a two-hundred day simple moving average of $33.10.

CarGurus (NASDAQ:CARG - Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The firm had revenue of $250.97 million for the quarter, compared to the consensus estimate of $249.85 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The business's revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, equities research analysts predict that CarGurus will post 2.17 EPS for the current year.

Insider Buying and Selling at CarGurus

In other news, Director Greg M. Schwartz sold 10,000 shares of the firm's stock in a transaction dated Wednesday, August 12th. The shares were sold at an average price of $36.07, for a total transaction of $360,700.00. Following the sale, the director owned 8,716 shares of the company's stock, valued at $314,386.12. This trade represents a 53.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Matthew Todd Quinn sold 3,824 shares of CarGurus stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $133,954.72. Following the completion of the sale, the chief technology officer owned 233,146 shares of the company's stock, valued at $8,167,104.38. This represents a 1.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 60,015 shares of company stock worth $2,112,102. 18.19% of the stock is owned by company insiders.

Institutional Investors Weigh In On CarGurus

A number of large investors have recently added to or reduced their stakes in the stock. Public Employees Retirement System of Ohio bought a new position in shares of CarGurus during the 2nd quarter valued at $43,000. Brown Brothers Harriman & Co. bought a new stake in shares of CarGurus in the third quarter worth $46,000. Torren Management LLC bought a new stake in shares of CarGurus in the fourth quarter worth $49,000. EverSource Wealth Advisors LLC increased its position in CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company's stock valued at $55,000 after acquiring an additional 1,362 shares during the last quarter. Finally, Clearstead Advisors LLC increased its position in CarGurus by 321.2% during the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company's stock valued at $82,000 after acquiring an additional 1,622 shares during the last quarter. Institutional investors own 86.90% of the company's stock.

About CarGurus

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.

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