CarGurus (CARG) Set to Post Quarterly Earnings on Thursday

Key Points

• CarGurus is expected to report Q3 2026 results after market close on November 5. Analysts forecast EPS of $0.664 and revenue of $256.46 million, compared with company guidance of $0.630–$0.690 EPS.
• The company exceeded expectations in its prior quarter, reporting $0.66 EPS and $250.97 million in revenue, with year-over-year revenue growth of 7.2%.
• Analysts maintain a Moderate Buy consensus, with an average price target of $39.95 versus the stock’s recent $31.32 price; however, insiders sold 78,187 shares worth approximately $2.69 million over the past 90 days.

CarGurus (NASDAQ:CARG - Get Free Report) is anticipated to announce its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect CarGurus to announce earnings of $0.6640 per share and revenue of $256.46 million for the quarter. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Investors are encouraged to explore the company's upcoming Q3 2026 earnings summary page for the latest details on the call scheduled for Thursday, November 5, 2026 at 5:00 PM ET.

CarGurus (NASDAQ:CARG - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.05. The firm had revenue of $250.97 million for the quarter, compared to analyst estimates of $249.85 million. CarGurus had a return on equity of 62.88% and a net margin of 18.06%. The company's revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the firm posted $0.57 EPS. On average, analysts expect CarGurus to post $2.17 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.

CarGurus Stock Up 1.2%

Shares of NASDAQ CARG opened at $31.32 on Thursday. CarGurus has a 12 month low of $26.39 and a 12 month high of $41.22. The company has a market cap of $2.79 billion, a P/E ratio of 17.02, a P/E/G ratio of 1.12 and a beta of 1.22. The business's 50 day moving average is $32.54 and its two-hundred day moving average is $32.91.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of CarGurus from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, October 23rd. B. Riley Financial restated a "buy" rating on shares of CarGurus in a research report on Friday, August 7th. Royal Bank Of Canada raised their price target on shares of CarGurus from $35.00 to $42.00 and gave the stock an "outperform" rating in a research report on Friday, August 7th. Wall Street Zen downgraded shares of CarGurus from a "buy" rating to a "hold" rating in a report on Saturday, October 3rd. Finally, Oppenheimer upped their price objective on shares of CarGurus from $38.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $39.95.

Insiders Place Their Bets

In other CarGurus news, COO Samuel Zales sold 10,000 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $34.62, for a total value of $346,200.00. Following the sale, the chief operating officer owned 455,349 shares of the company's stock, valued at $15,764,182.38. The trade was a 2.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Greg M. Schwartz sold 10,000 shares of the stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $36.07, for a total transaction of $360,700.00. Following the completion of the transaction, the director owned 8,716 shares of the company's stock, valued at approximately $314,386.12. This represents a 53.43% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 78,187 shares of company stock valued at $2,691,547 in the last ninety days. 18.19% of the stock is currently owned by insiders.

About CarGurus

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.

The company also offers tools intended to support automotive retailers' online operations, including inventory merchandising, lead generation and digital retailing capabilities.

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