CarGurus (CARG) News Today

CarGurus, Inc. (NASDAQ: CARG) saw its stock rise today, driven by stronger-than-expected Q2 results, upbeat analyst revisions and positive industry data.

• Positive Sentiment: CarGurus exceeded Q2 earnings expectations, reporting $0.57 EPS vs. $0.54 estimated, which sent shares higher. CarGurus (NASDAQ:CARG) Exceeds Q2 Expectations, Stock Soars
• Positive Sentiment: Zacks reports CarGurus topped both earnings and revenue estimates in Q2, with revenue of $234.03 million vs. $232.29 million expected. CarGurus (CARG) Tops Q2 Earnings and Revenue Estimates
• Positive Sentiment: Zacks’ deep dive shows key metrics—margin expansion and revenue growth—outpaced Wall Street’s Q2 estimates. CarGurus (CARG) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
• Positive Sentiment: GlobeNewswire details strong Q2 results: Marketplace revenue up 14% YoY, net income of $22.3 million, Non-GAAP EBITDA +39%, a $150 million share repurchase boost and plans to wind down CarOffer. CarGurus Announces Second Quarter 2025 Results & Shares Plans to Wind Down CarOffer Transactions Business
• Positive Sentiment: MarketBeat notes CarGurus delivered a 7% YoY revenue increase, 4.28% net margin and a 32.5% return on equity in Q2. View Press Release
• Positive Sentiment: The Motley Fool reports Q2 EPS jumped 46% year-over-year, highlighting strong operational leverage. CarGurus (CARG) Q2 EPS Jumps 46%
• Positive Sentiment: Needham & Company raised its price target to $44 (up from $39) and maintained a “buy” rating, implying a 51.2% upside. Benzinga
• Positive Sentiment: UBS upped its CarGurus target to $36 (from $33) with a “neutral” rating, signaling 23.7% potential upside. Benzinga
• Positive Sentiment: A CBTNews report finds the U.S. auto market remains resilient despite tariffs, supporting CarGurus’ marketplace volume. CarGurus report reveals US auto market remains resilient amid tariffs
• Neutral Sentiment: CarGurus released its Q2 2025 earnings call transcript, offering detailed management commentary on performance and strategy. Q2 2025 Earnings Call Transcript
• Neutral Sentiment: Used Tesla prices have dipped below the overall secondhand market average, a trend CarGurus may leverage but whose broader impact is unclear. Used Tesla prices average less than overall secondhand market
• Neutral Sentiment: Management issued Q3 EPS guidance of $0.50–$0.58 vs. a $0.546 consensus, suggesting a range of outcomes ahead.