CarGurus, Inc. (NASDAQ:CARG) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of CarGurus, Inc. (NASDAQ:CARG) have received a consensus recommendation of “Moderate Buy” from the sixteen research firms that are presently covering the company, MarketBeat reports. Eight investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $37.7917.

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. raised their target price on CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. UBS Group set a $35.00 price target on CarGurus in a report on Thursday, May 28th. DA Davidson lowered their price objective on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a research note on Friday, February 20th. Citigroup assumed coverage on CarGurus in a report on Friday, June 12th. They set a “buy” rating on the stock. Finally, BTIG Research cut their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, February 20th.

Insider Activity at CarGurus

In other CarGurus news, CMO Dafna Sarnoff sold 5,445 shares of the firm’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $179,902.80. Following the completion of the transaction, the chief marketing officer directly owned 134,369 shares of the company’s stock, valued at $4,439,551.76. This trade represents a 3.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 4,341 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $143,426.64. Following the completion of the sale, the chief technology officer owned 246,098 shares in the company, valued at approximately $8,131,077.92. This trade represents a 1.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 20,924 shares of company stock valued at $669,419. Insiders own 16.99% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada lifted its stake in CarGurus by 22.6% during the first quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after purchasing an additional 13,834 shares during the last quarter. AQR Capital Management LLC increased its stake in CarGurus by 25.4% during the first quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after purchasing an additional 5,259 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CarGurus by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock valued at $1,889,000 after purchasing an additional 1,890 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of CarGurus by 113.0% during the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after purchasing an additional 65,420 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in shares of CarGurus during the second quarter worth $87,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

CarGurus Trading Up 2.2%

NASDAQ CARG opened at $30.02 on Friday. The company’s fifty day simple moving average is $32.06 and its 200-day simple moving average is $33.35. CarGurus has a 52 week low of $26.39 and a 52 week high of $39.42. The stock has a market cap of $2.71 billion, a P/E ratio of 19.75, a PEG ratio of 1.07 and a beta of 1.20.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The business had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. During the same period last year, the business earned $0.46 EPS. The business’s revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, research analysts expect that CarGurus will post 2.11 EPS for the current fiscal year.

CarGurus Company Profile

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.