CarGurus (CARG) Projected to Post Earnings on Thursday

CarGurus (NASDAQ:CARG) is expected to issue its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect CarGurus to post earnings of $0.6130 per share and revenue of $249.8530 million for the quarter. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Parties can check the company’s upcoming Q2 2026 earning overview page for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) 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 company had revenue of $243.56 million for the quarter, compared to the consensus estimate of $243.10 million. During the same period last year, the company earned $0.46 earnings per share. The firm’s revenue was up 8.2% compared to the same quarter last year. On average, analysts expect CarGurus to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CarGurus Trading Up 0.2%

Shares of CARG opened at $37.02 on Wednesday. CarGurus has a 12 month low of $26.39 and a 12 month high of $39.42. The firm has a fifty day simple moving average of $32.39 and a 200 day simple moving average of $32.58. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 24.36, a PEG ratio of 1.35 and a beta of 1.17.

Insider Buying and Selling at CarGurus

In other news, insider Jennifer Ladd Hanson sold 2,499 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total value of $86,365.44. Following the sale, the insider directly owned 92,894 shares of the company’s stock, valued at approximately $3,210,416.64. This represents a 2.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CTO Matthew Todd Quinn sold 3,824 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were 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 trade represents a 1.61% decrease in their ownership of the stock. 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. Insiders sold a total of 31,764 shares of company stock worth $1,071,649 over the last quarter. 18.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CarGurus

Institutional investors have recently bought and sold shares of the business. UBS Group AG lifted its position in shares of CarGurus by 158.2% in the third quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock valued at $57,254,000 after buying an additional 942,199 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock worth $358,773,000 after acquiring an additional 594,670 shares during the period. No Street GP LP increased its holdings in shares of CarGurus by 108.9% during the 3rd quarter. No Street GP LP now owns 835,000 shares of the company’s stock worth $31,087,000 after acquiring an additional 435,340 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of CarGurus by 1,457.7% during the 2nd quarter. Squarepoint Ops LLC now owns 403,447 shares of the company’s stock worth $13,503,000 after acquiring an additional 377,547 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. bought a new stake in CarGurus in the 3rd quarter valued at $12,175,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on the stock. Needham & Company LLC boosted their price target on shares of CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Weiss Ratings cut CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. Royal Bank Of Canada increased their price target on CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Finally, Freedom Capital upgraded CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.55.

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.