CarGurus, Inc. (NASDAQ:CARG) Receives Average Rating of “Hold” from Brokerages

Shares of CarGurus, Inc. (NASDAQ:CARG) have received a consensus rating of “Hold” from the thirteen analysts that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $38.1364.

Several research firms have weighed in on CARG. UBS Group set a $38.00 target price on shares of CarGurus in a report on Tuesday, February 24th. Royal Bank Of Canada cut their price target on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Needham & Company LLC cut their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Finally, BTIG Research cut their price target on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 20th.

CarGurus Stock Performance

CARG opened at $37.04 on Friday. The firm’s fifty day moving average is $34.06 and its two-hundred day moving average is $34.58. The firm has a market cap of $3.53 billion, a PE ratio of 23.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.32. CarGurus has a twelve month low of $25.41 and a twelve month high of $39.42.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $209.09 million for the quarter, compared to analyst estimates of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period last year, the business posted $0.55 earnings per share. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Equities analysts forecast that CarGurus will post 2.06 EPS for the current fiscal year.

Insider Transactions at CarGurus

In other CarGurus news, CMO Dafna Sarnoff sold 5,445 shares of CarGurus stock in a transaction that occurred on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total value of $179,902.80. Following the transaction, the chief marketing officer owned 134,369 shares of the company’s stock, valued at approximately $4,439,551.76. The trade was a 3.89% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Kaufer purchased 30,766 shares of the business’s stock in a transaction on Tuesday, March 3rd. The stock was bought at an average cost of $32.50 per share, for a total transaction of $999,895.00. Following the purchase, the director owned 323,939 shares of the company’s stock, valued at approximately $10,528,017.50. This represents a 10.49% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have sold 14,497 shares of company stock valued at $484,038. 16.99% of the stock is currently owned by insiders.

Institutional Trading of CarGurus

A number of institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp lifted its position in shares of CarGurus by 1,007.8% in the first quarter. Fifth Third Bancorp now owns 20,395 shares of the company’s stock worth $694,000 after purchasing an additional 18,554 shares in the last quarter. Hsbc Holdings PLC bought a new stake in shares of CarGurus in the first quarter worth $952,000. Abel Hall LLC lifted its position in shares of CarGurus by 82.2% in the first quarter. Abel Hall LLC now owns 16,002 shares of the company’s stock worth $545,000 after purchasing an additional 7,220 shares in the last quarter. Prevatt Capital Ltd lifted its position in shares of CarGurus by 12.5% in the first quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company’s stock worth $84,274,000 after purchasing an additional 275,000 shares in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH lifted its position in shares of CarGurus by 8.5% in the first quarter. Fort Washington Investment Advisors Inc. OH now owns 1,110,231 shares of the company’s stock worth $37,803,000 after purchasing an additional 86,600 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

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.