Research Analysts Issue Forecasts for CarGurus Q1 Earnings

CarGurus, Inc. (NASDAQ:CARG) – Stock analysts at William Blair reduced their Q1 2025 earnings estimates for CarGurus in a research note issued to investors on Monday, November 18th. William Blair analyst R. Schackart now expects that the company will earn $0.29 per share for the quarter, down from their prior estimate of $0.31. The consensus estimate for CarGurus’ current full-year earnings is $1.23 per share. William Blair also issued estimates for CarGurus’ Q2 2025 earnings at $0.31 EPS.

Other equities research analysts also recently issued research reports about the company. Citigroup upgraded CarGurus from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Royal Bank of Canada boosted their price objective on shares of CarGurus from $30.00 to $42.00 and gave the stock an “outperform” rating in a report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on shares of CarGurus from $36.00 to $40.00 and gave the company an “overweight” rating in a report on Friday, November 8th. BTIG Research upped their price target on shares of CarGurus from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Tuesday, October 22nd. Finally, B. Riley boosted their target price on CarGurus from $30.00 to $40.00 and gave the company a “buy” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, CarGurus has a consensus rating of “Moderate Buy” and a consensus target price of $37.86.

CarGurus Price Performance

NASDAQ CARG opened at $35.62 on Thursday. The company’s 50 day simple moving average is $31.73 and its two-hundred day simple moving average is $27.70. CarGurus has a 1 year low of $21.02 and a 1 year high of $37.94. The stock has a market capitalization of $3.69 billion, a PE ratio of -77.67, a P/E/G ratio of 1.87 and a beta of 1.55.

Hedge Funds Weigh In On CarGurus

Several hedge funds and other institutional investors have recently modified their holdings of the business. Point72 Hong Kong Ltd purchased a new position in shares of CarGurus during the 3rd quarter worth approximately $28,000. Signaturefd LLC lifted its position in CarGurus by 81.3% in the third quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $29,000 after acquiring an additional 430 shares during the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in shares of CarGurus in the 3rd quarter valued at $30,000. CWM LLC raised its stake in shares of CarGurus by 54.1% during the second quarter. CWM LLC now owns 1,381 shares of the company’s stock worth $36,000 after purchasing an additional 485 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its holdings in CarGurus by 43.5% during the second quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company’s stock worth $41,000 after purchasing an additional 479 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at CarGurus

In related news, CMO Dafna Sarnoff sold 3,107 shares of the business’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $28.42, for a total value of $88,300.94. Following the completion of the transaction, the chief marketing officer now directly owns 128,952 shares in the company, valued at $3,664,815.84. The trade was a 2.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Jason Trevisan sold 10,000 shares of the stock in a transaction that occurred on Monday, November 18th. The shares were sold at an average price of $35.41, for a total value of $354,100.00. Following the transaction, the chief executive officer now owns 779,606 shares in the company, valued at $27,605,848.46. This trade represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 71,065 shares of company stock worth $2,356,336. 17.20% of the stock is currently owned by insiders.

About CarGurus

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.