Analysts Set CarGurus, Inc. (NASDAQ:CARG) PT at $40.86

CarGurus, Inc. (NASDAQ:CARG) has been given an average rating of “Hold” by the thirteen brokerages that are covering the company, MarketBeat Ratings reports. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $40.8636.

Several brokerages have commented on CARG. JPMorgan Chase & Co. boosted their price objective on shares of CarGurus from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. Jefferies Financial Group boosted their price target on CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a report on Thursday, December 11th. DA Davidson set a $37.50 price objective on CarGurus in a research report on Monday, November 17th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 29th. Finally, Wall Street Zen downgraded CarGurus from a “buy” rating to a “hold” rating in a research note on Saturday, January 3rd.

CarGurus Stock Performance

Shares of NASDAQ CARG opened at $33.66 on Thursday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 22.90, a PEG ratio of 1.37 and a beta of 1.36. The stock’s fifty day moving average is $36.73 and its 200 day moving average is $35.31. CarGurus has a 52 week low of $24.65 and a 52 week high of $41.33.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $238.70 million for the quarter, compared to the consensus estimate of $234.57 million. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The business’s revenue for the quarter was up 3.2% on a year-over-year basis. During the same period in the prior year, the company posted $0.45 earnings per share. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. Equities research analysts forecast that CarGurus will post 1.41 earnings per share for the current year.

Insider Activity at CarGurus

In related news, COO Samuel Zales sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total transaction of $349,800.00. Following the completion of the transaction, the chief operating officer directly owned 410,259 shares in the company, valued at $14,350,859.82. This represents a 2.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Jason Trevisan sold 16,548 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total transaction of $645,702.96. Following the completion of the sale, the chief executive officer owned 630,483 shares in the company, valued at $24,601,446.66. This represents a 2.56% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 58,586 shares of company stock valued at $2,198,264. Company insiders own 16.99% of the company’s stock.

Hedge Funds Weigh In On CarGurus

A number of institutional investors and hedge funds have recently bought and sold shares of CARG. Royal Bank of Canada boosted its stake in shares of CarGurus by 22.6% during the first quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after purchasing an additional 13,834 shares in the last quarter. AQR Capital Management LLC raised its holdings in CarGurus by 25.4% in the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after buying an additional 5,259 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in CarGurus by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock worth $1,889,000 after buying an additional 1,890 shares during the period. Jane Street Group LLC boosted its position in CarGurus by 113.0% during the 1st quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after buying an additional 65,420 shares during the period. Finally, Intech Investment Management LLC grew its holdings in CarGurus by 50.0% during the 1st quarter. Intech Investment Management LLC now owns 67,246 shares of the company’s stock worth $1,959,000 after acquiring an additional 22,425 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

About CarGurus

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.