CarGurus (CARG) Projected to Post Quarterly Earnings on Thursday

CarGurus (NASDAQ:CARG) is expected to be issuing its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect the company to announce earnings of $0.56 per share and revenue of $243.12 million for the quarter. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Parties are encouraged to explore the company’s upcoming Q1 2026 earning overview page for the latest details on the call scheduled for Thursday, May 7, 2026 at 5:00 PM ET.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data 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. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The company had revenue of $209.09 million during the quarter, compared to analyst estimates of $239.07 million. During the same period in the prior year, the business posted $0.55 earnings per share. The firm’s revenue for the quarter was up 14.7% 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 Stock Performance

Shares of CARG traded up $0.65 during midday trading on Tuesday, hitting $37.63. 1,311,832 shares of the stock were exchanged, compared to its average volume of 1,197,906. CarGurus has a 52-week low of $25.41 and a 52-week high of $39.42. The stock has a fifty day simple moving average of $34.06 and a 200 day simple moving average of $34.58. The firm has a market cap of $3.58 billion, a P/E ratio of 24.27, a P/E/G ratio of 1.38 and a beta of 1.28.

Insider Buying and Selling

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of the company’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total transaction of $88,989.39. Following the sale, the insider owned 98,191 shares in the company, valued at $3,496,581.51. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Kaufer acquired 30,766 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The stock was bought at an average price of $32.50 per share, with a total value of $999,895.00. Following the purchase, the director directly owned 323,939 shares in the company, valued at approximately $10,528,017.50. This trade represents a 10.49% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have sold 12,852 shares of company stock worth $431,053 in the last quarter. Company insiders own 16.99% of the company’s stock.

Hedge Funds Weigh In On CarGurus

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in shares of CarGurus by 22.6% during the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after acquiring an additional 13,834 shares in the last quarter. AQR Capital Management LLC grew its position in shares of CarGurus by 25.4% during the first quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock worth $756,000 after acquiring an additional 5,259 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in CarGurus by 3.0% in 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 period. Jane Street Group LLC increased its position in CarGurus by 113.0% in the 1st quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock valued at $3,592,000 after acquiring an additional 65,420 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of CarGurus in the second quarter valued at approximately $87,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on CARG. Oppenheimer lowered their price target on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. BTIG Research lowered their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Friday, February 20th. UBS Group set a $38.00 price target on CarGurus in a research report on Tuesday, February 24th. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, DA Davidson lowered their price target on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a research report on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $38.14.

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.