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

CarGurus, Inc. (NASDAQ:CARG) has been given an average rating of “Moderate Buy” by the fifteen ratings firms that are presently covering the stock, Marketbeat reports. Seven investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $37.7727.

Several research analysts recently commented on the stock. Freedom Capital upgraded shares of CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a report on Friday, June 12th. Barclays started coverage on shares of CarGurus in a report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price target on the stock. Weiss Ratings lowered CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Citigroup started coverage on CarGurus in a research report on Friday, June 12th. They issued a “buy” rating for the company.

Insider Buying and Selling at CarGurus

In other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $34.56, for a total value of $86,365.44. Following the completion of the sale, the insider owned 92,894 shares of the company’s stock, valued at approximately $3,210,416.64. This trade represents a 2.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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, General Counsel Javier Zamora sold 3,533 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $36.06, for a total value of $127,399.98. Following the sale, the general counsel owned 88,345 shares in the company, valued at $3,185,720.70. The trade was a 3.85% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 25,559 shares of company stock worth $841,568. 16.99% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CARG. Royal Bank of Canada increased its holdings in CarGurus by 22.6% in the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after buying an additional 13,834 shares during the period. AQR Capital Management LLC lifted its position in shares of CarGurus by 25.4% during 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 boosted its holdings in CarGurus by 113.0% in 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 last quarter. Finally, Quantbot Technologies LP purchased a new stake in CarGurus during the 2nd quarter worth approximately $87,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

CarGurus Price Performance

CARG opened at $34.19 on Thursday. The firm has a market capitalization of $3.08 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 1.28 and a beta of 1.18. The business’s 50-day moving average is $31.21 and its two-hundred day moving average is $32.99. CarGurus has a 1 year low of $26.39 and a 1 year high of $39.42.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The business had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. During the same period in the prior year, the firm posted $0.46 earnings per share. The company’s quarterly revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, sell-side analysts expect that CarGurus will post 2.11 EPS for the current year.

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.