CarGurus, Inc. (NASDAQ:CARG) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

CarGurus, Inc. (NASDAQ:CARG) has been given an average recommendation of “Moderate Buy” by the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Five investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong 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 $39.95.

Several research firms have issued reports on CARG. Needham & Company LLC raised their price target on shares of CarGurus from $43.00 to $44.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Royal Bank Of Canada upped their price objective on shares of CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Barclays reduced their price objective on shares of CarGurus from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 6th. Wall Street Zen cut shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Finally, Oppenheimer lifted their target price on shares of CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th.

Insider Buying and Selling at CarGurus

In other news, Director Greg Schwartz sold 10,000 shares of CarGurus stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $36.07, for a total value of $360,700.00. Following the completion of the transaction, the director directly owned 8,716 shares of the company’s stock, valued at approximately $314,386.12. This trade represents a 53.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Dafna Sarnoff sold 7,234 shares of the business’s stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $29.62, for a total value of $214,271.08. Following the completion of the transaction, the chief marketing officer directly owned 94,884 shares in the company, valued at $2,810,464.08. This represents a 7.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 78,187 shares of company stock valued at $2,691,547. 18.19% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On CarGurus

Several institutional investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio bought a new position in CarGurus in the second quarter worth approximately $43,000. Farther Finance Advisors LLC grew its stake in CarGurus by 107.5% in the third quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company’s stock valued at $48,000 after acquiring an additional 793 shares during the period. Rockefeller Capital Management L.P. increased its holdings in shares of CarGurus by 356.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after acquiring an additional 1,697 shares in the last quarter. Versant Capital Management Inc increased its holdings in shares of CarGurus by 20.2% during the third quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock valued at $72,000 after acquiring an additional 391 shares in the last quarter. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of CarGurus by 28.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company’s stock valued at $129,000 after acquiring an additional 834 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

CarGurus Stock Down 0.1%

Shares of NASDAQ CARG traded down $0.02 during midday trading on Friday, reaching $30.28. 1,009,238 shares of the company were exchanged, compared to its average volume of 1,727,869. The stock’s 50-day moving average price is $33.34 and its 200-day moving average price is $33.26. The stock has a market cap of $2.70 billion, a P/E ratio of 16.46, a PEG ratio of 1.08 and a beta of 1.22. CarGurus has a one year low of $26.39 and a one year high of $41.22.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a return on equity of 62.88% and a net margin of 18.06%. The firm had revenue of $250.97 million for the quarter, compared to analyst estimates of $249.85 million. During the same period last year, the firm posted $0.57 earnings per share. The business’s revenue for the quarter was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, equities research analysts anticipate that CarGurus will post 2.17 EPS for the current year.

CarGurus Company Profile

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.