CarGurus (NASDAQ:CARG) Updates Q1 2025 Earnings Guidance

CarGurus (NASDAQ:CARG) issued an update on its first quarter 2025 earnings guidance on Thursday morning. The company provided earnings per share guidance of 0.410-0.470 for the period, compared to the consensus earnings per share estimate of 0.420. The company issued revenue guidance of $216.0 million-$236.0 million, compared to the consensus revenue estimate of $239.1 million.

CarGurus Stock Performance

Shares of NASDAQ CARG traded down $0.55 during trading hours on Thursday, reaching $37.59. 1,468,952 shares of the stock were exchanged, compared to its average volume of 758,986. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -81.72, a P/E/G ratio of 1.82 and a beta of 1.59. The stock’s fifty day simple moving average is $37.94 and its 200 day simple moving average is $33.58. CarGurus has a 52 week low of $21.18 and a 52 week high of $41.33.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, February 20th. The company reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). CarGurus had a negative net margin of 5.47% and a positive return on equity of 13.96%. Research analysts predict that CarGurus will post 1.25 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on CARG. Royal Bank of Canada lifted their price objective on shares of CarGurus from $30.00 to $42.00 and gave the stock an “outperform” rating in a research note on Monday, November 11th. B. Riley raised their target price on shares of CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, November 11th. DA Davidson boosted their price target on CarGurus from $26.50 to $38.50 and gave the company a “neutral” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. raised their price objective on CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Finally, Needham & Company LLC lifted their price objective on CarGurus from $39.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, January 16th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CarGurus currently has a consensus rating of “Moderate Buy” and an average price target of $38.41.

Insiders Place Their Bets

In other news, COO Samuel Zales sold 20,000 shares of the business’s stock in a transaction on Monday, February 3rd. The stock was sold at an average price of $38.36, for a total transaction of $767,200.00. Following the completion of the transaction, the chief operating officer now owns 400,025 shares of the company’s stock, valued at approximately $15,344,959. The trade was a 4.76 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Zachary Emerson Hallowell sold 4,580 shares of the company’s stock in a transaction on Friday, January 3rd. The stock was sold at an average price of $35.78, for a total value of $163,872.40. Following the sale, the chief executive officer now owns 120,051 shares of the company’s stock, valued at approximately $4,295,424.78. This represents a 3.67 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 59,388 shares of company stock worth $2,204,338 over the last three months. Insiders own 17.20% of the company’s stock.

CarGurus Company Profile

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.