CarGurus, Inc. (NASDAQ:CARG) Receives $38.14 Average Price Target from Analysts

CarGurus, Inc. (NASDAQ:CARG) has earned a consensus rating of “Hold” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $38.1364.

A number of equities analysts have weighed in on CARG shares. Needham & Company LLC lowered their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. Oppenheimer reduced their price target on CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. DA Davidson dropped their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a report on Friday, February 20th. Royal Bank Of Canada cut their price objective on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a research report on Friday, February 20th. Finally, BTIG Research reduced their target price on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 20th.

CarGurus Trading Down 4.3%

CARG opened at $32.38 on Friday. The firm has a market capitalization of $3.08 billion, a PE ratio of 20.89, a PEG ratio of 1.27 and a beta of 1.37. CarGurus has a twelve month low of $24.65 and a twelve month high of $39.42. The firm’s 50-day moving average price is $32.62 and its 200 day moving average price is $34.85.

CarGurus (NASDAQ:CARG) last issued its earnings results 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 business had revenue of $209.09 million for the quarter, compared to analysts’ expectations of $239.07 million. During the same period in the previous year, the firm posted $0.55 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, analysts predict that CarGurus will post 1.41 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Jennifer Ladd Hanson sold 2,358 shares of CarGurus stock in a transaction that occurred on Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total transaction of $89,839.80. Following the sale, the insider owned 50,466 shares of the company’s stock, valued at approximately $1,922,754.60. The trade was a 4.46% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jason Trevisan sold 16,548 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $39.02, for a total value of $645,702.96. Following the completion of the transaction, the chief executive officer owned 630,483 shares of the company’s stock, valued at $24,601,446.66. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 29,003 shares of company stock worth $1,118,494 over the last quarter. 17.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On CarGurus

Hedge funds have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in CarGurus in the 2nd quarter valued at about $27,000. MAI Capital Management boosted its stake in CarGurus by 661.0% during the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock worth $39,000 after buying an additional 1,018 shares during the period. Farther Finance Advisors LLC increased its position in shares of CarGurus by 71.1% during the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after acquiring an additional 443 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of CarGurus in the 3rd quarter valued at approximately $46,000. Finally, Torren Management LLC acquired a new position in shares of CarGurus in the 4th quarter worth approximately $49,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

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.