CarGurus (CARG) to Release Earnings on Thursday

CarGurus (NASDAQ:CARG) is expected to post its Q1 2026 results after the market closes on Thursday, May 7th. Analysts expect CarGurus to post 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. Individuals can find conference call details on the company’s upcoming Q1 2026 earning report page for the latest details on the call scheduled for Thursday, May 7, 2026 at 5:00 PM ET.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.02. The company had revenue of $209.09 million during the quarter, compared to analysts’ expectations of $239.07 million. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 earnings per share. On average, analysts expect CarGurus to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CarGurus Trading Down 0.7%

Shares of NASDAQ CARG traded down $0.26 during mid-day trading on Wednesday, hitting $37.42. The company had a trading volume of 203,935 shares, compared to its average volume of 1,195,213. The company has a market capitalization of $3.56 billion, a price-to-earnings ratio of 24.14, a P/E/G ratio of 1.38 and a beta of 1.28. CarGurus has a 1 year low of $26.39 and a 1 year high of $39.42. The stock’s 50-day moving average price is $34.21 and its 200-day moving average price is $34.60.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Needham & Company LLC dropped their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. BTIG Research dropped their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 20th. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a research note on Sunday, February 15th. Royal Bank Of Canada dropped their price target on CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a research note on Friday, February 20th. Finally, UBS Group set a $38.00 price target on CarGurus in a research note on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, CarGurus currently has an average rating of “Hold” and a consensus target price of $38.14.

Insiders Place Their Bets

In other news, Director Stephen Kaufer bought 30,766 shares of CarGurus stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average price of $32.50 per share, for a total transaction of $999,895.00. Following the acquisition, the director owned 323,939 shares of the company’s stock, valued at approximately $10,528,017.50. The trade was a 10.49% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Dafna Sarnoff sold 5,445 shares of the company’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total value of $179,902.80. Following the transaction, the chief marketing officer owned 134,369 shares in the company, valued at $4,439,551.76. This trade represents a 3.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 12,852 shares of company stock worth $431,053 in the last quarter. 17.20% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On CarGurus

Several hedge funds and other institutional investors have recently modified their holdings of the company. Eventide Asset Management LLC purchased a new position in shares of CarGurus during the second quarter valued at about $575,000. Jain Global LLC purchased a new position in shares of CarGurus during the fourth quarter valued at about $550,000. Quantinno Capital Management LP grew its position in shares of CarGurus by 35.1% during the second quarter. Quantinno Capital Management LP now owns 15,104 shares of the company’s stock valued at $506,000 after purchasing an additional 3,928 shares in the last quarter. Mercer Global Advisors Inc. ADV grew its position in CarGurus by 35.4% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,936 shares of the company’s stock worth $496,000 after acquiring an additional 3,385 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new position in CarGurus in the second quarter worth about $367,000. 86.90% of the stock is owned by institutional investors.

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.