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

CarGurus, Inc. (NASDAQ:CARG) has earned a consensus rating of “Moderate Buy” from the sixteen brokerages that are currently covering the stock, MarketBeat reports. Eight investment analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $37.7917.

Several research firms recently weighed in on CARG. UBS Group set a $35.00 target price on shares of CarGurus in a report on Thursday, May 28th. Royal Bank Of Canada boosted their price target on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Piper Sandler restated a “sector weight” rating on shares of CarGurus in a research note on Friday. Oppenheimer dropped their price target on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research note on Tuesday, February 24th. Finally, Barclays initiated coverage on shares of CarGurus in a research note on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price target for the company.

CarGurus Stock Performance

CarGurus stock opened at $27.17 on Friday. CarGurus has a fifty-two week low of $26.39 and a fifty-two week high of $39.42. The firm has a 50 day moving average price of $32.45 and a 200 day moving average price of $33.55. The company has a market capitalization of $2.45 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 0.99 and a beta of 1.20.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share 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 firm had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. During the same quarter last year, the firm earned $0.46 EPS. The firm’s revenue for the quarter 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, equities research analysts forecast that CarGurus will post 2.11 earnings per share for the current year.

Insider Buying and Selling at CarGurus

In other CarGurus news, CTO Matthew Todd Quinn sold 4,341 shares of the business’s stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total value of $143,426.64. Following the completion of the transaction, the chief technology officer owned 246,098 shares in the company, valued at $8,131,077.92. The trade was a 1.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dafna Sarnoff sold 5,445 shares of the business’s stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total transaction of $179,902.80. Following the completion of the transaction, the chief marketing officer owned 134,369 shares of the company’s stock, valued at approximately $4,439,551.76. This trade represents a 3.89% 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. In the last three months, insiders have sold 20,924 shares of company stock worth $669,419. 16.99% of the stock is currently owned by insiders.

Hedge Funds Weigh In On CarGurus

A number of institutional investors and hedge funds have recently modified their holdings of CARG. Brown Brothers Harriman & Co. acquired a new position in shares of CarGurus during the third quarter worth $46,000. Torren Management LLC acquired a new position in shares of CarGurus during the fourth quarter worth $49,000. EverSource Wealth Advisors LLC grew its stake in shares of CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after purchasing an additional 1,362 shares in the last quarter. Clearstead Advisors LLC grew its stake in shares of CarGurus by 321.2% during the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake 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 worth $83,000 after purchasing an additional 1,697 shares in the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.