CarGurus (NASDAQ:CARG) Given New $38.00 Price Target at Oppenheimer

CarGurus (NASDAQ:CARG) had its price target decreased by investment analysts at Oppenheimer from $40.00 to $38.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 32.84% from the company’s previous close.

A number of other research analysts have also issued reports on CARG. Royal Bank Of Canada decreased their target price on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research report on Friday. BTIG Research reduced their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Friday. Weiss Ratings restated a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Jefferies Financial Group lifted their target price on CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, December 11th. Finally, DA Davidson reduced their price target on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research note on Friday. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, CarGurus has a consensus rating of “Hold” and a consensus price target of $38.32.

CarGurus Price Performance

CARG opened at $28.61 on Tuesday. The business has a fifty day simple moving average of $34.06 and a 200 day simple moving average of $34.82. CarGurus has a 1 year low of $24.65 and a 1 year high of $39.42. The company has a market capitalization of $2.73 billion, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.13 and a beta of 1.35.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The company had revenue of $209.09 million during the quarter, compared to the consensus estimate of $239.07 million. During the same quarter last year, the firm earned $0.55 earnings per share. The company’s revenue was up 14.7% on a year-over-year basis. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Equities analysts anticipate that CarGurus will post 1.41 earnings per share for the current fiscal year.

Insider Activity at CarGurus

In other CarGurus news, CEO Jason Trevisan sold 16,548 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total transaction of $645,702.96. Following the completion of the sale, the chief executive officer owned 630,483 shares of the company’s stock, valued at approximately $24,601,446.66. This represents a 2.56% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Ismail Elshareef sold 1,645 shares of the stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $32.21, for a total transaction of $52,985.45. Following the transaction, the insider directly owned 91,822 shares in the company, valued at $2,957,586.62. This trade represents a 1.76% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 49,003 shares of company stock worth $1,858,494 over the last ninety days. Insiders own 16.99% of the company’s stock.

Institutional Investors Weigh In On CarGurus

Several large investors have recently added to or reduced their stakes in CARG. Congress Asset Management Co. bought a new position in shares of CarGurus in the third quarter worth approximately $70,856,000. Voya Investment Management LLC boosted its position in CarGurus by 82.7% during the 3rd quarter. Voya Investment Management LLC now owns 141,559 shares of the company’s stock valued at $5,270,000 after buying an additional 64,094 shares during the period. Federated Hermes Inc. grew its holdings in CarGurus by 11.5% in the 3rd quarter. Federated Hermes Inc. now owns 465,978 shares of the company’s stock worth $17,348,000 after acquiring an additional 48,177 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in CarGurus in the 2nd quarter worth $379,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in shares of CarGurus in the third quarter valued at about $1,833,000. Institutional investors own 86.90% of the company’s stock.

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.