CarGurus, Inc. (NASDAQ:CARG) Given Consensus Rating of “Hold” by Analysts

Shares of CarGurus, Inc. (NASDAQ:CARG) have received a consensus rating of “Hold” from the thirteen ratings firms that are presently covering the firm, Marketbeat.com reports. Eight analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $38.2273.

CARG has been the subject of a number of recent research reports. Weiss Ratings cut shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, May 9th. UBS Group lifted their target price on shares of CarGurus from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. JPMorgan Chase & Co. lifted their target price on shares of CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Finally, DA Davidson decreased their target price 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.

Insider Activity

In other news, insider Jennifer Ladd Hanson sold 2,499 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $35.61, for a total transaction of $88,989.39. Following the completion of the transaction, the insider directly owned 98,191 shares of the company’s stock, valued at $3,496,581.51. The trade was a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $179,902.80. Following the transaction, the chief marketing officer directly owned 134,369 shares of the company’s stock, valued at $4,439,551.76. The trade was a 3.89% decrease in their ownership of the stock. 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 sold a total of 12,852 shares of company stock valued at $431,053 over the last ninety days. 17.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. purchased a new position in shares of CarGurus during the third quarter valued at approximately $46,000. Torren Management LLC purchased a new position in shares of CarGurus during the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC raised its holdings 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 valued at $55,000 after purchasing an additional 1,362 shares during the last quarter. Clearstead Advisors LLC raised its holdings in shares of CarGurus by 321.2% during the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings 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 valued at $83,000 after purchasing an additional 1,697 shares during the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Price Performance

Shares of NASDAQ CARG opened at $28.39 on Wednesday. CarGurus has a 1 year low of $26.39 and a 1 year high of $39.42. The stock has a market cap of $2.56 billion, a P/E ratio of 18.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.28. The firm has a 50-day moving average of $34.36 and a 200 day moving average of $34.35.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The company had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same period last year, the company posted $0.46 EPS. CarGurus’s revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Research analysts expect that CarGurus will post 2.06 earnings per share for the current fiscal year.

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.