CarGurus, Inc. (NASDAQ:CARG) Stock Has Average Target Price of $39.95 According to Analysts

Shares of CarGurus, Inc. (NASDAQ:CARG) have received a consensus recommendation of “Moderate Buy” from the fourteen research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $39.95.

A number of research analysts have recently issued reports on CARG shares. B. Riley Financial reiterated a “buy” rating on shares of CarGurus in a report on Friday, August 7th. Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. Weiss Ratings raised shares of CarGurus from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, October 8th. UBS Group dropped their price target on shares of CarGurus from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Finally, Needham & Company LLC lifted their price target on CarGurus from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 7th.

Insider Activity at CarGurus

In other CarGurus news, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $34.62, for a total transaction of $346,200.00. Following the transaction, the chief operating officer owned 455,349 shares of the company’s stock, valued at $15,764,182.38. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Javier Zamora sold 6,205 shares of the stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $37.08, for a total value of $230,081.40. Following the sale, the general counsel directly owned 80,260 shares of the company’s stock, valued at $2,976,040.80. The trade was a 7.18% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 78,187 shares of company stock valued at $2,691,547 over the last three months. Insiders own 18.19% of the company’s stock.

Institutional Investors Weigh In On CarGurus

Several large investors have recently made changes to their positions in the business. Assenagon Asset Management S.A. raised its stake in shares of CarGurus by 159.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 351,886 shares of the company’s stock worth $10,965,000 after purchasing an additional 216,304 shares during the period. GAMMA Investing LLC boosted its holdings in shares of CarGurus by 12.9% in the 3rd quarter. GAMMA Investing LLC now owns 5,108 shares of the company’s stock worth $159,000 after buying an additional 585 shares during the last quarter. Farther Finance Advisors LLC grew its position in CarGurus by 107.5% during the third quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company’s stock valued at $48,000 after buying an additional 793 shares during the period. Congress Asset Management Co. grew its position in CarGurus by 7.6% during the third quarter. Congress Asset Management Co. now owns 2,125,686 shares of the company’s stock valued at $66,236,000 after buying an additional 149,338 shares during the period. Finally, Versant Capital Management Inc grew its position in CarGurus by 20.2% during the third quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock valued at $72,000 after buying an additional 391 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Trading Down 0.1%

NASDAQ CARG traded down $0.02 during mid-day trading on Friday, hitting $30.28. The company’s stock had a trading volume of 1,009,238 shares, compared to its average volume of 1,727,869. The company’s 50 day simple moving average is $33.34 and its 200 day simple moving average is $33.26. CarGurus has a twelve month low of $26.39 and a twelve month high of $41.22. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 16.46, a PEG ratio of 1.08 and a beta of 1.22.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business had revenue of $250.97 million during the quarter, compared to analyst estimates of $249.85 million. During the same quarter in the previous year, the business posted $0.57 EPS. CarGurus’s quarterly revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, research analysts forecast that CarGurus will post 2.17 EPS for the current year.

About CarGurus

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.