CarGurus (CARG) Expected to Post Quarterly Earnings on Thursday

CarGurus (NASDAQ:CARG) will likely be posting its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect the company to announce earnings of $0.6640 per share and revenue of $256.46 million for the quarter. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Individuals are encouraged to explore the company’s upcoming Q3 2026 earnings report for the latest details on the call scheduled for Thursday, November 5, 2026 at 5:00 PM ET.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $250.97 million during the quarter, compared to analysts’ expectations of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The firm’s revenue for the quarter was up 7.2% on a year-over-year basis. During the same quarter last year, the company posted $0.57 EPS. On average, analysts expect CarGurus to post $2.17 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.

CarGurus Stock Up 1.2%

Shares of CarGurus stock opened at $31.32 on Thursday. CarGurus has a 12-month low of $26.39 and a 12-month high of $41.22. The stock has a market capitalization of $2.79 billion, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 1.12 and a beta of 1.22. The company has a 50-day simple moving average of $32.54 and a 200 day simple moving average of $32.91.

Insider Buying and Selling at CarGurus

In other CarGurus news, General Counsel Javier Zamora sold 6,205 shares of the firm’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $37.08, for a total value of $230,081.40. Following the completion of the sale, the general counsel owned 80,260 shares in the company, valued at approximately $2,976,040.80. This trade represents a 7.18% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Greg M. Schwartz sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $36.07, for a total transaction of $360,700.00. Following the completion of the transaction, the director directly owned 8,716 shares of the company’s stock, valued at approximately $314,386.12. This represents a 53.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 78,187 shares of company stock worth $2,691,547 over the last quarter. Corporate insiders own 18.19% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. BTIG Research upped their price objective on shares of CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Wall Street Zen cut shares of CarGurus from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. B. Riley Financial reissued a “buy” rating on shares of CarGurus in a report on Friday, August 7th. Weiss Ratings lowered CarGurus from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Finally, Barclays decreased their price target on CarGurus from $41.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, CarGurus currently has an average rating of “Moderate Buy” and an average target price of $39.95.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.

The company also offers tools intended to support automotive retailers’ online operations, including inventory merchandising, lead generation and digital retailing capabilities.