CarGurus, Inc. (NASDAQ:CARG) Receives Average Recommendation of “Hold” from Brokerages

Shares of CarGurus, Inc. (NASDAQ:CARG) have been given an average rating of “Hold” by the thirteen analysts that are currently covering the stock, MarketBeat.com reports. Eight analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $38.1364.

Several analysts recently issued reports on the company. BTIG Research cut their target price on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Needham & Company LLC dropped their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a report on Thursday, February 5th. Oppenheimer cut their price objective on CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Jefferies Financial Group boosted their target price on CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Finally, Royal Bank Of Canada decreased their target price on CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, February 20th.

Insider Buying and Selling at CarGurus

In other news, insider Ismail Elshareef sold 1,645 shares of CarGurus stock in a transaction dated Monday, February 2nd. The shares were sold at an average price of $32.21, for a total transaction of $52,985.45. Following the sale, the insider owned 91,822 shares of the company’s stock, valued at approximately $2,957,586.62. The trade was a 1.76% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Jennifer Ladd Hanson sold 2,358 shares of the business’s stock in a transaction dated Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total transaction of $89,839.80. Following the transaction, the insider owned 50,466 shares in the company, valued at $1,922,754.60. This represents a 4.46% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 17.20% of the company’s stock.

Institutional Trading of CarGurus

Large investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. lifted its position in CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after acquiring an additional 1,697 shares during the period. Pacer Advisors Inc. grew its holdings in CarGurus by 5,046.6% in the fourth quarter. Pacer Advisors Inc. now owns 260,727 shares of the company’s stock worth $9,999,000 after purchasing an additional 255,661 shares during the period. Invesco Ltd. increased its stake in shares of CarGurus by 1.5% during the fourth quarter. Invesco Ltd. now owns 1,702,402 shares of the company’s stock valued at $65,287,000 after purchasing an additional 24,788 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its stake in shares of CarGurus by 35.4% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 12,936 shares of the company’s stock valued at $496,000 after purchasing an additional 3,385 shares in the last quarter. Finally, Vident Advisory LLC lifted its holdings in shares of CarGurus by 1.4% during the fourth quarter. Vident Advisory LLC now owns 155,205 shares of the company’s stock valued at $5,952,000 after purchasing an additional 2,207 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

CarGurus Stock Up 0.8%

Shares of NASDAQ CARG opened at $35.28 on Tuesday. The firm’s fifty day moving average is $31.63 and its 200 day moving average is $34.69. CarGurus has a 52 week low of $24.65 and a 52 week high of $39.42. The company has a market cap of $3.36 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 1.31 and a beta of 1.37.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The business had revenue of $209.09 million for the quarter, compared to analyst estimates of $239.07 million. During the same quarter last year, the firm earned $0.55 EPS. 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 research analysts anticipate that CarGurus will post 1.41 earnings per share for the current 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.