Brokerages Set CarGurus, Inc. (NASDAQ:CARG) PT at $38.14
by Jessica Moore · The Cerbat GemCarGurus, Inc. (NASDAQ:CARG – Get Free Report) has been assigned an average rating of “Hold” from the thirteen ratings firms that are covering the stock, Marketbeat.com reports. Eight equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $38.1364.
Several research analysts have recently issued reports on the stock. DA Davidson reduced their target price on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research note on Friday, February 20th. UBS Group set a $38.00 price objective on shares of CarGurus in a report on Tuesday, February 24th. Jefferies Financial Group raised their price objective on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Royal Bank Of Canada lowered their target price on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, February 20th. Finally, Oppenheimer dropped their target price on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th.
Get Our Latest Research Report on CARG
Insider Buying and Selling
In other CarGurus news, insider Jennifer Ladd Hanson sold 2,499 shares of the firm’s stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total transaction of $88,989.39. Following the transaction, the insider owned 98,191 shares in the company, valued at approximately $3,496,581.51. This trade represents a 2.48% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Stephen Kaufer bought 30,766 shares of the firm’s stock in a transaction dated Tuesday, March 3rd. The shares were bought at an average price of $32.50 per share, with a total value of $999,895.00. Following the completion of the transaction, the director directly owned 323,939 shares in the company, valued at approximately $10,528,017.50. This trade represents a 10.49% increase in their position. The disclosure for this purchase is available in the SEC filing. 16.99% of the stock is owned by insiders.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of CARG. MAI Capital Management increased its stake in CarGurus by 661.0% in the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock valued at $39,000 after purchasing an additional 1,018 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares during the period. Brown Brothers Harriman & Co. bought a new position in shares of CarGurus during the third quarter worth $46,000. Torren Management LLC acquired a new position in shares of CarGurus in the 4th quarter valued at $49,000. Finally, First Horizon Corp acquired a new position in shares of CarGurus in the 3rd quarter valued at $51,000. Institutional investors own 86.90% of the company’s stock.
CarGurus Price Performance
CARG stock opened at $33.33 on Tuesday. CarGurus has a twelve month low of $24.65 and a twelve month high of $39.42. The company has a market cap of $3.17 billion, a P/E ratio of 21.50, a PEG ratio of 1.24 and a beta of 1.32. The business has a fifty day moving average of $31.61 and a 200-day moving average of $34.63.
CarGurus (NASDAQ:CARG – Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.02. The business had revenue of $209.09 million for the quarter, compared to analysts’ expectations of $239.07 million. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the business earned $0.55 earnings per share. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, equities research analysts anticipate that CarGurus will post 1.41 earnings per share for the current fiscal year.
About CarGurus
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.