CarGurus (NASDAQ:CARG) Releases Q1 2025 Earnings Guidance

CarGurus (NASDAQ:CARG) updated its first quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.410-0.470 for the period, compared to the consensus EPS estimate of 0.420. The company issued revenue guidance of $216.0 million-$236.0 million, compared to the consensus revenue estimate of $239.1 million.

CarGurus Trading Down 17.1 %

Shares of CARG opened at $31.15 on Friday. CarGurus has a 1-year low of $21.18 and a 1-year high of $41.33. The stock has a market capitalization of $3.23 billion, a P/E ratio of -67.72, a P/E/G ratio of 1.74 and a beta of 1.59. The business’s 50-day moving average price is $37.81 and its 200 day moving average price is $33.67.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.06). The firm had revenue of $228.54 million during the quarter, compared to analysts’ expectations of $231.72 million. CarGurus had a positive return on equity of 13.96% and a negative net margin of 5.47%. On average, research analysts predict that CarGurus will post 1.25 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. JMP Securities reiterated a “market outperform” rating and issued a $46.00 target price on shares of CarGurus in a report on Monday, December 16th. JPMorgan Chase & Co. upped their price objective on shares of CarGurus from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Friday. B. Riley increased their target price on shares of CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Oppenheimer increased their price objective on CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a report on Friday, November 8th. Finally, Royal Bank of Canada boosted their target price on CarGurus from $30.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, November 11th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.59.

Insider Buying and Selling

In other CarGurus news, CMO Dafna Sarnoff sold 10,570 shares of the stock in a transaction on Friday, January 3rd. The shares were sold at an average price of $35.78, for a total value of $378,194.60. Following the completion of the sale, the chief marketing officer now directly owns 95,261 shares of the company’s stock, valued at $3,408,438.58. This represents a 9.99 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, COO Samuel Zales sold 20,000 shares of the stock in a transaction on Monday, February 3rd. The shares were sold at an average price of $38.36, for a total transaction of $767,200.00. Following the completion of the sale, the chief operating officer now directly owns 400,025 shares of the company’s stock, valued at approximately $15,344,959. This trade represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 59,388 shares of company stock valued at $2,204,338. Company insiders own 17.20% of the company’s stock.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.