Brokerages Set CarGurus, Inc. (NASDAQ:CARG) Target Price at $38.46

Shares of CarGurus, Inc. (NASDAQ:CARG) have been given an average rating of “Hold” by the thirteen brokerages that are presently covering the firm, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $38.4583.

Several equities analysts have recently weighed in on the company. Gordon Haskett assumed coverage on CarGurus in a research report on Monday, July 14th. They issued a “hold” rating and a $35.00 target price on the stock. Citigroup cut their price target on CarGurus from $40.00 to $37.00 and set a “neutral” rating for the company in a report on Thursday, July 3rd. Oppenheimer cut their price target on CarGurus from $42.00 to $40.00 and set an “outperform” rating for the company in a report on Tuesday, August 12th. Wall Street Zen cut CarGurus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, JMP Securities reaffirmed a “market perform” rating and issued a $38.00 price target on shares of CarGurus in a report on Wednesday, July 2nd.

CarGurus Price Performance

NASDAQ CARG opened at $37.57 on Friday. The company has a market cap of $3.73 billion, a PE ratio of 30.54, a price-to-earnings-growth ratio of 1.74 and a beta of 1.54. The stock’s 50 day simple moving average is $33.69 and its 200-day simple moving average is $31.59. CarGurus has a 1-year low of $24.65 and a 1-year high of $41.33.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $234.03 million for the quarter, compared to the consensus estimate of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.41 earnings per share. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, equities research analysts anticipate that CarGurus will post 1.41 EPS for the current fiscal year.

Insider Transactions at CarGurus

In related news, COO Samuel Zales sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total value of $360,800.00. Following the completion of the sale, the chief operating officer owned 441,821 shares of the company’s stock, valued at approximately $15,940,901.68. This trade represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Javier Zamora sold 6,154 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $35.00, for a total value of $215,390.00. Following the completion of the sale, the general counsel directly owned 92,807 shares of the company’s stock, valued at approximately $3,248,245. This represents a 6.22% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,538 shares of company stock valued at $1,427,877. 16.99% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On CarGurus

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CARG. Invesco Ltd. increased its stake in CarGurus by 340.5% during the first quarter. Invesco Ltd. now owns 1,606,869 shares of the company’s stock worth $46,808,000 after acquiring an additional 1,242,076 shares during the last quarter. American Century Companies Inc. increased its stake in CarGurus by 547.9% during the first quarter. American Century Companies Inc. now owns 1,398,341 shares of the company’s stock worth $40,734,000 after acquiring an additional 1,182,499 shares during the last quarter. Wellington Management Group LLP increased its stake in CarGurus by 12.7% during the first quarter. Wellington Management Group LLP now owns 8,052,180 shares of the company’s stock worth $234,560,000 after acquiring an additional 906,830 shares during the last quarter. Boston Partners increased its stake in CarGurus by 1,641.2% during the first quarter. Boston Partners now owns 878,556 shares of the company’s stock worth $25,363,000 after acquiring an additional 828,099 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in CarGurus during the first quarter worth $21,884,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

About CarGurus

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.