CarGurus (NASDAQ:CARG) Releases FY 2025 Earnings Guidance

CarGurus (NASDAQ:CARG) updated its FY 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 2.190-2.250 for the period, compared to the consensus estimate of 1.980. The company issued revenue guidance of -. CarGurus also updated its Q4 2025 guidance to 0.610-0.670 EPS.

Analyst Ratings Changes

Several brokerages have commented on CARG. Gordon Haskett assumed coverage on CarGurus in a research note on Monday, July 14th. They issued a “hold” rating and a $35.00 target price for the company. Oppenheimer lowered their price target on CarGurus from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. JPMorgan Chase & Co. raised their price target on CarGurus from $38.00 to $43.00 and gave the company a “neutral” rating in a report on Tuesday, October 14th. Wall Street Zen cut CarGurus from a “strong-buy” rating to a “buy” rating in a report on Friday, September 5th. Finally, Citigroup raised their price objective on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $40.05.

CarGurus Trading Down 2.7%

Shares of CARG stock traded down $0.93 during trading hours on Thursday, reaching $33.13. The company’s stock had a trading volume of 2,072,636 shares, compared to its average volume of 1,045,758. The stock has a market capitalization of $3.29 billion, a P/E ratio of 26.93, a P/E/G ratio of 1.62 and a beta of 1.50. CarGurus has a one year low of $24.65 and a one year high of $41.33. The firm’s fifty day simple moving average is $35.85 and its 200 day simple moving average is $33.25.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The firm had revenue of $234.03 million for the quarter, compared to analyst estimates of $232.29 million. During the same period last year, the company earned $0.41 EPS. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. As a group, equities research analysts forecast that CarGurus will post 1.41 earnings per share for the current fiscal year.

Insider Activity at CarGurus

In other CarGurus news, insider Ismail Elshareef sold 1,228 shares of CarGurus stock in a transaction on Monday, November 3rd. The stock was sold at an average price of $34.98, for a total transaction of $42,955.44. Following the completion of the transaction, the insider owned 95,907 shares in the company, valued at approximately $3,354,826.86. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total value of $349,800.00. Following the transaction, the chief operating officer owned 410,259 shares of the company’s stock, valued at $14,350,859.82. The trade was a 2.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 41,226 shares of company stock worth $1,471,482 over the last ninety days. 16.99% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. EverSource Wealth Advisors LLC grew its holdings in shares of CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares during the period. Quantbot Technologies LP bought a new stake in CarGurus during the second quarter valued at about $87,000. Orion Porfolio Solutions LLC bought a new stake in CarGurus during the second quarter valued at about $206,000. Tower Research Capital LLC TRC grew its holdings in CarGurus by 186.6% during the second quarter. Tower Research Capital LLC TRC now owns 10,318 shares of the company’s stock valued at $345,000 after purchasing an additional 6,718 shares during the period. Finally, Nomura Holdings Inc. bought a new stake in CarGurus during the second quarter valued at about $367,000. Hedge funds and other institutional investors own 86.90% 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.