CarGurus, Inc. (NASDAQ:CARG) Receives Consensus Rating of “Moderate Buy” from Brokerages

CarGurus, Inc. (NASDAQ:CARG) has been given a consensus rating of “Moderate Buy” by the fourteen analysts that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $38.05.

A number of analysts have recently issued reports on CARG shares. Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. Royal Bank Of Canada increased their price target on CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. UBS Group set a $35.00 price target on CarGurus in a report on Thursday, May 28th. Needham & Company LLC lifted their price objective on shares of CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Barclays initiated coverage on shares of CarGurus in a report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective on the stock.

CarGurus Price Performance

Shares of CARG opened at $35.66 on Thursday. The firm has a 50-day moving average of $30.95 and a 200-day moving average of $32.83. CarGurus has a one year low of $26.39 and a one year high of $39.42. The company has a market cap of $3.22 billion, a PE ratio of 23.46, a price-to-earnings-growth ratio of 1.24 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The company had revenue of $243.56 million for the quarter, compared to analysts’ expectations of $243.10 million. During the same period in the prior year, the firm earned $0.46 EPS. CarGurus’s quarterly revenue was up 8.2% compared to the same quarter last year. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Analysts expect that CarGurus will post 2.11 earnings per share for the current year.

Insider Transactions at CarGurus

In other news, General Counsel Javier Zamora sold 3,533 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $36.06, for a total transaction of $127,399.98. Following the completion of the sale, the general counsel owned 88,345 shares in the company, valued at $3,185,720.70. The trade was a 3.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total value of $86,365.44. Following the completion of the transaction, the insider directly owned 92,894 shares in the company, valued at $3,210,416.64. The trade was a 2.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 25,559 shares of company stock worth $841,568. 18.19% of the stock is owned by insiders.

Institutional Trading of CarGurus

Several hedge funds have recently added to or reduced their stakes in CARG. Royal Bank of Canada boosted its stake in CarGurus by 22.6% in the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after purchasing an additional 13,834 shares during the period. AQR Capital Management LLC increased its position in CarGurus by 25.4% during the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock worth $756,000 after buying an additional 5,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CarGurus by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock worth $1,889,000 after buying an additional 1,890 shares during the period. Jane Street Group LLC lifted its holdings in shares of CarGurus by 113.0% during the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after buying an additional 65,420 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new stake in shares of CarGurus during the second quarter worth $87,000. 86.90% of the stock is owned by institutional investors and hedge funds.

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.