CarGurus (NASDAQ:CARG – Get Free Report) had its price objective reduced by equities researchers at Royal Bank Of Canada from $42.00 to $41.00 in a research report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Royal Bank Of Canada‘s price objective points to a potential upside of 16.03% from the stock’s previous close.
CARG has been the subject of a number of other research reports. BTIG Research raised their target price on shares of CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Barclays cut their price objective on CarGurus from $41.00 to $38.00 and set an “overweight” rating for the company in a report on Tuesday, October 6th. Oppenheimer raised their target price on shares of CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. UBS Group dropped their price target on shares of CarGurus from $40.00 to $35.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 7th. Finally, Citigroup lifted their price objective on shares of CarGurus from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $39.85.
View Our Latest Analysis on CarGurus
CarGurus Price Performance
Shares of NASDAQ CARG traded down $0.81 during midday trading on Friday, reaching $35.34. 1,075,262 shares of the stock were exchanged, compared to its average volume of 1,275,890. CarGurus has a 12 month low of $26.39 and a 12 month high of $41.22. The business has a 50-day simple moving average of $32.22 and a two-hundred day simple moving average of $32.85. The company has a market capitalization of $3.15 billion, a price-to-earnings ratio of 19.32, a P/E/G ratio of 1.30 and a beta of 1.22.
CarGurus (NASDAQ:CARG – Get Free Report) last announced its earnings results on Thursday, November 5th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.66 by $0.04. The firm had revenue of $258.37 million for the quarter, compared to the consensus estimate of $256.46 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.57 EPS. Equities research analysts expect that CarGurus will post 2.17 earnings per share for the current fiscal year.
Insider Transactions at CarGurus
In other CarGurus news, insider Ismail Elshareef sold 2,673 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $29.62, for a total transaction of $79,174.26. Following the completion of the transaction, the insider owned 127,933 shares of the company’s stock, valued at approximately $3,789,375.46. The trade was a 2.05% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CMO Dafna Sarnoff sold 17,151 shares of the company’s stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $37.00, for a total transaction of $634,587.00. Following the transaction, the chief marketing officer owned 109,668 shares of the company’s stock, valued at approximately $4,057,716. This represents a 13.52% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 82,846 shares of company stock valued at $2,803,095. Company insiders own 18.19% of the company’s stock.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of CARG. Versant Capital Management Inc boosted its stake in CarGurus by 20.2% during the 3rd quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock valued at $72,000 after purchasing an additional 391 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in CarGurus by 1.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock worth $829,000 after buying an additional 459 shares during the last quarter. Ethic Inc. raised its holdings in shares of CarGurus by 4.5% in the 3rd quarter. Ethic Inc. now owns 10,762 shares of the company’s stock worth $335,000 after purchasing an additional 467 shares during the period. Choreo LLC grew its stake in shares of CarGurus by 3.4% during the 3rd quarter. Choreo LLC now owns 17,688 shares of the company’s stock worth $551,000 after acquiring an additional 576 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of CarGurus by 12.9% during the 3rd quarter. GAMMA Investing LLC now owns 5,108 shares of the company’s stock worth $159,000 after acquiring an additional 585 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.
CarGurus News Summary
Here are the key news stories impacting CarGurus this week:
- Positive Sentiment: Q3 revenue increased 12% year over year to $258 million, at the high end of company guidance and above the $256.5 million consensus. Adjusted EPS of $0.70 also topped the $0.66 estimate. CarGurus Announces Third Quarter 2026 Results
- Positive Sentiment: Operating cash flow was $80.8 million and free cash flow was $73.9 million. The board also authorized a $250 million share-repurchase program, which could support per-share value. CarGurus Announces Third Quarter 2026 Results
- Positive Sentiment: Paying U.S. dealers using CarGurus’ non-listings products grew 16% year over year, suggesting continued traction beyond its core listings business. CarGurus: 3 Key Takeaways for Long-Term Investors
- Negative Sentiment: Despite the quarterly beat, CarGurus’ revenue guidance for the next quarter was reported as slightly below expectations, a potential constraint on near-term investor enthusiasm. CarGurus Q3 sales beat estimates but quarterly revenue guidance slightly misses expectations
CarGurus Company Profile
CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.
The company also offers tools intended to support automotive retailers’ online operations, including inventory merchandising, lead generation and digital retailing capabilities.
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