CarGurus (NASDAQ:CARG) Stock Gets Price Target Cut from UBS Group

CarGurus (NASDAQ:CARG) had its price target decreased by UBS Group from $40.00 to $35.00 in a report released on Wednesday,Benzinga reports. UBS Group currently has a neutral rating on the stock.

A number of other research firms also recently commented on CARG. B. Riley Financial reaffirmed a “buy” rating on shares of CarGurus in a report on Friday, August 7th. Freedom Capital upgraded CarGurus to a “strong-buy” rating in a report on Friday, June 12th. Oppenheimer upped their price target on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Barclays reduced their price objective on CarGurus from $41.00 to $38.00 and set an “overweight” rating on the stock in a research note on Tuesday. Finally, Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, October 3rd. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.95.

CarGurus Stock Performance

Shares of CarGurus stock opened at $28.85 on Wednesday. The firm has a market cap of $2.57 billion, a PE ratio of 15.68, a price-to-earnings-growth ratio of 1.04 and a beta of 1.22. The firm’s 50-day simple moving average is $34.09 and its 200-day simple moving average is $33.45. CarGurus has a 1 year low of $26.39 and a 1 year high of $41.22.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. The business had revenue of $250.97 million for the quarter, compared to analysts’ expectations of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, equities analysts predict that CarGurus will post 2.17 earnings per share for the current year.

Insider Transactions at CarGurus

In other news, General Counsel Javier Zamora sold 6,205 shares of the stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $37.08, for a total transaction of $230,081.40. Following the sale, the general counsel directly owned 80,260 shares in the company, valued at approximately $2,976,040.80. This represents a 7.18% decrease in their position. The sale was disclosed in a document filed 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, CTO Matthew Quinn sold 3,824 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $29.62, for a total value of $113,266.88. Following the completion of the sale, the chief technology officer directly owned 220,193 shares in the company, valued at approximately $6,522,116.66. This trade represents a 1.71% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 68,187 shares of company stock valued at $2,388,447 over the last ninety days. Insiders own 18.19% of the company’s stock.

Institutional Investors Weigh In On CarGurus

Several large investors have recently added to or reduced their stakes in CARG. Public Employees Retirement System of Ohio bought a new stake in CarGurus in the second quarter valued at $43,000. Farther Finance Advisors LLC grew its position in shares of CarGurus by 107.5% during the third quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company’s stock worth $48,000 after acquiring an additional 793 shares during the last quarter. Versant Capital Management Inc grew its position in shares of CarGurus by 20.2% during the third quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock worth $72,000 after acquiring an additional 391 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in shares of CarGurus by 356.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after acquiring an additional 1,697 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of CarGurus by 28.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company’s stock worth $129,000 after acquiring an additional 834 shares during the period. 86.90% of the stock is owned by institutional investors and hedge funds.

About CarGurus

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.