CarGurus (CARG) Set to Announce Quarterly Earnings on Thursday

CarGurus (NASDAQ:CARG) is expected to be announcing its Q3 2026 results after the market closes on Thursday, November 5th. Analysts expect the company to post earnings of $0.6640 per share and revenue of $256.46 million for the quarter. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Investors may visit the company’s upcoming Q3 2026 earnings results page for the latest details on the call scheduled for Thursday, November 5, 2026 at 5:00 PM ET.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. The firm had revenue of $250.97 million for the quarter, compared to analysts’ expectations of $249.85 million. CarGurus had a return on equity of 62.88% and a net margin of 18.06%. CarGurus’s revenue was up 7.2% on a year-over-year basis. During the same quarter last year, the business posted $0.57 EPS. On average, analysts expect CarGurus to post $2.17 EPS for the current fiscal year and $2.63 EPS for the next fiscal year.

CarGurus Trading Up 5.0%

NASDAQ CARG opened at $33.79 on Tuesday. CarGurus has a 1 year low of $26.39 and a 1 year high of $41.22. The company has a market cap of $3.01 billion, a PE ratio of 15.20, a PEG ratio of 1.11 and a beta of 1.22. The stock’s 50-day moving average price is $32.29 and its two-hundred day moving average price is $32.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on CARG shares. B. Riley Financial restated a “buy” rating on shares of CarGurus in a report on Friday, August 7th. Citigroup boosted their target price on shares of CarGurus from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. UBS Group reduced their target price on CarGurus from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday, October 7th. BTIG Research increased their target price on CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Barclays decreased their target price on CarGurus from $41.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, CarGurus currently has an average rating of “Moderate Buy” and a consensus target price of $39.95.

Insider Buying and Selling at CarGurus

In related news, CMO Dafna Sarnoff sold 7,234 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $29.62, for a total transaction of $214,271.08. Following the completion of the sale, the chief marketing officer directly owned 94,884 shares in the company, valued at approximately $2,810,464.08. This trade represents a 7.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Ismail Elshareef sold 2,673 shares of the business’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $29.62, for a total transaction of $79,174.26. Following the transaction, the insider directly owned 127,933 shares in the company, valued at $3,789,375.46. The trade was a 2.05% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 71,982 shares of company stock valued at $2,461,465 in the last 90 days. Corporate insiders own 18.19% of the company’s stock.

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.