CarGurus, Inc. (NASDAQ:CARG) Given Average Recommendation of “Hold” by Brokerages

Shares of CarGurus, Inc. (NASDAQ:CARG) have been given an average recommendation of “Hold” by the thirteen brokerages that are covering the firm, MarketBeat Ratings reports. Eight research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $40.4091.

CARG has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research note on Monday, December 22nd. Citigroup lifted their price target on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 28th. BTIG Research reissued a “buy” rating and set a $39.00 price objective on shares of CarGurus in a report on Friday, September 5th. DA Davidson set a $37.50 price objective on shares of CarGurus in a research report on Monday, November 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th.

Insider Transactions at CarGurus

In other news, insider Jennifer Ladd Hanson sold 9,998 shares of CarGurus stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $36.88, for a total value of $368,726.24. Following the completion of the sale, the insider directly owned 54,807 shares of the company’s stock, valued at approximately $2,021,282.16. This trade represents a 15.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ismail Elshareef sold 1,228 shares of the company’s stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total value of $42,955.44. Following the transaction, the insider directly owned 95,907 shares in the company, valued at $3,354,826.86. This trade represents a 1.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 51,226 shares of company stock worth $1,850,682 in the last quarter. 16.99% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On CarGurus

A number of institutional investors and hedge funds have recently modified their holdings of the business. CIBC Bancorp USA Inc. bought a new position in CarGurus in the third quarter valued at approximately $327,000. Danske Bank A S acquired a new position in shares of CarGurus in the 3rd quarter valued at $1,009,000. Hancock Whitney Corp bought a new position in shares of CarGurus in the 3rd quarter worth $697,000. Jacobs Levy Equity Management Inc. bought a new position in shares of CarGurus in the 3rd quarter worth $12,175,000. Finally, Caxton Associates LLP acquired a new stake in shares of CarGurus during the third quarter worth $663,000. 86.90% of the stock is owned by institutional investors.

CarGurus Trading Down 0.6%

Shares of CarGurus stock opened at $38.64 on Friday. The stock has a market capitalization of $3.69 billion, a price-to-earnings ratio of 26.29, a P/E/G ratio of 1.79 and a beta of 1.42. CarGurus has a 1-year low of $24.65 and a 1-year high of $41.33. The firm’s 50-day moving average price is $36.09 and its two-hundred day moving average price is $34.78.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The company had revenue of $238.70 million during the quarter, compared to analysts’ expectations of $234.57 million. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. CarGurus’s quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 earnings per share. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. As a group, equities research analysts predict that CarGurus will post 1.41 EPS for the current year.

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.