Research Analysts Set Expectations for CarGurus Q3 Earnings

CarGurus, Inc. (NASDAQ:CARG - Free Report) - Analysts at William Blair boosted their Q3 2025 earnings per share estimates for shares of CarGurus in a research report issued to clients and investors on Monday, November 18th. William Blair analyst R. Schackart now expects that the company will earn $0.35 per share for the quarter, up from their prior estimate of $0.34. The consensus estimate for CarGurus' current full-year earnings is $1.18 per share. William Blair also issued estimates for CarGurus' Q4 2025 earnings at $0.39 EPS.

Several other equities research analysts have also issued reports on CARG. JPMorgan Chase & Co. raised their target price on CarGurus from $36.00 to $40.00 and gave the company an "overweight" rating in a research report on Friday, November 8th. BTIG Research lifted their price objective on CarGurus from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. B. Riley lifted their price objective on CarGurus from $30.00 to $40.00 and gave the stock a "buy" rating in a report on Monday, November 11th. Citigroup raised CarGurus from a "hold" rating to a "strong-buy" rating in a report on Monday, November 11th. Finally, Jefferies Financial Group raised their target price on CarGurus from $35.00 to $38.00 and gave the stock a "buy" rating in a research note on Tuesday, October 22nd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $37.41.

CarGurus Stock Down 0.0 %

NASDAQ CARG traded down $0.01 on Wednesday, reaching $35.44. The company had a trading volume of 374,861 shares, compared to its average volume of 823,318. CarGurus has a 52-week low of $20.63 and a 52-week high of $37.94. The stock has a market capitalization of $3.68 billion, a P/E ratio of -77.06, a P/E/G ratio of 1.95 and a beta of 1.55. The company's fifty day moving average is $31.43 and its 200 day moving average is $27.60.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CARG. GAMMA Investing LLC increased its position in CarGurus by 19.0% in the third quarter. GAMMA Investing LLC now owns 2,459 shares of the company's stock worth $74,000 after buying an additional 393 shares in the last quarter. Lazard Asset Management LLC increased its position in CarGurus by 2.2% in the first quarter. Lazard Asset Management LLC now owns 19,510 shares of the company's stock worth $450,000 after buying an additional 420 shares in the last quarter. Signaturefd LLC boosted its stake in shares of CarGurus by 81.3% in the third quarter. Signaturefd LLC now owns 959 shares of the company's stock worth $29,000 after acquiring an additional 430 shares during the period. Raymond James Trust N.A. boosted its stake in shares of CarGurus by 1.9% in the second quarter. Raymond James Trust N.A. now owns 24,566 shares of the company's stock worth $644,000 after acquiring an additional 450 shares during the period. Finally, Nisa Investment Advisors LLC boosted its stake in shares of CarGurus by 43.5% in the second quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company's stock worth $41,000 after acquiring an additional 479 shares during the period. 86.90% of the stock is owned by institutional investors.

Insider Activity

In other CarGurus news, COO Samuel Zales sold 25,168 shares of the business's stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of $31.62, for a total value of $795,812.16. Following the sale, the chief operating officer now directly owns 449,821 shares of the company's stock, valued at approximately $14,223,340.02. The trade was a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Dafna Sarnoff sold 4,127 shares of the business's stock in a transaction on Tuesday, October 1st. The stock was sold at an average price of $29.94, for a total value of $123,562.38. Following the completion of the sale, the chief marketing officer now directly owns 119,330 shares in the company, valued at $3,572,740.20. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 35,897 shares of company stock worth $1,110,533. 17.20% of the stock is currently owned by insiders.

About CarGurus

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.