William Blair Estimates CarGurus' Q1 Earnings (NASDAQ:CARG)

CarGurus, Inc. (NASDAQ:CARG - Free Report) - William Blair dropped their Q1 2025 earnings estimates for CarGurus in a report released on Monday, November 18th. William Blair analyst R. Schackart now anticipates that the company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.31. The consensus estimate for CarGurus' current full-year earnings is $1.18 per share. William Blair also issued estimates for CarGurus' Q2 2025 earnings at $0.31 EPS.

A number of other research analysts have also recently issued reports on the stock. Royal Bank of Canada raised their price target on shares of CarGurus from $30.00 to $42.00 and gave the stock an "outperform" rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their target price on shares of CarGurus from $36.00 to $40.00 and gave the stock an "overweight" rating in a report on Friday, November 8th. Jefferies Financial Group raised their target price on shares of CarGurus from $35.00 to $38.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. BTIG Research raised their target price on shares of CarGurus from $30.00 to $35.00 and gave the stock a "buy" rating in a report on Tuesday, October 22nd. Finally, Oppenheimer raised their target price on shares of CarGurus from $32.00 to $44.00 and gave the stock an "outperform" rating in a report on Friday, November 8th. Two research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $37.41.

CarGurus Trading Down 0.8 %

NASDAQ CARG opened at $35.16 on Thursday. The company has a fifty day simple moving average of $31.43 and a two-hundred day simple moving average of $27.60. The stock has a market cap of $3.65 billion, a P/E ratio of -76.43, a P/E/G ratio of 1.95 and a beta of 1.55. CarGurus has a 12-month low of $20.63 and a 12-month high of $37.94.

Institutional Trading of CarGurus

Several institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of CarGurus by 3.8% in the third quarter. Geode Capital Management LLC now owns 2,055,145 shares of the company's stock valued at $61,728,000 after purchasing an additional 74,730 shares during the period. Barclays PLC boosted its position in CarGurus by 252.2% during the third quarter. Barclays PLC now owns 169,461 shares of the company's stock worth $5,089,000 after acquiring an additional 121,341 shares during the last quarter. Zacks Investment Management acquired a new position in CarGurus during the third quarter worth about $958,000. State Street Corp boosted its position in CarGurus by 4.8% during the third quarter. State Street Corp now owns 3,298,894 shares of the company's stock worth $99,066,000 after acquiring an additional 151,862 shares during the last quarter. Finally, Quarry LP boosted its position in CarGurus by 155.8% during the third quarter. Quarry LP now owns 1,499 shares of the company's stock worth $45,000 after acquiring an additional 913 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company's stock.

Insider Activity at CarGurus

In other news, CMO Dafna Sarnoff sold 3,107 shares of CarGurus stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $28.42, for a total value of $88,300.94. Following the sale, the chief marketing officer now owns 128,952 shares in the company, valued at $3,664,815.84. This trade represents a 2.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Samuel Zales sold 25,168 shares of CarGurus stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $31.62, for a total transaction of $795,812.16. Following the completion of the sale, the chief operating officer now owns 449,821 shares in the company, valued at approximately $14,223,340.02. This trade represents a 5.30 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,065 shares of company stock worth $2,356,336. 17.20% of the stock is owned by company insiders.

CarGurus Company Profile

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.

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