CarGurus (CARG) to Release Earnings on Thursday

CarGurus (NASDAQ:CARG) is expected to be posting its Q1 2025 quarterly earnings results after the market closes on Thursday, May 8th. Analysts expect CarGurus to post earnings of $0.42 per share and revenue of $226.72 million for the quarter. CarGurus has set its Q1 2025 guidance at 0.410-0.470 EPS.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.50 by ($0.06). CarGurus had a return on equity of 27.14% and a net margin of 2.34%. The firm had revenue of $228.54 million for the quarter, compared to analyst estimates of $231.72 million. On average, analysts expect CarGurus to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

CarGurus Stock Performance

Shares of CARG opened at $27.95 on Wednesday. CarGurus has a 52-week low of $21.65 and a 52-week high of $41.33. The firm has a market cap of $2.92 billion, a price-to-earnings ratio of 155.29, a PEG ratio of 1.72 and a beta of 1.45. The business’s fifty day moving average is $28.91 and its 200-day moving average is $33.79.

Insider Activity

In related news, COO Samuel Zales sold 10,000 shares of the business’s stock in a transaction dated Wednesday, April 16th. The stock was sold at an average price of $26.84, for a total value of $268,400.00. Following the completion of the sale, the chief operating officer now directly owns 503,382 shares of the company’s stock, valued at $13,510,772.88. The trade was a 1.95 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Zachary Emerson Hallowell sold 1,824 shares of the stock in a transaction that occurred on Thursday, April 17th. The stock was sold at an average price of $26.73, for a total value of $48,755.52. Following the completion of the transaction, the chief executive officer now owns 129,790 shares in the company, valued at approximately $3,469,286.70. The trade was a 1.39 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 31,824 shares of company stock worth $907,856 in the last quarter. 17.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

CARG has been the topic of a number of research analyst reports. UBS Group cut their target price on shares of CarGurus from $36.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, April 10th. JMP Securities cut their price target on CarGurus from $43.00 to $38.00 and set a “market outperform” rating on the stock in a research note on Wednesday, April 9th. JPMorgan Chase & Co. downgraded CarGurus from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $42.00 to $34.00 in a research note on Thursday, March 27th. Oppenheimer cut their target price on CarGurus from $44.00 to $42.00 and set an “outperform” rating on the stock in a report on Monday, February 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $45.00 price target on shares of CarGurus in a research note on Friday, February 21st. Three investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.14.

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.