CarGurus (NASDAQ:CARG) Issues FY 2025 Earnings Guidance

CarGurus (NASDAQ:CARG) updated its FY 2025 earnings guidance on Thursday. The company provided EPS guidance of 2.190-2.250 for the period, compared to the consensus EPS estimate of 1.980. The company issued revenue guidance of -. CarGurus also updated its Q4 2025 guidance to 0.610-0.670 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. boosted their target price on CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 14th. Zacks Research downgraded CarGurus from a “strong-buy” rating to a “hold” rating in a research report on Thursday, October 16th. Needham & Company LLC boosted their target price on CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 8th. BTIG Research reiterated a “buy” rating and issued a $39.00 target price on shares of CarGurus in a research report on Friday, September 5th. Finally, Wall Street Zen downgraded CarGurus from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.05.

CarGurus Stock Performance

CARG stock traded down $0.93 during midday trading on Thursday, reaching $33.13. 2,072,636 shares of the company traded hands, compared to its average volume of 1,045,758. The firm has a market capitalization of $3.29 billion, a price-to-earnings ratio of 26.93, a P/E/G ratio of 1.62 and a beta of 1.50. The business has a 50 day moving average of $35.85 and a 200-day moving average of $33.25. CarGurus has a 52-week low of $24.65 and a 52-week high of $41.33.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.03. The firm had revenue of $234.03 million for the quarter, compared to analysts’ expectations of $232.29 million. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The company’s quarterly revenue was up 7.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Research analysts anticipate that CarGurus will post 1.41 earnings per share for the current year.

Insider Activity

In other news, COO Samuel Zales sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 16th. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00. Following the transaction, the chief operating officer owned 441,821 shares of the company’s stock, valued at approximately $15,940,901.68. This represents a 2.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Ismail Elshareef sold 1,228 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $34.98, for a total value of $42,955.44. Following the completion of the transaction, the insider directly owned 95,907 shares in the company, valued at approximately $3,354,826.86. This trade represents a 1.26% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 41,226 shares of company stock valued at $1,471,482. 16.99% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its stake in CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after purchasing an additional 1,362 shares in the last quarter. Quantbot Technologies LP bought a new stake in CarGurus during the 2nd quarter valued at $87,000. Orion Porfolio Solutions LLC bought a new stake in CarGurus during the 2nd quarter valued at $206,000. Tower Research Capital LLC TRC boosted its position in CarGurus by 186.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,318 shares of the company’s stock valued at $345,000 after acquiring an additional 6,718 shares in the last quarter. Finally, Nomura Holdings Inc. bought a new stake in CarGurus during the 2nd quarter valued at $367,000. Institutional investors own 86.90% of the company’s stock.

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.