CarGurus (NASDAQ:CARG) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of CarGurus (NASDAQ:CARG) from a hold rating to a buy rating in a report released on Saturday morning.

Several other equities research analysts also recently commented on the stock. Oppenheimer dropped their price objective on shares of CarGurus from $42.00 to $40.00 and set an “outperform” rating on the stock in a report on Tuesday, August 12th. Citigroup upped their price target on shares of CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. DA Davidson set a $37.50 price objective on shares of CarGurus in a report on Monday, November 17th. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a report on Thursday. Finally, UBS Group raised their price target on CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Four analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.95.

CarGurus Stock Up 1.7%

CarGurus stock opened at $35.19 on Friday. The firm has a 50 day moving average price of $35.65 and a 200-day moving average price of $33.91. CarGurus has a twelve month low of $24.65 and a twelve month high of $41.33. The company has a market capitalization of $3.36 billion, a P/E ratio of 23.94, a P/E/G ratio of 1.61 and a beta of 1.50.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.The business had revenue of $238.70 million for the quarter, compared to the consensus estimate of $234.57 million. During the same quarter in the prior year, the business earned $0.45 earnings per share. CarGurus’s revenue for the quarter was up 3.2% on a year-over-year basis. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS. Q4 2025 guidance at 0.610-0.670 EPS. Equities analysts expect that CarGurus will post 1.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other CarGurus news, insider Jennifer Ladd Hanson sold 9,998 shares of the firm’s stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $36.88, for a total value of $368,726.24. Following the sale, the insider owned 54,807 shares of the company’s stock, valued at $2,021,282.16. This trade represents a 15.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Ismail Elshareef sold 1,228 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total transaction of $42,955.44. Following the completion of the sale, the insider directly owned 95,907 shares in the company, valued at $3,354,826.86. This represents a 1.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 41,226 shares of company stock worth $1,471,482 in the last ninety days. 17.20% of the stock is currently owned by insiders.

Institutional Trading of CarGurus

A number of hedge funds have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new position in CarGurus in the second quarter worth $27,000. Private Wealth Asset Management LLC bought a new stake in CarGurus during the second quarter worth about $29,000. Farther Finance Advisors LLC boosted its holdings in shares of CarGurus by 71.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares in the last quarter. MAI Capital Management boosted its holdings in shares of CarGurus by 661.0% in the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock worth $39,000 after purchasing an additional 1,018 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new position in shares of CarGurus during the 3rd quarter valued at about $46,000. 86.90% of the stock is owned by institutional investors.

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.