Equities Analysts Issue Forecasts for CarGurus Q3 Earnings

CarGurus, Inc. (NASDAQ:CARG) – William Blair boosted their Q3 2025 EPS estimates for shares of CarGurus in a research report issued on Monday, November 18th. William Blair analyst R. Schackart now forecasts that the company will post earnings per share of $0.35 for the quarter, up from their previous 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.

CARG has been the topic of a number of other research reports. DA Davidson upped their target price on CarGurus from $26.50 to $38.50 and gave the company a “neutral” rating in a research note on Friday, November 8th. Citigroup raised CarGurus from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. increased their target price on CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. B. Riley upped their price target on shares of CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Finally, JMP Securities raised their price target on shares of CarGurus from $32.00 to $41.00 and gave the stock a “market outperform” rating in a research note on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.41.

CarGurus Trading Up 0.1 %

Shares of NASDAQ:CARG opened at $35.45 on Wednesday. CarGurus has a 12 month low of $20.02 and a 12 month high of $37.94. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of -77.06, a PEG ratio of 1.95 and a beta of 1.55. The firm’s 50-day moving average is $31.43 and its 200 day moving average is $27.60.

Institutional Investors Weigh In On CarGurus

A number of institutional investors have recently added to or reduced their stakes in CARG. Point72 Hong Kong Ltd purchased a new stake in shares of CarGurus during the third quarter valued at about $28,000. Signaturefd LLC raised its stake in shares of CarGurus by 81.3% during the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock worth $29,000 after acquiring an additional 430 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in CarGurus during the third quarter valued at approximately $30,000. CWM LLC boosted its stake in CarGurus by 54.1% in the second quarter. CWM LLC now owns 1,381 shares of the company’s stock valued at $36,000 after acquiring an additional 485 shares in the last quarter. Finally, Quarry LP grew its holdings in CarGurus by 155.8% in the third quarter. Quarry LP now owns 1,499 shares of the company’s stock worth $45,000 after purchasing an additional 913 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Insider Buying and Selling at CarGurus

In other news, COO Samuel Zales sold 25,168 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of $31.62, for a total transaction of $795,812.16. Following the transaction, the chief operating officer now directly owns 449,821 shares in the company, valued at approximately $14,223,340.02. This trade represents a 5.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Dafna Sarnoff sold 4,127 shares of the business’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $29.94, for a total transaction of $123,562.38. Following the completion of the transaction, the chief marketing officer now directly owns 119,330 shares of the company’s stock, valued at $3,572,740.20. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,897 shares of company stock valued at $1,110,533. Company insiders own 17.20% of the company’s stock.

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.