Key Points
- Insider sale: Jennifer Ladd Hanson sold 2,358 shares at an average price of $38.10 for $89,839.80, reducing her direct stake to 50,466 shares (a 4.46% decrease).
- Recent results and guidance: CarGurus reported $0.57 EPS (vs. $0.55 est.) and $238.7M revenue (up 3.2% YoY), and set FY2025 guidance of $2.190–$2.250 EPS with Q4 guidance of $0.610–$0.670.
- Analyst and valuation snapshot: The stock trades with a market cap of $3.61B and a PE of 25.75, carries an average analyst target of $40.86 (consensus "Hold"), while some firms have recently raised targets up to $44.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) insider Jennifer Ladd Hanson sold 2,358 shares of the company's stock in a transaction on Wednesday, December 31st. The shares were sold at an average price of $38.10, for a total value of $89,839.80. Following the transaction, the insider directly owned 50,466 shares in the company, valued at $1,922,754.60. The trade was a 4.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link.
CarGurus Trading Up 0.5%
Shares of NASDAQ CARG opened at $37.85 on Tuesday. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33. The business has a 50-day moving average price of $36.33 and a two-hundred day moving average price of $35.07. The firm has a market capitalization of $3.61 billion, a PE ratio of 25.75, a PEG ratio of 1.53 and a beta of 1.36.
CarGurus (NASDAQ:CARG - Get Free Report) last announced its quarterly earnings data on Thursday, November 6th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The firm had revenue of $238.70 million for the quarter, compared to the consensus estimate of $234.57 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm's revenue was up 3.2% on a year-over-year basis. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. Research analysts anticipate that CarGurus, Inc. will post 1.41 EPS for the current year.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on CARG. BTIG Research lifted their price objective on CarGurus from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, December 30th. JPMorgan Chase & Co. raised their price target on CarGurus from $38.00 to $43.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 14th. Weiss Ratings reissued a "hold (c+)" rating on shares of CarGurus in a research note on Monday, December 29th. UBS Group raised their price objective on shares of CarGurus from $36.00 to $40.00 and gave the company a "neutral" rating in a research report on Monday, October 6th. Finally, DA Davidson set a $37.50 target price on shares of CarGurus in a research note on Monday, November 17th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $40.86.
Read Our Latest Analysis on CARG
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in CarGurus in the 2nd quarter worth approximately $27,000. Private Wealth Asset Management LLC bought a new position in shares of CarGurus in the second quarter valued at approximately $29,000. MAI Capital Management lifted its stake in shares of CarGurus by 661.0% in the second quarter. MAI Capital Management now owns 1,172 shares of the company's stock worth $39,000 after buying an additional 1,018 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of CarGurus by 71.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company's stock worth $40,000 after buying an additional 443 shares during the period. Finally, Brown Brothers Harriman & Co. acquired a new position in CarGurus in the 3rd quarter valued at $46,000. Institutional investors and hedge funds own 86.90% of the company's stock.
CarGurus Company Profile
(
Get Free Report)
CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.
The company's core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.
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