Key Points
- Insider sale: Ismail Elshareef sold 1,645 CarGurus shares on Feb. 2 at an average $32.21 for $52,985.45, reducing his stake by 1.76% to 91,822 shares (≈$2.96M).
- Share performance and valuation: CARG was reported down 9.0% and opened at $29.48, with a market cap of about $2.81B, a P/E of 20.05 and a 12‑month range of $24.65–$40.37.
- Fundamentals and outlook: CarGurus beat Q results (EPS $0.57 vs $0.55 expected; revenue $238.7M) and set FY2025 EPS guidance of $2.190–2.250, while analysts hold a consensus "Hold" rating and $40.86 target; institutional ownership is ~86.9%.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) insider Ismail Elshareef sold 1,645 shares of the business's stock in a transaction that occurred on Monday, February 2nd. The shares were sold at an average price of $32.21, for a total value of $52,985.45. Following the completion of the sale, the insider owned 91,822 shares of the company's stock, valued at $2,957,586.62. The trade was a 1.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
CarGurus Stock Down 9.0%
Shares of CARG opened at $29.48 on Wednesday. The stock has a market capitalization of $2.81 billion, a P/E ratio of 20.05, a PEG ratio of 1.32 and a beta of 1.35. The firm has a fifty day simple moving average of $36.36 and a two-hundred day simple moving average of $35.26. CarGurus, Inc. has a twelve month low of $24.65 and a twelve month high of $40.37.
CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The firm had revenue of $238.70 million for the quarter, compared to analysts' expectations of $234.57 million. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The company's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 earnings per share. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. Sell-side analysts expect that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.
Analysts Set New Price Targets
CARG has been the topic of a number of recent analyst reports. Weiss Ratings reiterated a "hold (c+)" rating on shares of CarGurus in a research report on Monday, December 29th. Zacks Research lowered CarGurus from a "strong-buy" rating to a "hold" rating in a research note on Thursday, October 16th. JPMorgan Chase & Co. lifted their price target on shares of CarGurus from $38.00 to $43.00 and gave the company a "neutral" rating in a report on Tuesday, October 14th. Jefferies Financial Group boosted their price objective on shares of CarGurus from $42.00 to $45.00 and gave the company a "buy" rating in a research report on Thursday, December 11th. Finally, Citigroup raised their target price on shares of CarGurus from $37.00 to $41.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $40.86.
View Our Latest Stock Analysis on CARG
Institutional Investors Weigh In On CarGurus
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CARG. Royal Bank of Canada lifted its position in CarGurus by 22.6% during the first quarter. Royal Bank of Canada now owns 75,072 shares of the company's stock valued at $2,186,000 after buying an additional 13,834 shares during the period. AQR Capital Management LLC increased its stake in shares of CarGurus by 25.4% in the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company's stock worth $756,000 after acquiring an additional 5,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in CarGurus by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company's stock valued at $1,889,000 after acquiring an additional 1,890 shares during the period. Jane Street Group LLC boosted its stake in CarGurus by 113.0% during the first quarter. Jane Street Group LLC now owns 123,305 shares of the company's stock worth $3,592,000 after acquiring an additional 65,420 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in CarGurus by 220.7% in the second quarter. Robeco Institutional Asset Management B.V. now owns 244,016 shares of the company's stock worth $8,167,000 after purchasing an additional 167,921 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.
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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