CarGurus (NASDAQ:CARG) Releases Q1 2025 Earnings Guidance

CarGurus (NASDAQ:CARG) updated its first quarter 2025 earnings guidance on Thursday. The company provided EPS guidance of 0.410-0.470 for the period, compared to the consensus EPS estimate of 0.420. The company issued revenue guidance of $216.0 million-$236.0 million, compared to the consensus revenue estimate of $239.1 million.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CARG. B. Riley raised their target price on shares of CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a report on Monday, November 11th. JPMorgan Chase & Co. raised their price target on CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research note on Friday, November 8th. Needham & Company LLC reiterated a “buy” rating and set a $45.00 price objective on shares of CarGurus in a research report on Friday. JMP Securities reissued a “market outperform” rating and issued a $46.00 target price on shares of CarGurus in a research report on Monday, December 16th. Finally, Oppenheimer increased their price objective on shares of CarGurus from $32.00 to $44.00 and gave the stock an “outperform” rating in a research note on Friday, November 8th. Two investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.41.

CarGurus Price Performance

Shares of NASDAQ CARG opened at $37.59 on Friday. The stock has a market cap of $3.90 billion, a PE ratio of -81.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59. CarGurus has a 1 year low of $21.18 and a 1 year high of $41.33. The firm has a fifty day moving average price of $37.94 and a 200-day moving average price of $33.60.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, February 20th. The company reported $0.44 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.06). CarGurus had a positive return on equity of 13.96% and a negative net margin of 5.47%. On average, research analysts expect that CarGurus will post 1.25 EPS for the current year.

Insider Activity at CarGurus

In other CarGurus news, CMO Dafna Sarnoff sold 10,570 shares of the firm’s stock in a transaction that occurred on Friday, January 3rd. The stock was sold at an average price of $35.78, for a total transaction of $378,194.60. Following the completion of the transaction, the chief marketing officer now owns 95,261 shares in the company, valued at $3,408,438.58. This trade represents a 9.99 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Samuel Zales sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $37.70, for a total value of $282,750.00. Following the sale, the chief operating officer now directly owns 434,821 shares in the company, valued at $16,392,751.70. This trade represents a 1.70 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 59,388 shares of company stock valued at $2,204,338. 17.20% of the stock is owned by company insiders.

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.