CarGurus (NASDAQ:CARG) Issues 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.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Royal Bank of Canada increased their price target on shares of CarGurus from $30.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Needham & Company LLC restated a “buy” rating and issued a $45.00 price objective on shares of CarGurus in a research note on Friday. Citigroup upgraded shares of CarGurus from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. DA Davidson increased their price objective on shares of CarGurus from $26.50 to $38.50 and gave the company a “neutral” rating in a research note on Friday, November 8th. Finally, JMP Securities restated a “market outperform” rating and issued a $46.00 price objective on shares of CarGurus in a research note on Monday, December 16th. Two analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $38.59.

CarGurus Stock Down 17.1 %

Shares of CarGurus stock opened at $31.15 on Friday. The stock has a market capitalization of $3.23 billion, a P/E ratio of -67.72, a price-to-earnings-growth ratio of 1.74 and a beta of 1.59. The company has a 50-day simple moving average of $37.81 and a 200 day simple moving average of $33.67. CarGurus has a 12-month low of $21.18 and a 12-month high of $41.33.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, February 20th. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06). The firm had revenue of $228.54 million for the quarter, compared to analyst estimates of $231.72 million. CarGurus had a positive return on equity of 13.96% and a negative net margin of 5.47%. On average, equities analysts anticipate that CarGurus will post 1.25 earnings per share for the current year.

Insider Buying and Selling at CarGurus

In other CarGurus news, CEO Zachary Emerson Hallowell sold 4,580 shares of the firm’s stock in a transaction dated Friday, January 3rd. The shares were sold at an average price of $35.78, for a total value of $163,872.40. Following the completion of the sale, the chief executive officer now owns 120,051 shares in the company, valued at approximately $4,295,424.78. This trade represents a 3.67 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, COO Samuel Zales sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 3rd. The shares were sold at an average price of $38.36, for a total transaction of $767,200.00. Following the completion of the transaction, the chief operating officer now directly owns 400,025 shares in the company, valued at $15,344,959. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,388 shares of company stock worth $2,204,338. 17.20% of the stock is currently owned by corporate 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.