CarGurus (NASDAQ:CARG) Releases Q1 2025 Earnings Guidance

CarGurus (NASDAQ:CARG) updated its first quarter 2025 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of 0.410-0.470 for the period, compared to the consensus 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.

CarGurus Price Performance

CARG stock traded down $0.55 during midday trading on Thursday, hitting $37.59. The stock had a trading volume of 1,468,952 shares, compared to its average volume of 758,986. The firm has a market cap of $3.90 billion, a price-to-earnings ratio of -81.72, a price-to-earnings-growth ratio of 1.82 and a beta of 1.59. The business has a 50-day moving average of $37.94 and a two-hundred day moving average of $33.58. CarGurus has a 52-week low of $21.18 and a 52-week high of $41.33.

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

Analyst Ratings Changes

Several research firms have recently commented on CARG. Citigroup raised CarGurus from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. Royal Bank of Canada lifted their target price on CarGurus from $30.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. B. Riley boosted their target price on CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. JMP Securities restated a “market outperform” rating and issued a $46.00 target price on shares of CarGurus in a research note on Monday, December 16th. Finally, Needham & Company LLC upped their price target on CarGurus from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, January 16th. Two investment 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’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.41.

Insider Buying and Selling

In related news, COO Samuel Zales sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, February 3rd. The stock was sold at an average price of $38.36, for a total value of $767,200.00. Following the sale, the chief operating officer now owns 400,025 shares in the company, valued at $15,344,959. This represents a 4.76 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Zachary Emerson Hallowell sold 4,580 shares of the company’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 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 represents a 3.67 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 59,388 shares of company stock valued at $2,204,338 over the last quarter. 17.20% of the stock is currently owned by 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.