CarGurus (NASDAQ:CARG) Posts Earnings Results, Misses Expectations By $0.06 EPS

CarGurus (NASDAQ:CARG) released its quarterly earnings data on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.06), Zacks reports. CarGurus had a negative net margin of 5.47% and a positive return on equity of 13.96%. CarGurus updated its Q1 2025 guidance to 0.410-0.470 EPS.

CarGurus Price Performance

CARG opened at $37.59 on Friday. The business has a 50 day simple moving average of $37.94 and a two-hundred day simple moving average of $33.60. The firm has a market capitalization of $3.90 billion, a price-to-earnings ratio of -81.72, a PEG ratio of 1.74 and a beta of 1.59. CarGurus has a one year low of $21.18 and a one year high of $41.33.

Insider Buying and Selling at CarGurus

In other news, COO Samuel Zales sold 20,000 shares of the 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 completion of the transaction, the chief operating officer now owns 400,025 shares of the company’s stock, valued at approximately $15,344,959. This represents a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Zachary Emerson Hallowell sold 2,203 shares of the stock in a transaction that occurred on Friday, January 17th. The stock was sold at an average price of $38.12, for a total value of $83,978.36. Following the completion of the transaction, the chief executive officer now directly owns 115,983 shares of the company’s stock, valued at $4,421,271.96. This represents a 1.86 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 59,388 shares of company stock valued at $2,204,338 in the last 90 days. Insiders own 17.20% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on CARG. JMP Securities restated a “market outperform” rating and set a $46.00 target price on shares of CarGurus in a research report on Monday, December 16th. B. Riley boosted their target price on CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. Needham & Company LLC restated a “buy” rating and set a $45.00 target price on shares of CarGurus in a research report on Friday. Finally, Royal Bank of Canada boosted their target price on CarGurus from $30.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, November 11th. Two investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, CarGurus currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.41.

About CarGurus

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.