What is William Blair’s Estimate for CarGurus Q3 Earnings?

CarGurus, Inc. (NASDAQ:CARG) – Analysts at William Blair lifted their Q3 2025 earnings per share (EPS) estimates for CarGurus in a research report issued on Monday, November 18th. William Blair analyst R. Schackart now anticipates that the company will post earnings of $0.35 per share for the quarter, up from their previous estimate of $0.34. The consensus estimate for CarGurus’ current full-year earnings is $1.18 per share. William Blair also issued estimates for CarGurus’ Q4 2025 earnings at $0.39 EPS.

Several other brokerages have also recently weighed in on CARG. Citigroup raised shares of CarGurus from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Needham & Company LLC raised their target price on CarGurus from $27.00 to $39.00 and gave the stock a “buy” rating in a research note on Friday, November 8th. JPMorgan Chase & Co. upped their price target on CarGurus from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. JMP Securities lifted their price objective on CarGurus from $32.00 to $41.00 and gave the stock a “market outperform” rating in a research report on Monday, November 11th. Finally, Royal Bank of Canada upped their target price on CarGurus from $30.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, November 11th. Two analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $37.41.

CarGurus Price Performance

Shares of CarGurus stock opened at $35.16 on Wednesday. The stock has a market capitalization of $3.65 billion, a P/E ratio of -76.43, a price-to-earnings-growth ratio of 1.95 and a beta of 1.55. CarGurus has a one year low of $20.63 and a one year high of $37.94. The business’s 50 day simple moving average is $31.43 and its two-hundred day simple moving average is $27.60.

Institutional Trading of CarGurus

A number of institutional investors and hedge funds have recently modified their holdings of CARG. ProShare Advisors LLC increased its holdings in CarGurus by 5.6% in the 1st quarter. ProShare Advisors LLC now owns 19,116 shares of the company’s stock worth $441,000 after buying an additional 1,018 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its position in CarGurus by 23.4% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 25,778 shares of the company’s stock worth $595,000 after purchasing an additional 4,885 shares during the period. Vanguard Group Inc. raised its stake in CarGurus by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 10,198,538 shares of the company’s stock valued at $235,382,000 after buying an additional 107,244 shares during the last quarter. UniSuper Management Pty Ltd bought a new position in shares of CarGurus during the 1st quarter valued at $483,000. Finally, MQS Management LLC purchased a new position in shares of CarGurus in the 1st quarter worth $211,000. Institutional investors own 86.90% of the company’s stock.

Insiders Place Their Bets

In other CarGurus news, CTO Matthew Todd Quinn sold 3,495 shares of the firm’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $29.43, for a total transaction of $102,857.85. Following the completion of the sale, the chief technology officer now directly owns 205,696 shares in the company, valued at approximately $6,053,633.28. This trade represents a 1.67 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Dafna Sarnoff sold 3,107 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $28.42, for a total transaction of $88,300.94. Following the completion of the transaction, the chief marketing officer now owns 128,952 shares in the company, valued at approximately $3,664,815.84. This represents a 2.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 71,065 shares of company stock worth $2,356,336. 17.20% of the stock is currently 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.