What is William Blair’s Forecast for CarGurus Q1 Earnings?

CarGurus, Inc. (NASDAQ:CARG) – Investment analysts at William Blair dropped their Q1 2025 earnings per share (EPS) estimates for CarGurus in a research report issued to clients and investors on Monday, November 18th. William Blair analyst R. Schackart now anticipates that the company will post earnings per share of $0.29 for the quarter, down from their prior estimate of $0.31. The consensus estimate for CarGurus’ current full-year earnings is $1.23 per share. William Blair also issued estimates for CarGurus’ Q2 2025 earnings at $0.31 EPS.

A number of other research firms also recently commented on CARG. Oppenheimer increased their price objective on shares of CarGurus from $32.00 to $44.00 and gave the company an “outperform” rating in a research note on Friday, November 8th. Jefferies Financial Group lifted their price target on CarGurus from $35.00 to $38.00 and gave the stock a “buy” rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. upped their price objective on CarGurus from $36.00 to $40.00 and gave the company an “overweight” rating in a research note on Friday, November 8th. Needham & Company LLC lifted their target price on CarGurus from $27.00 to $39.00 and gave the stock a “buy” rating in a research report on Friday, November 8th. Finally, Citigroup raised CarGurus from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 11th. Two equities research 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 company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $37.86.

CarGurus Price Performance

Shares of CARG stock opened at $35.62 on Thursday. The company’s fifty day moving average price is $31.73 and its two-hundred day moving average price is $27.70. The firm has a market capitalization of $3.69 billion, a P/E ratio of -77.67, a P/E/G ratio of 1.87 and a beta of 1.55. CarGurus has a 12 month low of $21.02 and a 12 month high of $37.94.

Insider Activity at CarGurus

In other news, CMO Dafna Sarnoff sold 3,107 shares of CarGurus 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 sale, the chief marketing officer now owns 128,952 shares of the company’s stock, valued at approximately $3,664,815.84. This trade represents a 2.35 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Jason Trevisan sold 10,000 shares of the stock in a transaction on Monday, November 18th. The shares were sold at an average price of $35.41, for a total transaction of $354,100.00. Following the completion of the transaction, the chief executive officer now owns 779,606 shares of the company’s stock, valued at approximately $27,605,848.46. This represents a 1.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 71,065 shares of company stock worth $2,356,336 in the last 90 days. 17.20% of the stock is owned by company insiders.

Institutional Trading of CarGurus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UniSuper Management Pty Ltd acquired a new stake in CarGurus during the 1st quarter worth approximately $483,000. Swedbank AB bought a new stake in CarGurus in the 1st quarter valued at $1,352,000. Los Angeles Capital Management LLC lifted its position in CarGurus by 51.9% in the 3rd quarter. Los Angeles Capital Management LLC now owns 64,417 shares of the company’s stock valued at $1,934,000 after acquiring an additional 22,004 shares in the last quarter. SG Capital Management LLC bought a new position in CarGurus during the 1st quarter worth about $4,222,000. Finally, Vanguard Group Inc. raised its stake in shares of CarGurus by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 10,198,538 shares of the company’s stock valued at $235,382,000 after purchasing an additional 107,244 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.