William Blair Estimates CarGurus’ Q3 Earnings (NASDAQ:CARG)

CarGurus, Inc. (NASDAQ:CARG) – Analysts at William Blair lifted their Q3 2025 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 prior 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 analysts also recently issued reports on CARG. JMP Securities lifted their price target on CarGurus from $32.00 to $41.00 and gave the company a “market outperform” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upped their price target on CarGurus from $36.00 to $40.00 and gave the stock an “overweight” rating in a research report on Friday, November 8th. DA Davidson increased their target price on shares of CarGurus from $26.50 to $38.50 and gave the stock a “neutral” rating in a report on Friday, November 8th. Royal Bank of Canada raised their target price on shares of CarGurus from $30.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, November 11th. Finally, BTIG Research boosted their price target on shares of CarGurus from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Tuesday, October 22nd. Two equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $37.41.

CarGurus Stock Down 0.8 %

Shares of CARG stock opened at $35.16 on Wednesday. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of -76.43, a P/E/G ratio of 1.95 and a beta of 1.55. CarGurus has a 12-month low of $20.63 and a 12-month high of $37.94. The firm has a fifty day moving average of $31.43 and a 200-day moving average of $27.60.

Insiders Place Their Bets

In other news, CTO Matthew Todd Quinn sold 3,495 shares of the stock in a transaction that occurred on Wednesday, October 2nd. The stock was sold at an average price of $29.43, for a total value of $102,857.85. Following the completion of the sale, the chief technology officer now directly owns 205,696 shares of the company’s stock, valued at $6,053,633.28. This represents a 1.67 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Dafna Sarnoff sold 3,107 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $28.42, for a total transaction of $88,300.94. Following the transaction, the chief marketing officer now owns 128,952 shares in the company, valued at approximately $3,664,815.84. This trade represents a 2.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,065 shares of company stock valued at $2,356,336. 17.20% of the stock is currently owned by corporate insiders.

Institutional Trading of CarGurus

Several hedge funds have recently added to or reduced their stakes in CARG. Point72 Hong Kong Ltd purchased a new stake in shares of CarGurus during the 3rd quarter worth approximately $28,000. Signaturefd LLC grew its holdings in CarGurus by 81.3% during the 3rd quarter. Signaturefd LLC now owns 959 shares of the company’s stock valued at $29,000 after buying an additional 430 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in CarGurus during the 3rd quarter worth approximately $30,000. CWM LLC increased its holdings in shares of CarGurus by 54.1% in the second quarter. CWM LLC now owns 1,381 shares of the company’s stock worth $36,000 after purchasing an additional 485 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in shares of CarGurus by 43.5% in the 2nd quarter. Nisa Investment Advisors LLC now owns 1,579 shares of the company’s stock valued at $41,000 after acquiring an additional 479 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

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.