William Blair Brokers Lift Earnings Estimates for CarGurus

CarGurus, Inc. (NASDAQ:CARG) – Research analysts at William Blair increased their Q3 2025 earnings per share (EPS) estimates for CarGurus in a note issued to investors 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 forecast 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.

A number of other research analysts also recently weighed in 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 report on Friday, November 8th. Citigroup upgraded shares of CarGurus from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 11th. JPMorgan Chase & Co. boosted their target price on shares of CarGurus from $36.00 to $40.00 and gave the company an “overweight” rating in a research report on Friday, November 8th. B. Riley increased their price target on shares of CarGurus from $30.00 to $40.00 and gave the stock a “buy” rating in a research report on Monday, November 11th. Finally, JMP Securities boosted their price target on CarGurus from $32.00 to $41.00 and gave the company a “market outperform” rating in a report on Monday, November 11th. Two research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.41.

CarGurus Price Performance

Shares of NASDAQ:CARG opened at $35.45 on Wednesday. CarGurus has a 1 year low of $20.02 and a 1 year high of $37.94. The stock’s fifty day moving average price is $31.43 and its 200-day moving average price is $27.60. The company has a market cap of $3.68 billion, a P/E ratio of -77.06, a PEG ratio of 1.95 and a beta of 1.55.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its stake in CarGurus by 1.1% during the first 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 in the last quarter. State Street Corp increased its holdings in shares of CarGurus by 4.8% in the 3rd quarter. State Street Corp now owns 3,298,894 shares of the company’s stock worth $99,066,000 after buying an additional 151,862 shares during the last quarter. Geode Capital Management LLC raised its position in shares of CarGurus by 3.8% during the 3rd quarter. Geode Capital Management LLC now owns 2,055,145 shares of the company’s stock valued at $61,728,000 after buying an additional 74,730 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of CarGurus by 6.5% in the 2nd quarter. Thrivent Financial for Lutherans now owns 1,461,119 shares of the company’s stock valued at $38,282,000 after acquiring an additional 89,346 shares during the last quarter. Finally, Prevatt Capital Ltd grew its position in CarGurus by 7.0% in the third quarter. Prevatt Capital Ltd now owns 1,230,000 shares of the company’s stock worth $36,937,000 after acquiring an additional 80,000 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other CarGurus news, COO Samuel Zales sold 25,168 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of $31.62, for a total transaction of $795,812.16. Following the completion of the transaction, the chief operating officer now owns 449,821 shares of the company’s stock, valued at $14,223,340.02. This represents a 5.30 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO Dafna Sarnoff sold 4,127 shares of CarGurus stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $29.94, for a total value of $123,562.38. Following the completion of the sale, the chief marketing officer now directly owns 119,330 shares in the company, valued at $3,572,740.20. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 35,897 shares of company stock valued at $1,110,533. Corporate insiders own 17.20% 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.