CarGurus (CARG) to Post Earnings on Thursday

CarGurus (NASDAQ:CARG) is expected to be releasing its Q2 2026 results after the market closes on Thursday, August 6th. Analysts expect CarGurus to announce earnings of $0.62 per share and revenue of $249.8530 million for the quarter. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Individuals may visit the the company’s upcoming Q2 2026 earning report for the latest details on the call scheduled for Thursday, August 6, 2026 at 5:00 PM ET.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The firm had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same period last year, the business posted $0.46 earnings per share. The company’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, analysts expect CarGurus to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

CarGurus Stock Up 1.8%

CarGurus stock opened at $37.07 on Thursday. The stock has a 50-day moving average price of $31.71 and a 200 day moving average price of $32.60. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 24.39, a price-to-earnings-growth ratio of 1.33 and a beta of 1.18. CarGurus has a 52 week low of $26.39 and a 52 week high of $39.42.

Insider Buying and Selling

In related news, CTO Matthew Todd Quinn sold 3,824 shares of CarGurus stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $133,954.72. Following the completion of the transaction, the chief technology officer directly owned 233,146 shares in the company, valued at approximately $8,167,104.38. This trade represents a 1.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Jennifer Ladd Hanson sold 2,499 shares of the business’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total value of $86,365.44. Following the completion of the transaction, the insider directly owned 92,894 shares of the company’s stock, valued at $3,210,416.64. The trade was a 2.62% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 25,559 shares of company stock valued at $841,568 over the last ninety days. Company insiders own 18.19% of the company’s stock.

Hedge Funds Weigh In On CarGurus

Large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. purchased a new stake in CarGurus during the third quarter worth $46,000. EverSource Wealth Advisors LLC grew its position in CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after buying an additional 1,362 shares during the period. Quantbot Technologies LP purchased a new position in CarGurus in the second quarter valued at $87,000. Parkside Financial Bank & Trust increased its holdings in CarGurus by 48.0% in the fourth quarter. Parkside Financial Bank & Trust now owns 3,018 shares of the company’s stock valued at $116,000 after buying an additional 979 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new position in shares of CarGurus in the third quarter worth about $148,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CARG shares. Freedom Capital raised shares of CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. Citigroup initiated coverage on shares of CarGurus in a report on Friday, June 12th. They issued a “buy” rating on the stock. Piper Sandler reiterated a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Needham & Company LLC raised their target price on shares of CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.55.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace designed to connect buyers and sellers of new and used vehicles. Through its proprietary search engine and data-driven pricing tools, the platform enables consumers to compare listings, assess fair market values and locate local dealers offering competitive deals. CarGurus also provides detailed vehicle history reports, dealer reviews and financing options to streamline the car-shopping process for both private parties and franchised dealerships.

The company’s core product offerings include Instant Market Value (IMV), which leverages pricing algorithms to help buyers identify over- or under-priced vehicles, as well as dealer subscription services that grant automotive retailers access to lead generation tools, targeted advertising and dynamic pricing insights.