CarGurus
CARG
About: CarGurus Inc is a company that acts as an online automotive marketplace connecting buyers and sellers of new and used cars. The company provides three types of marketplace Listing products, Restricted Listings, and Enhanced or Featured Listings, through which it offers real-time and historical data analyzing the connections and pricing analysis. The listing platforms offer auto manufacturers and others to buy advertising on the company's site and target consumers based on the make, model, and zip code of the cars. The company operates through two segments, namely U.S. Marketplace and Digital Wholesale. It generates maximum revenue from the U.S. Marketplace segment. Geographically, the company derives its key revenue from the United States and the rest from international markets.
Employees: 1,282
Fund manager confidence
Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
955% more call options, than puts
Call options by funds: $13.7M | Put options by funds: $1.3M
125% more first-time investments, than exits
New positions opened: 63 | Existing positions closed: 28
17% more repeat investments, than reductions
Existing positions increased: 130 | Existing positions reduced: 111
12% more capital invested
Capital invested by funds: $2.51B [Q1] → $2.8B (+$289M) [Q2]
11% more funds holding
Funds holding: 303 [Q1] → 335 (+32) [Q2]
2.46% more ownership
Funds ownership: 96.39% [Q1] → 98.85% (+2.46%) [Q2]
17% less funds holding in top 10
Funds holding in top 10: 6 [Q1] → 5 (-1) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
BTIG
Marvin Fong
|
$39
|
Buy
Reiterated
|
5 Sep 2025 |
Oppenheimer
Jed Kelly
|
$40
|
Outperform
Maintained
|
12 Aug 2025 |
UBS
Kunal Madhukar
|
$36
|
Neutral
Maintained
|
8 Aug 2025 |
Needham
Chris Pierce
|
$44
|
Buy
Maintained
|
8 Aug 2025 |
Gordon Haskett
Robert Mollins
|
$35
|
Hold
Initiated
|
14 Jul 2025 |
Citigroup
Ronald Josey
|
$37
|
Neutral
Maintained
|
3 Jul 2025 |
JMP Securities
Andrew Boone
|
$38
|
Market Perform
Downgraded
|
2 Jul 2025 |
Financial journalist opinion
Based on 3 articles about CARG published over the past 30 days