CarGurus (CARG) Q2 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Reported EPS
- $0.66
- Estimate
- $0.62
- Surprise
- +7.0%
- Revenue (period 2026-06-30)
- $251.0M
- Score at report (before → after)
- 5.8 → 5.9/10
Revenue source: xbrl.
How the report landed
CarGurus (CARG) beat the $0.62 estimate with diluted EPS of $0.66 — a clear 7.0% upside surprise. TrendMatrix's engine moved from Hold (5.8/10) to Buy (Wait) at 5.9/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates CARG Buy (Wait) at 6.4/10.
3 of the last 4 quarters beat the estimate; this quarter's +7.0% surprise compares with a +3.2% four-quarter average. Next scheduled report: 2026-11-05.
What supports the rating
- V7 flight-to-quality bonus: +0.5 (Q=8.9 in RISK_OFF)
- Strong earnings beat streak (3/4)
What argues against it
- Thin upside margin: 5.9%
- Sector modifier (Communication Services): -0.8
- Negative momentum
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $34.00
- Entry target
- $33.47
- Price target
- $36.00
- Stop
- $31.94
- Upside to target
- +5.9%
- Reward-to-risk
- 0.9:1
The stock trades at 17.8× trailing but 11.4× forward earnings — consensus estimates already build in a substantial earnings recovery.
Model outputs from TrendMatrix’s engine as of 2026-09-04 — shown for context, not personalized investment advice.
CARG at TrendMatrix's latest read
Communication and media names are subscriber-economics stories; engagement and ARPU trends behind the print drive the reaction.
- Industry
- Internet Content & Information
- Market cap
- $3.05B
- P/E (fwd)
- 11.4
- P/E (ttm)
- 17.8
- 52-week range
- $26.39–$41.22
- Off 52-week high
- 17.5%
- RSI (14)
- 35
- Volume vs avg
- 0.65×
- Score today
- 6.4/10