Analysts expect CarGurus to report Q3 2026 revenue of $256.46 million and earnings per share of $0.66, with the current stock price of $33.77 trading well below the average analyst price target of $41.22.
Investors are primarily focused on marketplace subscription revenue growth and the adoption rates of new AI-driven dealer tools such as PriceVantage and Guru AI.
The company is successfully transitioning toward a higher-margin software-centric model while winding down its legacy digital wholesale operations. Recent performance has been bolstered by strong international momentum in Canada and the United Kingdom, which saw a 28% year-over-year revenue increase in the previous quarter. Continued dealer network expansion and average revenue per dealership remain critical pillars for the company’s fiscal 2026 profitability targets.