Insider Selling: CarGurus (NASDAQ:CARG) CEO Sells 16,548 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CEO Jason Trevisan sold 16,548 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total transaction of $645,702.96. Following the completion of the transaction, the chief executive officer owned 630,483 shares of the company’s stock, valued at approximately $24,601,446.66. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Jason Trevisan also recently made the following trade(s):

• On Monday, December 22nd, Jason Trevisan sold 8,452 shares of CarGurus stock. The stock was sold at an average price of $39.04, for a total transaction of $329,966.08.
• On Tuesday, December 9th, Jason Trevisan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $37.00, for a total value of $740,000.00.

CarGurus Price Performance

Shares of CARG stock traded down $0.06 on Monday, reaching $38.58. 397,632 shares of the company were exchanged, compared to its average volume of 1,025,065. The company has a market cap of $3.68 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.79 and a beta of 1.42. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33. The company has a 50-day moving average of $36.09 and a 200-day moving average of $34.79.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, beating the consensus estimate of $0.55 by $0.02. The business had revenue of $238.70 million for the quarter, compared to analysts’ expectations of $234.57 million. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The firm’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 EPS. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. As a group, sell-side analysts predict that CarGurus, Inc. will post 1.41 EPS for the current year.

Institutional Investors Weigh In On CarGurus

Several institutional investors have recently bought and sold shares of CARG. Congress Asset Management Co. purchased a new position in CarGurus in the 3rd quarter worth approximately $70,856,000. UBS Group AG increased its stake in shares of CarGurus by 158.2% in the third quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock worth $57,254,000 after buying an additional 942,199 shares during the period. Wellington Management Group LLP raised its holdings in CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after buying an additional 594,670 shares during the last quarter. Acadian Asset Management LLC boosted its position in CarGurus by 185.2% during the 1st quarter. Acadian Asset Management LLC now owns 835,244 shares of the company’s stock valued at $24,314,000 after buying an additional 542,382 shares during the period. Finally, Mount Capital Ltd bought a new stake in CarGurus in the 1st quarter worth $15,270,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on CARG. UBS Group increased their target price on shares of CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. BTIG Research restated a “buy” rating and set a $39.00 target price on shares of CarGurus in a research report on Friday, September 5th. Wall Street Zen raised CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. DA Davidson set a $37.50 price objective on CarGurus in a report on Monday, November 17th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 22nd. Five analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat, CarGurus presently has an average rating of “Hold” and an average target price of $40.41.

About CarGurus

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.