CarGurus (NASDAQ:CARG) Insider Sells $88,989.39 in Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 2,499 shares of the business’s stock in a transaction that occurred on Tuesday, March 31st. The shares were sold at an average price of $35.61, for a total value of $88,989.39. Following the transaction, the insider owned 98,191 shares of the company’s stock, valued at $3,496,581.51. This represents a 2.48% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Trading Down 0.7%

CARG traded down $0.22 during trading on Thursday, reaching $33.33. 912,268 shares of the company were exchanged, compared to its average volume of 1,295,876. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $39.42. The firm has a 50 day moving average of $31.64 and a 200 day moving average of $34.67. The stock has a market cap of $3.17 billion, a P/E ratio of 21.50, a PEG ratio of 1.27 and a beta of 1.37.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. CarGurus had a return on equity of 47.50% and a net margin of 16.60%.The company had revenue of $209.09 million for the quarter, compared to analysts’ expectations of $239.07 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Institutional Trading of CarGurus

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in shares of CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after buying an additional 443 shares during the period. Brown Brothers Harriman & Co. acquired a new position in CarGurus during the third quarter worth about $46,000. Torren Management LLC bought a new stake in CarGurus in the fourth quarter worth about $49,000. First Horizon Corp bought a new stake in CarGurus in the third quarter worth about $51,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in CarGurus by 491.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after acquiring an additional 1,362 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

CARG has been the subject of a number of analyst reports. Jefferies Financial Group boosted their target price on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. Oppenheimer dropped their price target on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Needham & Company LLC cut their price target on CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a report on Thursday, February 5th. Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Finally, UBS Group set a $38.00 price objective on CarGurus in a report on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $38.14.

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.