Insider Selling: CarGurus (NASDAQ:CARG) Insider Sells 567 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of the business’s stock in a transaction dated Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total transaction of $18,733.68. Following the sale, the insider directly owned 96,432 shares in the company, valued at $3,186,113.28. The trade was a 0.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Ladd Hanson also recently made the following trade(s):

• On Tuesday, March 31st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The shares were sold at an average price of $35.61, for a total transaction of $88,989.39.

CarGurus Stock Performance

Shares of CARG traded up $1.42 during mid-day trading on Monday, reaching $34.75. The company had a trading volume of 908,101 shares, compared to its average volume of 1,289,817. The firm has a 50-day moving average price of $31.61 and a 200 day moving average price of $34.61. CarGurus, Inc. has a 52 week low of $24.65 and a 52 week high of $39.42. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 22.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate 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 the consensus estimate of $239.07 million. During the same quarter in the prior year, the business posted $0.55 EPS. 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, research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CarGurus

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Farther Finance Advisors LLC boosted its holdings in shares of CarGurus by 71.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after acquiring an additional 443 shares during the last quarter. Brown Brothers Harriman & Co. purchased a new position in shares of CarGurus during the third quarter valued at approximately $46,000. Torren Management LLC bought a new position in CarGurus during the fourth quarter valued at approximately $49,000. First Horizon Corp purchased a new stake in CarGurus in the third quarter worth approximately $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after purchasing an additional 1,362 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

CARG has been the subject of a number of analyst reports. Needham & Company LLC reduced their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Thursday, February 5th. Royal Bank Of Canada dropped their target price on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Jefferies Financial Group increased their price target on shares of CarGurus from $42.00 to $45.00 and gave the company a “buy” rating in a report on Thursday, December 11th. Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, UBS Group set a $38.00 price objective on CarGurus in a research report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat.com, CarGurus 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.