CarGurus (NASDAQ:CARG) General Counsel Javier Zamora Sells 3,532 Shares

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $32.63, for a total value of $115,249.16. Following the completion of the transaction, the general counsel owned 99,529 shares of the company’s stock, valued at $3,247,631.27. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Zamora also recently made the following trade(s):

• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The shares were sold at an average price of $29.53, for a total transaction of $238,366.16.

CarGurus Price Performance

Shares of CARG stock traded up $0.97 during mid-day trading on Monday, hitting $34.00. The company had a trading volume of 1,469,444 shares, compared to its average volume of 1,323,573. The stock’s 50 day moving average price is $31.58 and its 200-day moving average price is $33.15. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The company has a market capitalization of $3.07 billion, a P/E ratio of 22.37, a P/E/G ratio of 1.21 and a beta of 1.20.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. CarGurus’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period last year, the company posted $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, equities research analysts expect that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Needham & Company LLC increased their price target on CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 8th. UBS Group set a $35.00 price objective on CarGurus in a report on Thursday, May 28th. Royal Bank Of Canada increased their target price on CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Barclays assumed coverage on shares of CarGurus in a report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 target price for the company. Finally, Piper Sandler reiterated a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $37.79.

Institutional Trading of CarGurus

A number of large investors have recently made changes to their positions in CARG. Brown Brothers Harriman & Co. purchased a new position in CarGurus in the 3rd quarter worth about $46,000. Torren Management LLC purchased a new stake in CarGurus in the 4th quarter valued at about $49,000. EverSource Wealth Advisors LLC boosted its position 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 buying an additional 1,362 shares during the period. Clearstead Advisors LLC boosted its position in CarGurus by 321.2% in the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after buying an additional 1,622 shares during the period. Finally, Rockefeller Capital Management L.P. grew its stake in CarGurus by 356.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after acquiring an additional 1,697 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Company Profile

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.