Insider Selling: CarGurus (NASDAQ:CARG) General Counsel Sells 3,533 Shares

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,533 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $36.06, for a total value of $127,399.98. Following the transaction, the general counsel directly owned 88,345 shares of the company’s stock, valued at approximately $3,185,720.70. This trade represents a 3.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 29th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $34.08, for a total transaction of $120,370.56.
• On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The stock was sold at an average price of $32.63, for a total transaction of $115,249.16.
• 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

CARG stock traded down $0.58 during midday trading on Monday, hitting $35.66. The company’s stock had a trading volume of 1,188,788 shares, compared to its average volume of 1,321,205. The company’s fifty day moving average price is $31.38 and its 200 day moving average price is $33.06. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $39.42. The stock has a market capitalization of $3.22 billion, a P/E ratio of 23.46, a PEG ratio of 1.32 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data 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 return on equity of 54.42% and a net margin of 15.57%.CarGurus’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the company earned $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Equities analysts expect that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Analysts Set New Price Targets

CARG has been the topic of several analyst reports. Royal Bank Of Canada upped their price target on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Citigroup assumed coverage on shares of CarGurus in a research note on Friday, June 12th. They issued a “buy” rating for the company. Needham & Company LLC lifted their price target on CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Freedom Capital raised CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, CarGurus presently has an average rating of “Moderate Buy” and an average price target of $37.77.

Hedge Funds Weigh In On CarGurus

Institutional investors and hedge funds have recently modified their holdings of the stock. Brown Brothers Harriman & Co. bought a new position in shares of CarGurus in the third quarter valued at about $46,000. Torren Management LLC bought a new stake in shares of CarGurus during the 4th quarter worth about $49,000. EverSource Wealth Advisors LLC grew its stake 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 last quarter. Clearstead Advisors LLC grew its stake 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 last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in CarGurus by 356.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after acquiring an additional 1,697 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.