Samuel Zales Sells 10,000 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $34.62, for a total value of $346,200.00. Following the completion of the sale, the chief operating officer owned 455,349 shares of the company’s stock, valued at approximately $15,764,182.38. This trade represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samuel Zales also recently made the following trade(s):

• On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $36.50, for a total transaction of $365,000.00.

CarGurus Stock Down 1.6%

Shares of CarGurus stock opened at $33.21 on Friday. The company has a 50 day moving average price of $35.48 and a 200 day moving average price of $33.69. The firm has a market capitalization of $2.96 billion, a P/E ratio of 18.05, a PEG ratio of 1.20 and a beta of 1.16. CarGurus, Inc. has a 52 week low of $26.39 and a 52 week high of $41.22.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business had revenue of $250.97 million for the quarter, compared to analyst estimates of $249.85 million. During the same quarter in the prior year, the business posted $0.57 EPS. CarGurus’s revenue for the quarter was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, research analysts anticipate that CarGurus, Inc. will post 2.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CarGurus

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new stake in CarGurus in the 2nd quarter valued at about $43,000. Clearstead Advisors LLC boosted its stake in CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after acquiring an additional 1,622 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of 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 purchasing an additional 1,697 shares during the period. Global Retirement Partners LLC grew its position in shares of CarGurus by 859.9% during the fourth quarter. Global Retirement Partners LLC now owns 2,323 shares of the company’s stock worth $89,000 after acquiring an additional 2,081 shares during the last quarter. Finally, Covestor Ltd grew its position in CarGurus by 37.3% during the 4th quarter. Covestor Ltd now owns 3,535 shares of the company’s stock worth $136,000 after purchasing an additional 961 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently commented on CARG. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, August 22nd. Weiss Ratings upgraded CarGurus from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Citigroup lifted their target price on shares of CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. Finally, Needham & Company LLC increased their price target on CarGurus from $43.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.75.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate pricing and vehicle details, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital advertising and marketing products designed to help them display inventory and reach prospective buyers.

The company also provides tools and services intended to support automotive retailers throughout the vehicle-shopping process, including inventory merchandising, lead generation, pricing insights and digital retail capabilities.