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

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $32.33, for a total transaction of $323,300.00. Following the sale, the chief operating officer owned 419,735 shares of the company’s stock, valued at approximately $13,570,032.55. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $30.31, for a total value of $303,100.00.
• On Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $34.62, for a total value of $346,200.00.
• On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.50, for a total transaction of $365,000.00.

CarGurus Stock Performance

CARG opened at $33.77 on Wednesday. The firm has a market cap of $3.01 billion, a P/E ratio of 16.40, a PEG ratio of 1.20 and a beta of 1.22. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $41.22. The firm has a 50-day moving average of $32.22 and a 200 day moving average of $32.83.

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, topping the consensus estimate of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The company had revenue of $250.97 million during the quarter, compared to analyst estimates of $249.85 million. During the same quarter last year, the business posted $0.57 EPS. CarGurus’s quarterly revenue was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Equities research analysts predict that CarGurus, Inc. will post 2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in shares of CarGurus during the second quarter valued at approximately $15,631,000. Pale Fire Capital SE bought a new position in CarGurus during the 2nd quarter valued at $13,112,000. Lazard Asset Management LLC boosted its stake in CarGurus by 180.8% during the 1st quarter. Lazard Asset Management LLC now owns 445,868 shares of the company’s stock valued at $15,182,000 after purchasing an additional 287,067 shares in the last quarter. Assenagon Asset Management S.A. increased its position in shares of CarGurus by 159.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 351,886 shares of the company’s stock valued at $10,965,000 after purchasing an additional 216,304 shares during the period. Finally, Bessemer Group Inc. increased its position in shares of CarGurus by 18.2% during the 1st quarter. Bessemer Group Inc. now owns 1,085,061 shares of the company’s stock valued at $36,945,000 after purchasing an additional 166,954 shares during the period. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on CARG shares. Citigroup lifted their price objective on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. BTIG Research boosted their target price on shares of CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. B. Riley Financial restated a “buy” rating on shares of CarGurus in a research note on Friday, August 7th. UBS Group decreased their price target on CarGurus from $40.00 to $35.00 and set a “neutral” rating for the company in a research note on Wednesday, October 7th. Finally, Weiss Ratings cut CarGurus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.95.

About CarGurus

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 vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.

The company also offers tools intended to support automotive retailers’ online operations, including inventory merchandising, lead generation and digital retailing capabilities.