CarGurus (NASDAQ:CARG) Insider Jennifer Ladd Hanson Sells 567 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of the business’s stock in a transaction on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total value of $19,862.01. Following the completion of the sale, the insider directly owned 91,135 shares in the company, valued at $3,192,459.05. This represents a 0.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 Wednesday, July 1st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The stock was sold at an average price of $34.56, for a total value of $86,365.44.

CarGurus Stock Up 1.7%

CarGurus stock traded up $0.59 during midday trading on Tuesday, hitting $36.25. The company’s stock had a trading volume of 57,997 shares, compared to its average volume of 1,310,824. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The company has a market capitalization of $3.27 billion, a PE ratio of 23.81, a price-to-earnings-growth ratio of 1.32 and a beta of 1.18. The stock’s 50-day moving average price is $31.34 and its 200-day moving average price is $33.04.

CarGurus (NASDAQ:CARG) last posted 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. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The company had revenue of $243.56 million during the quarter, compared to analyst estimates of $243.10 million. During the same quarter last year, the firm posted $0.46 EPS. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, equities analysts anticipate that CarGurus, Inc. will post 2.11 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CARG. Barclays initiated coverage on CarGurus in a research report on Thursday, May 28th. They set an “overweight” rating and a $35.00 price objective for the company. UBS Group set a $35.00 target price on CarGurus in a report on Thursday, May 28th. Piper Sandler reiterated a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. Needham & Company LLC lifted their price target on CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Finally, Freedom Capital raised shares of CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $37.77.

Hedge Funds Weigh In On CarGurus

Large investors have recently made changes to their positions in the business. UBS Group AG boosted its holdings in shares of CarGurus by 158.2% during the third quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock worth $57,254,000 after purchasing an additional 942,199 shares during the period. Wellington Management Group LLP increased its stake in CarGurus by 6.6% in the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after buying an additional 594,670 shares during the period. William Blair Investment Management LLC purchased a new stake in CarGurus in the 4th quarter worth approximately $21,756,000. Northwestern Mutual Wealth Management Co. lifted its position in CarGurus by 159,137.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock worth $22,787,000 after buying an additional 536,292 shares in the last quarter. Finally, Prevatt Capital Ltd boosted its stake in shares of CarGurus by 28.1% during the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company’s stock valued at $76,322,000 after buying an additional 450,000 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.