Insider Selling: CarGurus (NASDAQ:CARG) CTO Sells $133,954.72 in Stock

CarGurus, Inc. (NASDAQ:CARG) CTO Matthew Todd Quinn sold 3,824 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $35.03, for a total transaction of $133,954.72. Following the completion of the sale, the chief technology officer owned 233,146 shares of the company’s stock, valued at approximately $8,167,104.38. This represents a 1.61% 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.

CarGurus Stock Performance

Shares of CARG opened at $34.19 on Thursday. The company has a 50 day moving average price of $31.21 and a 200-day moving average price of $32.99. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.42. The stock has a market capitalization of $3.08 billion, a PE ratio of 22.49, a PEG ratio of 1.28 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $243.56 million for the quarter, compared to analyst estimates of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. CarGurus’s revenue was up 8.2% compared to the same quarter last year. 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. Equities research analysts forecast that CarGurus, Inc. will post 2.11 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the company. Royal Bank Of Canada upped their price objective on CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. JPMorgan Chase & Co. lifted their target price on CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. UBS Group set a $35.00 target price on shares of CarGurus in a report on Thursday, May 28th. Barclays started coverage on shares of CarGurus in a research report on Thursday, May 28th. They set an “overweight” rating and a $35.00 price target for the company. Finally, Weiss Ratings downgraded shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, CarGurus currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.77.

Institutional Investors Weigh In On CarGurus

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Brown Brothers Harriman & Co. purchased a new stake in shares of CarGurus during the third quarter worth about $46,000. Torren Management LLC purchased a new position in shares of CarGurus in the 4th quarter valued at approximately $49,000. EverSource Wealth Advisors LLC boosted 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 worth $55,000 after purchasing an additional 1,362 shares in the last quarter. Clearstead Advisors LLC boosted its stake in CarGurus by 321.2% in the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after purchasing an additional 1,697 shares during the last quarter. 86.90% of the stock is currently 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.