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

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the business’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of $36.50, for a total value of $365,000.00. Following the sale, the chief operating officer owned 465,349 shares of the company’s stock, valued at approximately $16,985,238.50. This represents a 2.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Down 2.5%

Shares of NASDAQ:CARG opened at $35.66 on Tuesday. The stock has a market capitalization of $3.18 billion, a PE ratio of 19.38, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. The firm’s 50 day moving average price is $35.46 and its 200-day moving average price is $33.21. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $41.22.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating 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 period in the previous year, the business posted $0.57 earnings per share. The firm’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. Analysts expect that CarGurus, Inc. will post 2.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages recently commented on CARG. JPMorgan Chase & Co. raised their target price on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. Needham & Company LLC boosted 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. Oppenheimer upped their price target on CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 12th. UBS Group raised their price objective on CarGurus from $37.00 to $40.00 and gave the stock a “neutral” rating in a research note on Friday, August 7th. Finally, Royal Bank Of Canada lifted their price objective on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. 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 company. Based on data from MarketBeat, CarGurus presently has an average rating of “Moderate Buy” and a consensus target price of $40.75.

Institutional Investors Weigh In On CarGurus

A number of hedge funds have recently bought and sold shares of CARG. Brown Brothers Harriman & Co. bought a new stake in shares of CarGurus in the 3rd quarter worth about $46,000. Public Employees Retirement System of Ohio purchased a new position in CarGurus in the second quarter worth about $43,000. EverSource Wealth Advisors LLC increased its stake in CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares during the last quarter. Clearstead Advisors LLC raised its position in CarGurus by 321.2% during the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after purchasing an additional 1,622 shares during the period. Finally, Rockefeller Capital Management L.P. boosted its holdings 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 worth $83,000 after purchasing an additional 1,697 shares during the period. Hedge funds and other institutional investors 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.