Insider Selling: CarGurus (NASDAQ:CARG) CEO Sells 16,548 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CEO Jason Trevisan sold 16,548 shares of the business’s stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of $39.02, for a total transaction of $645,702.96. Following the completion of the sale, the chief executive officer directly owned 630,483 shares in the company, valued at $24,601,446.66. This represents a 2.56% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Jason Trevisan also recently made the following trade(s):

• On Monday, December 22nd, Jason Trevisan sold 8,452 shares of CarGurus stock. The stock was sold at an average price of $39.04, for a total value of $329,966.08.
• On Tuesday, December 9th, Jason Trevisan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $37.00, for a total value of $740,000.00.

CarGurus Trading Down 0.2%

Shares of CARG stock traded down $0.06 on Monday, hitting $38.58. 397,632 shares of the stock were exchanged, compared to its average volume of 1,025,065. The firm has a market capitalization of $3.68 billion, a P/E ratio of 26.24, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42. CarGurus, Inc. has a fifty-two week low of $24.65 and a fifty-two week high of $41.33. The business has a 50-day moving average of $36.09 and a 200 day moving average of $34.79.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, November 6th. The company reported $0.57 EPS for the quarter, beating the consensus estimate of $0.55 by $0.02. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.The firm had revenue of $238.70 million for the quarter, compared to analysts’ expectations of $234.57 million. During the same quarter in the previous year, the business posted $0.45 EPS. The business’s quarterly revenue was up 3.2% compared to the same quarter last year. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. As a group, research analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Hedge Funds Weigh In On CarGurus

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CARG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new stake in shares of CarGurus during the 2nd quarter worth approximately $27,000. Private Wealth Asset Management LLC acquired a new stake in shares of CarGurus in the 2nd quarter valued at $29,000. Farther Finance Advisors LLC increased its stake in shares of CarGurus by 71.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after purchasing an additional 443 shares during the last quarter. MAI Capital Management raised its holdings in shares of CarGurus by 661.0% during the 2nd quarter. MAI Capital Management now owns 1,172 shares of the company’s stock worth $39,000 after buying an additional 1,018 shares in the last quarter. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of CarGurus during the 3rd quarter worth $46,000. 86.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. BTIG Research reissued a “buy” rating and set a $39.00 price target on shares of CarGurus in a research report on Friday, September 5th. DA Davidson set a $37.50 target price on CarGurus in a report on Monday, November 17th. Citigroup raised their price target on CarGurus from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 28th. UBS Group boosted their price target on CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, October 6th. Finally, JPMorgan Chase & Co. upped their price objective on CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 14th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.41.

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.