Ismail Elshareef Sells 1,228 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) insider Ismail Elshareef sold 1,228 shares of CarGurus stock in a transaction that occurred on Monday, November 3rd. The shares were sold at an average price of $34.98, for a total value of $42,955.44. Following the completion of the sale, the insider directly owned 95,907 shares in the company, valued at approximately $3,354,826.86. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.

CarGurus Stock Down 3.2%

Shares of NASDAQ CARG traded down $1.11 during trading hours on Tuesday, hitting $33.98. The company had a trading volume of 894,571 shares, compared to its average volume of 1,040,379. The stock has a market capitalization of $3.37 billion, a P/E ratio of 27.63, a price-to-earnings-growth ratio of 1.66 and a beta of 1.50. CarGurus, Inc. has a 1-year low of $24.65 and a 1-year high of $41.33. The firm’s 50 day moving average is $35.86 and its 200-day moving average is $33.19.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, August 7th. The company reported $0.57 EPS for the quarter, topping the consensus estimate of $0.54 by $0.03. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The company had revenue of $234.03 million during the quarter, compared to the consensus estimate of $232.29 million. During the same period in the previous year, the company posted $0.41 EPS. The firm’s revenue for the quarter was up 7.0% compared to the same quarter last year. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. On average, sell-side analysts predict that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CARG. Oppenheimer cut their target price on CarGurus from $42.00 to $40.00 and set an “outperform” rating for the company in a research report on Tuesday, August 12th. UBS Group upped their target price on CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, October 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CarGurus in a research note on Wednesday, October 8th. Needham & Company LLC lifted their price objective on CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Friday, August 8th. Finally, JPMorgan Chase & Co. lifted 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 research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $40.05.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CARG. Principal Financial Group Inc. raised its stake in CarGurus by 2.3% in the 1st quarter. Principal Financial Group Inc. now owns 482,484 shares of the company’s stock worth $14,055,000 after acquiring an additional 10,787 shares during the last quarter. Intech Investment Management LLC raised its stake in CarGurus by 50.0% in the 1st quarter. Intech Investment Management LLC now owns 67,246 shares of the company’s stock worth $1,959,000 after acquiring an additional 22,425 shares during the last quarter. Nordea Investment Management AB raised its stake in CarGurus by 6.7% in the 2nd quarter. Nordea Investment Management AB now owns 336,930 shares of the company’s stock worth $11,247,000 after acquiring an additional 21,167 shares during the last quarter. Vanguard Group Inc. raised its stake in CarGurus by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company’s stock worth $284,909,000 after acquiring an additional 93,722 shares during the last quarter. Finally, Bosman Wealth Management LLC purchased a new position in CarGurus in the 1st quarter worth $2,638,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About CarGurus

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.