CarGurus (NASDAQ:CARG) General Counsel Sells $238,366.16 in Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 8,072 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $29.53, for a total transaction of $238,366.16. Following the completion of the transaction, the general counsel directly owned 103,061 shares in the company, valued at approximately $3,043,391.33. The trade was a 7.26% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

CarGurus Stock Performance

Shares of NASDAQ CARG opened at $27.42 on Friday. 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 cap of $2.47 billion, a price-to-earnings ratio of 18.04, a PEG ratio of 1.00 and a beta of 1.20. The firm’s 50-day simple moving average is $33.15 and its 200 day simple moving average is $33.78.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results 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. The business had revenue of $243.56 million for the quarter, compared to analysts’ expectations of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, sell-side analysts predict that CarGurus, Inc. will post 2.11 EPS for the current year.

Institutional Investors Weigh In On CarGurus

Several large investors have recently modified their holdings of the stock. Horizon Investments LLC increased its stake in shares of CarGurus by 2.0% during the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock worth $628,000 after purchasing an additional 318 shares during the last quarter. ProShare Advisors LLC increased its stake in shares of CarGurus by 2.8% during the 4th quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock worth $613,000 after purchasing an additional 436 shares during the last quarter. Ritholtz Wealth Management increased its stake in shares of CarGurus by 4.2% during the 1st quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock worth $376,000 after purchasing an additional 449 shares during the last quarter. HighTower Advisors LLC increased its stake in shares of CarGurus by 7.8% during the 4th quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock worth $272,000 after purchasing an additional 514 shares during the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in shares of CarGurus by 1.6% during the 4th quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock worth $1,671,000 after purchasing an additional 679 shares during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Needham & Company LLC increased their price objective on shares of CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price objective on shares of CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research note on Monday, May 11th. BTIG Research decreased their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research note on Friday, February 20th. JPMorgan Chase & Co. increased their price objective on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Finally, Barclays assumed coverage on shares of CarGurus in a research note on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective for the company. Six investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat.com, CarGurus has a consensus rating of “Hold” and a consensus target price of $37.79.

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.