CarGurus (NASDAQ:CARG) General Counsel Sells $120,370.56 in Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $34.08, for a total value of $120,370.56. Following the completion of the sale, the general counsel directly owned 95,997 shares of the company’s stock, valued at $3,271,577.76. The trade was a 3.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Zamora also recently made the following trade(s):

• On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $32.63, for a total transaction of $115,249.16.
• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The shares were sold at an average price of $29.53, for a total transaction of $238,366.16.

CarGurus Price Performance

Shares of NASDAQ:CARG opened at $36.24 on Friday. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $39.42. The stock has a market cap of $3.27 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.32 and a beta of 1.18. The firm has a fifty day moving average price of $31.38 and a 200 day moving average price of $33.10.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The company had revenue of $243.56 million for the quarter, compared to analyst estimates of $243.10 million. During the same period in the previous year, the business posted $0.46 earnings per share. CarGurus’s quarterly revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Sell-side analysts expect that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On CarGurus

A number of institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in CarGurus by 22.6% during the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after purchasing an additional 13,834 shares during the period. AQR Capital Management LLC lifted its holdings in shares of CarGurus by 25.4% in the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after buying an additional 5,259 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of CarGurus by 3.0% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock valued at $1,889,000 after buying an additional 1,890 shares in the last quarter. Jane Street Group LLC boosted its stake in shares of CarGurus by 113.0% in the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock valued at $3,592,000 after buying an additional 65,420 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in CarGurus during the second quarter worth $87,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on CARG. Barclays started coverage on CarGurus in a research note on Thursday, May 28th. They set an “overweight” rating and a $35.00 price objective for the company. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Royal Bank Of Canada boosted their target price on CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, May 11th. UBS Group set a $35.00 price target on CarGurus in a research note on Thursday, May 28th. Finally, JPMorgan Chase & Co. increased their price target on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a report on Friday, May 8th. One 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 stock. According to data from MarketBeat, CarGurus presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.77.

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.