CarGurus (NASDAQ:CARG) Director Sells 10,000 Shares

CarGurus, Inc. (NASDAQ:CARG) Director Greg Schwartz sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $36.07, for a total transaction of $360,700.00. Following the sale, the director owned 8,716 shares in the company, valued at approximately $314,386.12. This trade represents a 53.43% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link.

CarGurus Stock Performance

Shares of CarGurus stock traded down $0.57 during trading on Friday, hitting $37.37. The company’s stock had a trading volume of 725,204 shares, compared to its average volume of 1,279,771. The company has a fifty day simple moving average of $33.56 and a two-hundred day simple moving average of $32.73. The company has a market capitalization of $3.37 billion, a PE ratio of 20.31, a P/E/G ratio of 1.36 and a beta of 1.17. CarGurus, Inc. has a 52 week low of $26.39 and a 52 week high of $41.22.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. The business had revenue of $250.97 million for the quarter, compared to analyst estimates of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. CarGurus’s quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, analysts predict that CarGurus, Inc. will post 2.09 EPS for the current year.

Analysts Set New Price Targets

Several analysts recently weighed in on CARG shares. Oppenheimer upped their price target on CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday. Freedom Capital raised CarGurus to a “strong-buy” rating in a report on Friday, June 12th. Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a research note on Saturday, August 8th. Royal Bank Of Canada raised their price target on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of CarGurus in a research report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned 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 target price of $40.75.

Institutional Investors Weigh In On CarGurus

Several institutional investors and hedge funds have recently made changes to their positions in CARG. Brown Brothers Harriman & Co. bought a new position in CarGurus in the 3rd quarter valued at approximately $46,000. Torren Management LLC bought a new stake in shares of CarGurus in the 4th quarter worth $49,000. EverSource Wealth Advisors LLC increased its holdings in shares of CarGurus by 491.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after purchasing an additional 1,362 shares in the last quarter. Clearstead Advisors LLC raised its stake in shares of CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in shares of CarGurus by 356.5% in the fourth 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 last quarter. 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.