Dafna Sarnoff Sells 17,151 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) CMO Dafna Sarnoff sold 17,151 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $37.00, for a total transaction of $634,587.00. Following the completion of the transaction, the chief marketing officer owned 109,668 shares of the company’s stock, valued at approximately $4,057,716. This represents a 13.52% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Performance

Shares of CarGurus stock opened at $37.44 on Friday. The firm has a market cap of $3.33 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 1.36 and a beta of 1.17. The firm’s 50-day simple moving average is $33.76 and its 200-day simple moving average is $32.77. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $41.22.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. The firm had revenue of $250.97 million during 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%. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, equities analysts forecast that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently commented on CARG. BTIG Research raised their target price on CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada increased their price target on shares of CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Wall Street Zen lowered shares of CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Needham & Company LLC boosted their price objective on shares of CarGurus from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, Barclays upped their price objective on CarGurus from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.75.

Institutional Trading of CarGurus

A number of institutional investors have recently bought and sold shares of the business. Horizon Investments LLC lifted its stake in shares of CarGurus by 2.0% in the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock valued at $628,000 after purchasing an additional 318 shares during the period. ProShare Advisors LLC grew its stake in shares of CarGurus by 2.8% during the fourth 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 period. Ritholtz Wealth Management increased its holdings in CarGurus by 4.2% in the first quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock valued at $376,000 after purchasing an additional 449 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in CarGurus by 1.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock valued at $829,000 after buying an additional 459 shares during the period. Finally, HighTower Advisors LLC boosted its holdings in CarGurus by 7.8% during the fourth quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock worth $272,000 after buying an additional 514 shares during the last quarter. Institutional investors and hedge funds 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.