CarGurus (NASDAQ:CARG) COO Samuel Zales Sells 10,000 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of $34.62, for a total value of $346,200.00. Following the completion of the transaction, the chief operating officer owned 455,349 shares of the company’s stock, valued at approximately $15,764,182.38. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samuel Zales also recently made the following trade(s):

• On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.50, for a total value of $365,000.00.

CarGurus Price Performance

Shares of CarGurus stock opened at $33.75 on Friday. CarGurus, Inc. has a 1 year low of $26.39 and a 1 year high of $41.22. The firm’s 50-day moving average is $35.50 and its 200 day moving average is $33.69. The stock has a market cap of $3.01 billion, a price-to-earnings ratio of 18.34, a PEG ratio of 1.23 and a beta of 1.16.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The business had revenue of $250.97 million during the quarter, compared to analyst estimates of $249.85 million. During the same quarter in the previous year, the firm earned $0.57 EPS. CarGurus’s revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, equities analysts expect that CarGurus, Inc. will post 2.17 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on CARG shares. UBS Group boosted their price objective on shares of CarGurus from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Weiss Ratings upgraded shares of CarGurus from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, August 22nd. Oppenheimer upped their price target on shares of CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Finally, Needham & Company LLC increased 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. One investment 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, CarGurus currently has an average rating of “Moderate Buy” and an average price target of $40.75.

Institutional Trading of CarGurus

A number of large investors have recently made changes to their positions in CARG. Tidal Investments LLC lifted its holdings in CarGurus by 16.0% during the 2nd quarter. Tidal Investments LLC now owns 61,437 shares of the company’s stock valued at $2,094,000 after buying an additional 8,468 shares in the last quarter. RFG Advisory LLC bought a new position in CarGurus in the 2nd quarter worth about $1,421,000. Squarepoint Ops LLC purchased a new position in shares of CarGurus during the second quarter worth approximately $288,000. Nykredit A S bought a new stake in shares of CarGurus during the second quarter valued at approximately $183,000. Finally, Corient Private Wealth LP grew its stake in CarGurus by 657.4% in the second quarter. Corient Private Wealth LP now owns 183,666 shares of the company’s stock worth $6,261,000 after purchasing an additional 159,416 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate pricing and vehicle details, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital advertising and marketing products designed to help them display inventory and reach prospective buyers.

The company also provides tools and services intended to support automotive retailers throughout the vehicle-shopping process, including inventory merchandising, lead generation, pricing insights and digital retail capabilities.