CarGurus (NASDAQ:CARG) Insider Jennifer Ladd Hanson Sells 2,499 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 2,499 shares of the company’s stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total value of $86,365.44. Following the completion of the sale, the insider directly owned 92,894 shares in the company, valued at approximately $3,210,416.64. The trade was a 2.62% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Up 3.1%

Shares of NASDAQ:CARG opened at $36.24 on Friday. The company has a market capitalization of $3.27 billion, a P/E ratio of 23.84, a P/E/G ratio of 1.28 and a beta of 1.18. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The stock’s fifty day simple moving average is $31.41 and its 200-day simple moving average is $33.07.

CarGurus (NASDAQ:CARG) last announced its 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. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The firm had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. During the same quarter in the previous year, the company posted $0.46 EPS. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, sell-side analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Institutional Trading of CarGurus

A number of institutional investors have recently modified their holdings of CARG. Royal Bank of Canada increased its position in shares of CarGurus by 22.6% in the first quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after acquiring an additional 13,834 shares in the last quarter. AQR Capital Management LLC grew its stake in shares of CarGurus by 25.4% in the first 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 in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 lifted its position in CarGurus by 113.0% during the 1st quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after acquiring an additional 65,420 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in CarGurus in the 2nd quarter worth approximately $87,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. Barclays assumed coverage on CarGurus in a research report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective for the company. JPMorgan Chase & Co. lifted their price target on CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, May 8th. UBS Group set a $35.00 price objective on shares of CarGurus in a research note on Thursday, May 28th. Finally, Weiss Ratings cut shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. One 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 company. According to MarketBeat.com, CarGurus presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.77.

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.