Jennifer Ladd Hanson Sells 567 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $35.03, for a total transaction of $19,862.01. Following the completion of the sale, the insider owned 91,135 shares of the company’s stock, valued at approximately $3,192,459.05. The trade was a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Ladd Hanson also recently made the following trade(s):

• On Wednesday, July 1st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The stock was sold at an average price of $34.56, for a total transaction of $86,365.44.

CarGurus Trading Down 2.1%

Shares of CARG opened at $34.92 on Wednesday. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $39.42. The firm has a market capitalization of $3.15 billion, a P/E ratio of 22.97, a PEG ratio of 1.30 and a beta of 1.18. The firm’s 50-day moving average is $31.28 and its two-hundred day moving average is $33.02.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same quarter last year, the business posted $0.46 earnings per share. The business’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. Analysts predict that CarGurus, Inc. will post 2.11 EPS for the current year.

Analyst Upgrades and Downgrades

CARG has been the topic of a number of recent analyst reports. Freedom Capital raised CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Needham & Company LLC increased their price objective on shares of CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, May 8th. UBS Group set a $35.00 target price on shares of CarGurus in a report on Thursday, May 28th. Barclays assumed coverage on shares of CarGurus in a research report on Thursday, May 28th. They set an “overweight” rating and a $35.00 price target for the company. Finally, Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, CarGurus presently has a consensus rating of “Moderate Buy” and an average price target of $37.77.

Institutional Trading of CarGurus

A number of hedge funds and other institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. increased its position in CarGurus by 17.8% in the third quarter. JPMorgan Chase & Co. now owns 545,636 shares of the company’s stock worth $20,314,000 after buying an additional 82,511 shares during the period. Congress Asset Management Co. boosted its holdings in shares of CarGurus by 2.9% during the fourth quarter. Congress Asset Management Co. now owns 1,958,144 shares of the company’s stock valued at $75,095,000 after acquiring an additional 54,937 shares during the period. Convergence Investment Partners LLC bought a new position in shares of CarGurus during the fourth quarter worth about $3,742,000. Aberdeen Group plc acquired a new stake in shares of CarGurus in the 4th quarter worth about $14,643,000. Finally, AEGON ASSET MANAGEMENT UK Plc acquired a new stake in shares of CarGurus in the 4th quarter worth about $2,113,000. 86.90% of the stock is owned by hedge funds and other institutional investors.

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.