Javier Zamora Sells 6,205 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 6,205 shares of the firm’s stock in a transaction that occurred on Monday, August 3rd. The stock was sold at an average price of $37.08, for a total value of $230,081.40. Following the sale, the general counsel directly owned 80,260 shares of the company’s stock, valued at $2,976,040.80. This represents a 7.18% decrease in their position. The transaction 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.

Javier Zamora also recently made the following trade(s):

• On Thursday, July 2nd, Javier Zamora sold 3,533 shares of CarGurus stock. The stock was sold at an average price of $36.06, for a total value of $127,399.98.
• On Monday, June 29th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $34.08, for a total transaction of $120,370.56.
• On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The stock was sold at an average price of $32.63, for a total transaction of $115,249.16.
• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The stock was sold at an average price of $29.53, for a total transaction of $238,366.16.

CarGurus Stock Performance

Shares of NASDAQ CARG traded up $0.09 during trading on Tuesday, hitting $37.02. 782,911 shares of the company traded hands, compared to its average volume of 1,288,973. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of 24.36, a P/E/G ratio of 1.32 and a beta of 1.17. The business’s fifty day moving average is $32.21 and its 200 day moving average is $32.56. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.42.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The company had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. During the same period last year, the business posted $0.46 EPS. The firm’s revenue for the quarter was up 8.2% compared to the same quarter last year. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, analysts predict that CarGurus, Inc. will post 2.11 EPS for the current year.

Hedge Funds Weigh In On CarGurus

Institutional investors have recently modified their holdings of the business. Hennion & Walsh Asset Management Inc. increased its position in shares of CarGurus by 1.9% during the second quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock valued at $829,000 after acquiring an additional 459 shares during the last quarter. Pacer Advisors Inc. boosted its position in CarGurus by 31.5% in the first quarter. Pacer Advisors Inc. now owns 342,949 shares of the company’s stock worth $11,677,000 after purchasing an additional 82,222 shares during the last quarter. Bank of America Corp DE grew its stake in CarGurus by 26.6% in the 1st quarter. Bank of America Corp DE now owns 586,346 shares of the company’s stock valued at $19,965,000 after purchasing an additional 123,364 shares during the period. Janus Henderson Group PLC grew its stake in CarGurus by 8.1% in the 1st quarter. Janus Henderson Group PLC now owns 229,225 shares of the company’s stock valued at $7,805,000 after purchasing an additional 17,139 shares during the period. Finally, Smith Group Asset Management LLC increased its position in shares of CarGurus by 68.6% during the 1st quarter. Smith Group Asset Management LLC now owns 16,980 shares of the company’s stock valued at $578,000 after purchasing an additional 6,906 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Weiss Ratings lowered CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Citigroup started coverage on shares of CarGurus in a research report on Friday, June 12th. They issued a “buy” rating for the company. Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Barclays lifted their price objective on shares of CarGurus from $35.00 to $40.00 and gave the company an “overweight” rating in a report on Tuesday, July 21st. Finally, UBS Group set a $35.00 target price on shares of CarGurus in a report on Thursday, May 28th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $38.55.

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.