CarGurus (NASDAQ:CARG) CTO Sells $113,266.88 in Stock

CarGurus, Inc. (NASDAQ:CARG) CTO Matthew Quinn sold 3,824 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $29.62, for a total value of $113,266.88. Following the completion of the sale, the chief technology officer directly owned 220,193 shares in the company, valued at $6,522,116.66. This trade represents a 1.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Down 2.2%

NASDAQ CARG traded down $0.67 during trading on Monday, hitting $29.35. The company’s stock had a trading volume of 2,138,602 shares, compared to its average volume of 1,247,572. CarGurus, Inc. has a 52 week low of $26.39 and a 52 week high of $41.22. The firm has a market cap of $2.61 billion, a P/E ratio of 15.95, a price-to-earnings-growth ratio of 1.07 and a beta of 1.22. The firm has a 50 day moving average price of $34.80 and a 200 day moving average price of $33.61.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.61 by $0.05. The company had revenue of $250.97 million during the quarter, compared to analysts’ expectations of $249.85 million. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.CarGurus’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.57 earnings per share. 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 earnings per share for the current year.

Institutional Trading of CarGurus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARG. Prevatt Capital Ltd raised its position in CarGurus by 12.5% in the first quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company’s stock worth $84,274,000 after purchasing an additional 275,000 shares in the last quarter. Geode Capital Management LLC boosted its holdings in CarGurus by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company’s stock valued at $80,602,000 after purchasing an additional 24,910 shares in the last quarter. Alta Fox Capital Management LLC grew its stake in shares of CarGurus by 15.9% in the 4th quarter. Alta Fox Capital Management LLC now owns 1,273,544 shares of the company’s stock valued at $48,840,000 after purchasing an additional 174,844 shares during the period. Fort Washington Investment Advisors Inc. OH raised its holdings in shares of CarGurus by 8.5% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,110,231 shares of the company’s stock worth $37,803,000 after buying an additional 86,600 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of CarGurus by 18.2% in the 1st quarter. Bessemer Group Inc. now owns 1,085,061 shares of the company’s stock worth $36,945,000 after buying an additional 166,954 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on the stock. B. Riley Financial restated a “buy” rating on shares of CarGurus in a research report on Friday, August 7th. UBS Group upped 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. BTIG Research increased their target price on shares of CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Citigroup lifted their target price on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Finally, Barclays boosted their price target on CarGurus from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.75.

CarGurus Company Profile

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.