Jason Trevisan Sells 8,452 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) CEO Jason Trevisan sold 8,452 shares of CarGurus stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $39.04, for a total value of $329,966.08. Following the completion of the sale, the chief executive officer directly owned 647,031 shares in the company, valued at $25,260,090.24. This trade represents a 1.29% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Jason Trevisan also recently made the following trade(s):

• On Tuesday, December 23rd, Jason Trevisan sold 16,548 shares of CarGurus stock. The shares were sold at an average price of $39.02, for a total value of $645,702.96.
• On Tuesday, December 9th, Jason Trevisan sold 20,000 shares of CarGurus stock. The stock was sold at an average price of $37.00, for a total value of $740,000.00.

CarGurus Price Performance

Shares of CARG opened at $38.15 on Wednesday. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 25.95, a price-to-earnings-growth ratio of 1.79 and a beta of 1.42. CarGurus, Inc. has a 1 year low of $24.65 and a 1 year high of $41.33. The business’s 50 day simple moving average is $36.19 and its 200-day simple moving average is $34.89.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, November 6th. The company reported $0.57 earnings per share for the quarter, beating analysts’ consensus estimates of $0.55 by $0.02. The firm had revenue of $238.70 million during the quarter, compared to analyst estimates of $234.57 million. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. CarGurus’s revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period last year, the firm posted $0.45 earnings per share. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, sell-side analysts expect that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of CARG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of CarGurus in the second quarter worth approximately $27,000. Private Wealth Asset Management LLC purchased a new stake in CarGurus in the second quarter worth $29,000. MAI Capital Management increased its stake in CarGurus by 661.0% in the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock worth $39,000 after purchasing an additional 1,018 shares during the period. Farther Finance Advisors LLC increased its stake in CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares during the period. Finally, Brown Brothers Harriman & Co. bought a new stake in shares of CarGurus during the third quarter worth $46,000. Institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CARG has been the subject of a number of analyst reports. UBS Group increased their price target on shares of CarGurus from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, October 6th. JPMorgan Chase & Co. upped their price objective on CarGurus from $38.00 to $43.00 and gave the company a “neutral” rating in a research report on Tuesday, October 14th. DA Davidson set a $37.50 price objective on CarGurus in a research note on Monday, November 17th. BTIG Research lifted their target price on CarGurus from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday. Finally, Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, November 22nd. Five investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.86.

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.