CarGurus (NASDAQ:CARG) General Counsel Javier Zamora Sells 8,072 Shares

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 8,072 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $29.53, for a total value of $238,366.16. Following the completion of the transaction, the general counsel owned 103,061 shares of the company’s stock, valued at $3,043,391.33. The trade was a 7.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

CarGurus Stock Performance

CARG opened at $27.25 on Thursday. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The firm has a market capitalization of $2.46 billion, a PE ratio of 17.93, a PEG ratio of 1.05 and a beta of 1.20. The business’s 50-day simple moving average is $33.46 and its 200 day simple moving average is $33.88.

CarGurus (NASDAQ:CARG) last posted 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 firm 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 company earned $0.46 earnings per share. The business’s revenue 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, research analysts forecast that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. UBS Group AG boosted its holdings in shares of CarGurus by 158.2% during the third quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock worth $57,254,000 after acquiring an additional 942,199 shares during the period. Wellington Management Group LLP lifted its holdings in CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock worth $358,773,000 after purchasing an additional 594,670 shares during the last quarter. William Blair Investment Management LLC acquired a new stake in CarGurus during the 4th quarter worth approximately $21,756,000. Northwestern Mutual Wealth Management Co. boosted its stake in CarGurus by 159,137.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock valued at $22,787,000 after purchasing an additional 536,292 shares during the period. Finally, Prevatt Capital Ltd boosted its stake in CarGurus by 28.1% in the 3rd quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company’s stock valued at $76,322,000 after purchasing an additional 450,000 shares during the period. 86.90% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. DA Davidson lowered their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Barclays assumed coverage on CarGurus in a research report on Thursday, May 28th. They set an “overweight” rating and a $35.00 price target on the stock. Needham & Company LLC upped their price objective on CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Finally, Royal Bank Of Canada boosted their target price on CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a report on Monday, May 11th. Six research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, CarGurus presently has a consensus rating of “Hold” and a consensus target price of $37.79.

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.