Jennifer Ladd Hanson Sells 2,499 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 2,499 shares of the stock in a transaction that occurred on Wednesday, July 1st. The shares were sold at an average price of $34.56, for a total value of $86,365.44. Following the transaction, the insider owned 92,894 shares of the company’s stock, valued at approximately $3,210,416.64. This trade represents a 2.62% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Trading Up 3.1%

NASDAQ CARG traded up $1.10 during trading hours on Thursday, reaching $36.24. 1,136,910 shares of the company traded hands, compared to its average volume of 1,322,150. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The stock has a market capitalization of $3.27 billion, a PE ratio of 23.84, a PEG ratio of 1.25 and a beta of 1.18. The company has a 50 day moving average of $31.45 and a two-hundred day moving average of $33.09.

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

Analyst Ratings Changes

Several analysts have weighed in on CARG shares. Citigroup assumed coverage on shares of CarGurus in a research note on Friday, June 12th. They set a “buy” rating for the company. JPMorgan Chase & Co. lifted their price target on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, May 8th. Freedom Capital upgraded shares of CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Piper Sandler reissued a “sector weight” rating on shares of CarGurus in a report on Friday, June 12th. Finally, Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.77.

Institutional Trading of CarGurus

Institutional investors have recently made changes to their positions in the stock. Horizon Investments LLC grew its holdings in shares of CarGurus by 2.0% during the fourth quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock valued at $628,000 after buying an additional 318 shares in the last quarter. ProShare Advisors LLC grew its position in CarGurus by 2.8% in the fourth quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock worth $613,000 after acquiring an additional 436 shares in the last quarter. Ritholtz Wealth Management increased its position in CarGurus by 4.2% during the first quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock worth $376,000 after buying an additional 449 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of CarGurus by 7.8% during the 4th quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock valued at $272,000 after acquiring an additional 514 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in shares of CarGurus by 1.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock worth $1,671,000 after buying an additional 679 shares during the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.

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.