CarGurus (NASDAQ:CARG) General Counsel Sells $230,081.40 in Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 6,205 shares of the business’s stock in a transaction dated Monday, August 3rd. The shares were sold at an average price of $37.08, for a total transaction of $230,081.40. Following the sale, the general counsel directly owned 80,260 shares of the company’s stock, valued at approximately $2,976,040.80. This represents a 7.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 shares were 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 value 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 value 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 value of $238,366.16.

CarGurus Trading Down 0.1%

Shares of NASDAQ CARG opened at $36.38 on Friday. The company has a market cap of $3.28 billion, a price-to-earnings ratio of 23.93, a price-to-earnings-growth ratio of 1.33 and a beta of 1.17. CarGurus, Inc. has a 12-month low of $26.39 and a 12-month high of $39.42. The stock’s 50 day simple moving average is $32.66 and its 200 day simple moving average is $32.61.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The business had revenue of $250.97 million during the quarter, compared to analyst estimates of $249.85 million. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, equities analysts forecast that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on CARG shares. Piper Sandler restated a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. Needham & Company LLC lifted their price objective on shares of CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, May 8th. UBS Group set a $35.00 target price on shares of CarGurus in a research note on Thursday, May 28th. Weiss Ratings cut shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research report on Wednesday, May 13th. Finally, Barclays raised their price target on shares of CarGurus from $35.00 to $40.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, CarGurus presently has an average rating of “Moderate Buy” and an average target price of $38.55.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Brown Brothers Harriman & Co. acquired a new stake in CarGurus in the third quarter worth about $46,000. Torren Management LLC acquired a new position in CarGurus during the 4th quarter valued at about $49,000. EverSource Wealth Advisors LLC raised its position in shares of CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after buying an additional 1,362 shares in the last quarter. Clearstead Advisors LLC raised its position in shares of CarGurus by 321.2% during the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after buying an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in shares of CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after buying an additional 1,697 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Key Headlines Impacting CarGurus

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Q2 earnings and revenue exceeded expectations. CarGurus reported adjusted EPS of $0.66, ahead of the $0.61-$0.62 analyst consensus, while revenue rose 7.2% year over year to approximately $251.0 million, slightly above estimates. EPS increased from $0.57 in the prior-year quarter. CarGurus Beats Q2 Earnings and Revenue Estimates
• Positive Sentiment: Profitability and cash generation remained strong. Second-quarter adjusted EBITDA was $84.7 million, operating cash flow was $94.6 million and free cash flow reached $87.7 million. The company also repurchased $29.2 million of stock during the quarter, bringing cumulative repurchases since December 2022 to more than 30% of shares outstanding. CarGurus Announces Second Quarter 2026 Results
• Positive Sentiment: Q3 EPS guidance was above Wall Street expectations. CarGurus forecast third-quarter EPS of $0.63-$0.69, compared with the $0.61 consensus estimate. This suggests management expects earnings momentum to continue, although the revenue outlook was broadly in line with expectations at $253.5 million-$258.5 million. CarGurus Q2 Key Metrics
• Neutral Sentiment: The earnings call provided additional context on operating trends and the outlook. Investors are assessing management’s commentary on marketplace demand, dealer activity and the sustainability of growth following the quarterly beat. CarGurus Q2 2026 Earnings Call Transcript
• Negative Sentiment: An insider sale adds a modest overhang. General Counsel Javier Zamora sold 6,205 shares for approximately $230,000, reducing his holdings by 7.18%. The transaction was made under a pre-arranged Rule 10b5-1 plan, which lessens its significance as a discretionary bearish signal. CarGurus Insider Selling

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.