Jason Trevisan Sells 1,100 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) CEO Jason Trevisan sold 1,100 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $41.06, for a total transaction of $45,166.00. Following the completion of the transaction, the chief executive officer directly owned 674,762 shares of the company’s stock, valued at approximately $27,705,727.72. The trade was a 0.16% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Up 1.9%

Shares of CARG stock opened at $36.88 on Thursday. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $41.22. The stock’s fifty day simple moving average is $33.35 and its 200 day simple moving average is $32.71. The firm has a market capitalization of $3.33 billion, a P/E ratio of 20.04, a P/E/G ratio of 1.32 and a beta of 1.17.

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 analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The business had revenue of $250.97 million during the quarter, compared to the consensus estimate of $249.85 million. During the same period in the prior year, the business posted $0.57 earnings per share. CarGurus’s quarterly revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, equities research analysts expect that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Brown Brothers Harriman & Co. purchased a new position in CarGurus in the 3rd quarter worth approximately $46,000. Torren Management LLC purchased a new stake in shares of CarGurus during the 4th quarter valued at $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 valued at $55,000 after buying an additional 1,362 shares in the last quarter. Clearstead Advisors LLC lifted its holdings 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 acquiring an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its position in CarGurus by 356.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after acquiring an additional 1,697 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

CARG has been the subject of several recent analyst reports. Piper Sandler reiterated a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. B. Riley Financial restated a “buy” rating on shares of CarGurus in a report on Friday, August 7th. UBS Group upped their price objective on shares of CarGurus from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Citigroup initiated coverage on shares of CarGurus in a research note on Friday, June 12th. They issued a “buy” rating for the company. Finally, Oppenheimer lifted their target price on shares of CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.95.

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.