CarGurus (NASDAQ:CARG) CMO Sells 17,151 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CMO Dafna Sarnoff sold 17,151 shares of CarGurus stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $37.00, for a total transaction of $634,587.00. Following the sale, the chief marketing officer directly owned 109,668 shares of the company’s stock, valued at $4,057,716. This represents a 13.52% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Performance

CARG traded down $0.57 during trading on Friday, reaching $37.37. The stock had a trading volume of 725,204 shares, compared to its average volume of 1,279,771. The stock has a market cap of $3.37 billion, a PE ratio of 20.31, a PEG ratio of 1.36 and a beta of 1.17. CarGurus, Inc. has a one year low of $26.39 and a one year high of $41.22. The business has a 50-day moving average of $33.56 and a 200-day moving average of $32.73.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The firm had revenue of $250.97 million during the quarter, compared to analyst estimates of $249.85 million. During the same quarter in the previous year, the company posted $0.57 earnings per share. The company’s revenue was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Equities research analysts forecast that CarGurus, Inc. will post 2.09 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CARG. UBS Group increased their price target on shares of CarGurus from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CarGurus in a report on Friday, August 7th. JPMorgan Chase & Co. upped their price target on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Finally, Royal Bank Of Canada raised their price objective on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Horizon Investments LLC raised its holdings in CarGurus by 2.0% during the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock valued at $628,000 after buying an additional 318 shares during the last quarter. ProShare Advisors LLC grew its holdings in CarGurus by 2.8% in the 4th quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock worth $613,000 after acquiring an additional 436 shares during the last quarter. Ritholtz Wealth Management grew its holdings in CarGurus by 4.2% in the 1st quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock worth $376,000 after acquiring an additional 449 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in shares of CarGurus by 1.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock valued at $829,000 after acquiring an additional 459 shares during the period. Finally, HighTower Advisors LLC increased its position in shares of CarGurus by 7.8% in the fourth 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 period. Institutional investors own 86.90% of the company’s stock.

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.