CarGurus (NASDAQ:CARG) Insider Sells $63,496.12 in Stock

CarGurus, Inc. (NASDAQ:CARG) insider Ismail Elshareef sold 1,964 shares of the stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $32.33, for a total transaction of $63,496.12. Following the completion of the transaction, the insider directly owned 123,670 shares in the company, valued at $3,998,251.10. The trade was a 1.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ismail Elshareef also recently made the following trade(s):

• On Friday, October 2nd, Ismail Elshareef sold 2,673 shares of CarGurus stock. The shares were sold at an average price of $29.62, for a total transaction of $79,174.26.

CarGurus Stock Performance

NASDAQ CARG opened at $36.16 on Friday. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $41.22. The company has a market capitalization of $3.22 billion, a P/E ratio of 17.73, a P/E/G ratio of 1.30 and a beta of 1.22. The company has a fifty day moving average of $32.22 and a 200-day moving average of $32.85.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.04. The company had revenue of $258.37 million during the quarter, compared to analyst estimates of $256.46 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business earned $0.57 earnings per share. As a group, analysts forecast that CarGurus, Inc. will post 2.17 EPS for the current fiscal year.

Trending Headlines about CarGurus

Here are the key news stories impacting CarGurus this week:

• Positive Sentiment: Q3 revenue rose 12% year over year to $258 million, near the high end of CarGurus’ guidance and above the $256.5 million analyst estimate. Adjusted EPS of $0.70 also topped the $0.66 consensus. CarGurus Announces Third Quarter 2026 Results
• Positive Sentiment: The company reported $73.9 million in free cash flow and authorized a $250 million share repurchase program, which could support shareholder returns and signal confidence in its finances. CarGurus Announces Third Quarter 2026 Results
• Negative Sentiment: Despite the quarterly beat, CarGurus’ revenue outlook was slightly below expectations. That guidance shortfall may temper the positive reaction to its earnings and sales growth. Q3 sales beat estimates, but revenue guidance slightly misses

Analyst Ratings Changes

Several brokerages have recently commented on CARG. Oppenheimer increased their price objective on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Royal Bank Of Canada boosted their target price on CarGurus from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. Citigroup boosted their target price on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, August 14th. Barclays cut their target price on CarGurus from $41.00 to $38.00 and set an “overweight” rating for the company in a research note on Tuesday, October 6th. Finally, Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, October 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, CarGurus presently has an average rating of “Moderate Buy” and an average price target of $39.95.

Institutional Trading of CarGurus

Several institutional investors have recently added to or reduced their stakes in CARG. Gagnon Securities LLC increased its position in shares of CarGurus by 0.4% in the third quarter. Gagnon Securities LLC now owns 368,573 shares of the company’s stock valued at $11,485,000 after acquiring an additional 1,500 shares during the period. Maryland State Retirement & Pension System raised its stake in shares of CarGurus by 53.6% during the third quarter. Maryland State Retirement & Pension System now owns 16,892 shares of the company’s stock valued at $526,000 after acquiring an additional 5,896 shares during the last quarter. Ritholtz Wealth Management raised its stake in shares of CarGurus by 8.5% during the third quarter. Ritholtz Wealth Management now owns 12,827 shares of the company’s stock valued at $400,000 after acquiring an additional 1,003 shares during the last quarter. Jefferies Financial Group Inc. purchased a new stake in shares of CarGurus during the third quarter worth about $1,334,000. Finally, Lido Advisors LLC boosted its holdings in shares of CarGurus by 21.5% during the third quarter. Lido Advisors LLC now owns 9,146 shares of the company’s stock worth $285,000 after purchasing an additional 1,616 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

About CarGurus

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.

The company also offers tools intended to support automotive retailers’ online operations, including inventory merchandising, lead generation and digital retailing capabilities.