CarGurus (NASDAQ:CARG) General Counsel Javier Zamora Sells 3,532 Shares

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $34.08, for a total value of $120,370.56. Following the sale, the general counsel directly owned 95,997 shares in the company, valued at approximately $3,271,577.76. This represents a 3.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Zamora also recently made the following trade(s):

• On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were 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 Stock Performance

Shares of CARG stock opened at $35.14 on Thursday. CarGurus, Inc. has a 52 week low of $26.39 and a 52 week high of $39.42. The company’s 50 day moving average price is $31.45 and its two-hundred day moving average price is $33.09. The company has a market capitalization of $3.17 billion, a P/E ratio of 23.12, a price-to-earnings-growth ratio of 1.25 and a beta of 1.18.

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

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Piper Sandler reissued a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Wall Street Zen raised CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Citigroup began coverage on CarGurus in a report on Friday, June 12th. They set a “buy” rating for the company. Needham & Company LLC lifted their target price on CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Finally, UBS Group set a $35.00 target price on CarGurus in a research note on Thursday, May 28th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, CarGurus has a consensus rating of “Moderate Buy” and an average price target of $37.77.

Institutional Investors Weigh In On CarGurus

Several institutional investors and hedge funds have recently added to or reduced their stakes in CARG. Brown Brothers Harriman & Co. bought a new position in shares of CarGurus in the 3rd quarter valued at about $46,000. Torren Management LLC bought a new stake in CarGurus during the fourth quarter worth about $49,000. EverSource Wealth Advisors LLC boosted its position in CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after purchasing an additional 1,362 shares during the last quarter. Clearstead Advisors LLC boosted its position in CarGurus by 321.2% during the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in CarGurus by 356.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after purchasing an additional 1,697 shares in the last quarter. 86.90% of the stock is owned by institutional investors.

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.