Insider Selling: CarGurus (NASDAQ:CARG) COO Sells $323,300.00 in Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $32.33, for a total value of $323,300.00. Following the completion of the sale, the chief operating officer directly owned 419,735 shares in the company, valued at $13,570,032.55. This trade represents a 2.33% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samuel Zales also recently made the following trade(s):

• On Thursday, October 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $30.31, for a total value of $303,100.00.
• On Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $34.62, for a total transaction of $346,200.00.
• On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.50, for a total transaction of $365,000.00.

CarGurus Trading Down 1.0%

CARG opened at $36.16 on Friday. The company’s 50 day moving average is $32.22 and its 200-day moving average is $32.85. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $41.22. The company has a market cap of $3.22 billion, a P/E ratio of 17.73, a PEG ratio of 1.30 and a beta of 1.22.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.04. The business had revenue of $258.37 million during the quarter, compared to analysts’ expectations 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 prior year, the company earned $0.57 EPS. On average, equities analysts forecast that CarGurus, Inc. will post 2.17 EPS for the current year.

CarGurus News Summary

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

Hedge Funds Weigh In On CarGurus

A number of hedge funds have recently modified their holdings of the business. Congress Asset Management Co. increased its position in CarGurus by 7.6% during the 3rd quarter. Congress Asset Management Co. now owns 2,125,686 shares of the company’s stock valued at $66,236,000 after purchasing an additional 149,338 shares during the period. Bessemer Group Inc. raised its holdings in CarGurus by 18.2% during the 1st quarter. Bessemer Group Inc. now owns 1,085,061 shares of the company’s stock worth $36,945,000 after purchasing an additional 166,954 shares during the last quarter. Bank of America Corp DE lifted its position in shares of CarGurus by 26.6% in the 1st quarter. Bank of America Corp DE now owns 586,346 shares of the company’s stock worth $19,965,000 after purchasing an additional 123,364 shares during the period. Principal Financial Group Inc. lifted its position in shares of CarGurus by 19.1% in the 1st quarter. Principal Financial Group Inc. now owns 573,406 shares of the company’s stock worth $19,524,000 after purchasing an additional 91,755 shares during the period. Finally, Bank of New York Mellon Corp acquired a new position in shares of CarGurus in the 2nd quarter worth approximately $15,631,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on CARG shares. Weiss Ratings cut CarGurus from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, October 23rd. Barclays reduced their price objective on CarGurus from $41.00 to $38.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 6th. BTIG Research upped their target price on CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, August 7th. UBS Group dropped their target price on CarGurus from $40.00 to $35.00 and set a “neutral” rating for the company in a research report on Wednesday, October 7th. Finally, Citigroup increased their target price on CarGurus from $32.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, August 14th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.95.

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.