CarGurus (NASDAQ:CARG) Insider Jennifer Ladd Hanson Sells 2,499 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 2,499 shares of the stock in a transaction on Tuesday, March 31st. The shares were sold at an average price of $35.61, for a total transaction of $88,989.39. Following the completion of the sale, the insider directly owned 98,191 shares in the company, valued at approximately $3,496,581.51. This represents a 2.48% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Trading Down 0.7%

CARG stock opened at $33.33 on Friday. The stock has a market cap of $3.17 billion, a PE ratio of 21.50, a P/E/G ratio of 1.25 and a beta of 1.32. CarGurus, Inc. has a 12 month low of $24.65 and a 12 month high of $39.42. The company has a 50-day moving average price of $31.62 and a 200 day moving average price of $34.66.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings data on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.02. The company had revenue of $209.09 million for the quarter, compared to analyst estimates of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Sell-side analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current year.

Institutional Trading of CarGurus

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares in the last quarter. Brown Brothers Harriman & Co. bought a new stake in CarGurus during the 3rd quarter valued at $46,000. Torren Management LLC bought a new stake in CarGurus during the 4th quarter valued at $49,000. First Horizon Corp purchased a new stake in shares of CarGurus in the 3rd quarter worth $51,000. Finally, EverSource Wealth Advisors LLC grew 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 worth $55,000 after buying an additional 1,362 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CARG shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a report on Monday, December 29th. Royal Bank Of Canada dropped their price objective on CarGurus from $40.00 to $34.00 and set an “outperform” rating for the company in a report on Friday, February 20th. DA Davidson reduced their target price on CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research note on Friday, February 20th. Wall Street Zen downgraded CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, UBS Group set a $38.00 target price on shares of CarGurus in a research note on Tuesday, February 24th. Five equities research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $38.14.

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.