Javier Zamora Sells 3,533 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,533 shares of the business’s stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $36.06, for a total value of $127,399.98. Following the completion of the sale, the general counsel owned 88,345 shares in the company, valued at $3,185,720.70. This represents a 3.85% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Monday, June 29th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $34.08, for a total transaction of $120,370.56.
• On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The stock was sold at an average price of $32.63, for a total transaction of $115,249.16.
• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The shares were sold at an average price of $29.53, for a total value of $238,366.16.

CarGurus Stock Down 2.1%

NASDAQ CARG opened at $34.92 on Wednesday. CarGurus, Inc. has a 52 week low of $26.39 and a 52 week high of $39.42. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 22.97, a PEG ratio of 1.30 and a beta of 1.18. The company has a fifty day moving average of $31.28 and a two-hundred day moving average of $33.02.

CarGurus (NASDAQ:CARG) last announced its 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. The business had revenue of $243.56 million for the quarter, compared to the consensus estimate of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The business’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Equities research analysts anticipate that CarGurus, Inc. will post 2.11 EPS for the current year.

Institutional Investors Weigh In On CarGurus

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Horizon Investments LLC lifted its holdings in shares of CarGurus by 2.0% in the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock worth $628,000 after buying an additional 318 shares during the period. ProShare Advisors LLC increased its stake in shares of CarGurus by 2.8% during the fourth quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock valued at $613,000 after buying an additional 436 shares during the period. Ritholtz Wealth Management raised its holdings in shares of CarGurus by 4.2% in the first quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock valued at $376,000 after acquiring an additional 449 shares in the last quarter. HighTower Advisors LLC raised its holdings 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 in the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in CarGurus by 1.6% in the fourth quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock worth $1,671,000 after acquiring an additional 679 shares during the period. 86.90% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CARG has been the subject of several analyst reports. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Weiss Ratings downgraded CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. UBS Group set a $35.00 price target on CarGurus in a research note on Thursday, May 28th. Freedom Capital upgraded CarGurus to a “strong-buy” rating in a report on Friday, June 12th. Finally, Royal Bank Of Canada upped their price objective on CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.77.

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.