Jason Trevisan Sells 1,100 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) CEO Jason Trevisan sold 1,100 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $41.06, for a total transaction of $45,166.00. Following the completion of the sale, the chief executive officer directly owned 674,762 shares in the company, valued at approximately $27,705,727.72. This trade represents a 0.16% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Down 3.8%

NASDAQ CARG traded down $1.41 on Tuesday, hitting $36.18. 1,085,634 shares of the stock were exchanged, compared to its average volume of 1,288,798. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $41.22. The company has a market cap of $3.26 billion, a PE ratio of 19.66, a PEG ratio of 1.42 and a beta of 1.17. The company has a 50-day moving average price of $33.00 and a 200-day moving average price of $32.67.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The company had revenue of $250.97 million for the quarter, compared to the consensus estimate of $249.85 million. During the same period in the prior year, the firm posted $0.57 EPS. The company’s quarterly revenue was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, equities research analysts predict that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Analyst Ratings Changes

CARG has been the topic of a number of analyst reports. BTIG Research raised their price target on CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a research note on Friday. UBS Group upped their price objective on CarGurus from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday. Royal Bank Of Canada increased their price objective on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday. Piper Sandler reissued a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. Finally, B. Riley Financial restated a “buy” rating on shares of CarGurus in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, CarGurus currently has an average rating of “Moderate Buy” and an average target price of $40.35.

Institutional Trading of CarGurus

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new stake in shares of CarGurus in the 3rd quarter valued at about $46,000. Torren Management LLC acquired a new position in CarGurus during the fourth quarter worth approximately $49,000. EverSource Wealth Advisors LLC increased 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 worth $55,000 after buying an additional 1,362 shares during the period. Clearstead Advisors LLC lifted its stake in CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after buying an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted 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 buying an additional 1,697 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

About CarGurus

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.