Insider Selling: CarGurus (NASDAQ:CARG) General Counsel Sells $115,249.16 in Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the stock in a transaction that occurred on Friday, June 26th. The stock was sold at an average price of $32.63, for a total value of $115,249.16. Following the completion of the transaction, the general counsel directly owned 99,529 shares in the company, valued at approximately $3,247,631.27. This trade represents a 3.43% decrease in their position. The sale 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.

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

• 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 Performance

NASDAQ CARG traded up $0.97 on Monday, reaching $34.00. 1,469,444 shares of the stock traded hands, compared to its average volume of 1,323,573. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The company has a market cap of $3.07 billion, a price-to-earnings ratio of 22.37, a PEG ratio of 1.21 and a beta of 1.20. The company has a fifty day moving average price of $31.58 and a 200-day moving average price of $33.15.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 return on equity of 54.42% and a net margin of 15.57%.The business’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, research analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on CARG shares. Barclays assumed coverage on shares of CarGurus in a research report on Thursday, May 28th. They set an “overweight” rating and a $35.00 target price on the stock. Citigroup started coverage on shares of CarGurus in a research report on Friday, June 12th. They issued a “buy” rating for the company. Piper Sandler reiterated a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Weiss Ratings lowered shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. Finally, Freedom Capital raised shares of CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat, CarGurus has an average rating of “Moderate Buy” and an average price target of $37.79.

Hedge Funds Weigh In On CarGurus

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in CarGurus by 22.6% during the first quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after acquiring an additional 13,834 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of CarGurus by 25.4% during the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after purchasing an additional 5,259 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in CarGurus by 3.0% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock worth $1,889,000 after buying an additional 1,890 shares during the last quarter. Jane Street Group LLC boosted its holdings in CarGurus by 113.0% in the first quarter. Jane Street Group LLC now owns 123,305 shares of the company’s stock worth $3,592,000 after acquiring an additional 65,420 shares in the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of CarGurus during the second quarter valued at about $87,000. Hedge funds and other institutional investors 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.