Javier Zamora Sells 3,532 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the firm’s stock in a transaction on Monday, June 29th. The shares were sold at an average price of $34.08, for a total value of $120,370.56. Following the completion of the sale, the general counsel directly owned 95,997 shares in the company, valued at approximately $3,271,577.76. This represents a 3.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at 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 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 value of $115,249.16.
• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The stock was sold at an average price of $29.53, for a total value of $238,366.16.

CarGurus Price Performance

NASDAQ:CARG traded up $1.05 during trading hours on Wednesday, hitting $35.14. The company’s stock had a trading volume of 1,597,533 shares, compared to its average volume of 1,323,645. The stock has a fifty day simple moving average of $31.49 and a 200-day simple moving average of $33.11. The company has a market capitalization of $3.17 billion, a P/E ratio of 23.12, a PEG ratio of 1.24 and a beta of 1.20. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $39.42.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, topping the consensus estimate of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The firm had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. During the same quarter in the previous year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, equities analysts predict that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Analysts Set New Price Targets

CARG has been the topic of a number of research reports. Weiss Ratings cut shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Barclays assumed coverage on CarGurus in a research note on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price target for the company. UBS Group set a $35.00 price objective on CarGurus in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their price objective on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.79.

Hedge Funds Weigh In On CarGurus

Several institutional investors and hedge funds have recently added to or reduced their stakes in CARG. Brown Brothers Harriman & Co. acquired a new position in shares of CarGurus during the third quarter worth $46,000. Torren Management LLC bought a new stake in shares of CarGurus in the fourth quarter worth $49,000. EverSource Wealth Advisors LLC increased its holdings in CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after purchasing an additional 1,362 shares during the period. Clearstead Advisors LLC increased its holdings 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 purchasing an additional 1,622 shares during the period. Finally, Rockefeller Capital Management L.P. raised its position in CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after purchasing an additional 1,697 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

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.