Insider Selling: CarGurus (NASDAQ:CARG) Insider Sells 567 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of the business’s stock in a transaction dated Thursday, July 2nd. The shares were sold at an average price of $35.03, for a total value of $19,862.01. Following the completion of the transaction, the insider owned 91,135 shares in the company, valued at $3,192,459.05. This trade represents a 0.62% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Ladd Hanson also recently made the following trade(s):

• On Wednesday, July 1st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The stock was sold at an average price of $34.56, for a total value of $86,365.44.

CarGurus Price Performance

Shares of CARG stock traded down $0.58 during midday trading on Monday, hitting $35.66. The company had a trading volume of 1,188,788 shares, compared to its average volume of 1,321,205. The company’s 50 day simple moving average is $31.38 and its 200 day simple moving average is $33.06. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The stock has a market cap of $3.22 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.32 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last released its quarterly 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 business had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. The company’s quarterly revenue was up 8.2% compared to the same quarter last year. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. Analysts anticipate that CarGurus, Inc. will post 2.11 EPS for the current year.

Analyst Ratings Changes

Several brokerages have recently weighed in on CARG. Needham & Company LLC lifted their target price on shares of CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a report on Friday, May 8th. Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. UBS Group set a $35.00 price objective on CarGurus in a report on Thursday, May 28th. JPMorgan Chase & Co. boosted their target price on CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Friday, May 8th. Finally, Freedom Capital raised CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $37.77.

Institutional Trading of CarGurus

A number of institutional investors have recently added to or reduced their stakes in CARG. Brown Brothers Harriman & Co. acquired a new stake in shares of CarGurus during the 3rd quarter valued at approximately $46,000. Torren Management LLC acquired a new position in CarGurus during the fourth quarter worth $49,000. EverSource Wealth Advisors LLC boosted 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 purchasing an additional 1,362 shares in the last quarter. Clearstead Advisors LLC boosted its position in CarGurus by 321.2% during the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings 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 purchasing an additional 1,697 shares during the last quarter. 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.