CarGurus (NASDAQ:CARG) COO Sells 10,000 Shares of Company Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $30.31, for a total value of $303,100.00. Following the sale, the chief operating officer directly owned 429,735 shares in the company, valued at approximately $13,025,267.85. The trade was a 2.27% decrease in their position. The sale was disclosed in a filing 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.

Samuel Zales also recently made the following trade(s):

• On Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $34.62, for a total value of $346,200.00.
• On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.50, for a total transaction of $365,000.00.

CarGurus Price Performance

Shares of CARG stock traded down $0.02 during mid-day trading on Friday, hitting $30.28. 1,009,238 shares of the stock traded hands, compared to its average volume of 1,274,082. The stock has a market cap of $2.70 billion, a P/E ratio of 16.46, a P/E/G ratio of 1.07 and a beta of 1.22. The stock’s fifty day moving average is $33.51 and its two-hundred day moving average is $33.28. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $41.22.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.66 earnings per share 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 business had revenue of $250.97 million for the quarter, compared to analysts’ expectations of $249.85 million. During the same period last year, the business earned $0.57 EPS. The company’s 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 analysts forecast that CarGurus, Inc. will post 2.17 EPS for the current fiscal year.

Hedge Funds Weigh In On CarGurus

Several hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc grew its position in shares of CarGurus by 20.2% during the third quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock worth $72,000 after buying an additional 391 shares in the last quarter. Ritholtz Wealth Management increased its stake in shares of CarGurus by 4.2% during the first quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock worth $376,000 after buying an additional 449 shares during the period. Hennion & Walsh Asset Management Inc. raised its holdings in CarGurus by 1.9% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock valued at $829,000 after acquiring an additional 459 shares in the last quarter. GAMMA Investing LLC raised its holdings in CarGurus by 12.9% in the third quarter. GAMMA Investing LLC now owns 5,108 shares of the company’s stock valued at $159,000 after acquiring an additional 585 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in CarGurus by 107.5% in the third quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company’s stock worth $48,000 after acquiring an additional 793 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on CARG shares. Weiss Ratings raised shares of CarGurus from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Needham & Company LLC upped their price target on CarGurus from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. BTIG Research increased their price objective on CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, August 7th. B. Riley Financial reiterated a “buy” rating on shares of CarGurus in a report on Friday, August 7th. Finally, Barclays lowered their price objective on CarGurus from $41.00 to $38.00 and set an “overweight” rating for the company in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, CarGurus currently has an average rating of “Moderate Buy” and an average price target of $39.95.

About CarGurus

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.