CarGurus (NASDAQ:CARG) COO Sells $349,200.00 in Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, October 16th. The stock was sold at an average price of $34.92, for a total value of $349,200.00. Following the transaction, the chief operating officer directly owned 420,259 shares of the company’s stock, valued at approximately $14,675,444.28. This trade represents a 2.32% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Tuesday, September 16th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.08, for a total value of $360,800.00.

CarGurus Stock Down 0.9%

NASDAQ:CARG opened at $34.92 on Monday. CarGurus, Inc. has a twelve month low of $24.65 and a twelve month high of $41.33. The business has a 50 day moving average price of $35.11 and a two-hundred day moving average price of $32.46. The company has a market cap of $3.47 billion, a P/E ratio of 28.39, a price-to-earnings-growth ratio of 1.66 and a beta of 1.52.

CarGurus (NASDAQ:CARG) last released its quarterly earnings results on Thursday, August 7th. The company reported $0.57 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.03. CarGurus had a return on equity of 36.23% and a net margin of 14.12%.The firm had revenue of $234.03 million during the quarter, compared to the consensus estimate of $232.29 million. During the same quarter in the prior year, the firm posted $0.41 EPS. The business’s revenue was up 7.0% on a year-over-year basis. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CARG has been the topic of a number of analyst reports. UBS Group upped their price objective on CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, October 6th. Zacks Research cut CarGurus from a “strong-buy” rating to a “hold” rating in a research note on Thursday. Citizens Jmp cut CarGurus from an “outperform” rating to a “market perform” rating in a research note on Wednesday, July 2nd. Citigroup dropped their price target on CarGurus from $40.00 to $37.00 and set a “neutral” rating on the stock in a research note on Thursday, July 3rd. Finally, JMP Securities restated a “market perform” rating and issued a $38.00 price target on shares of CarGurus in a research note on Wednesday, July 2nd. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat, CarGurus currently has a consensus rating of “Hold” and a consensus price target of $39.54.

Institutional Investors Weigh In On CarGurus

Large investors have recently added to or reduced their stakes in the business. QRG Capital Management Inc. lifted its stake in shares of CarGurus by 4.3% in the second quarter. QRG Capital Management Inc. now owns 8,116 shares of the company’s stock worth $272,000 after acquiring an additional 332 shares during the period. GAMMA Investing LLC lifted its stake in shares of CarGurus by 8.7% in the third quarter. GAMMA Investing LLC now owns 4,535 shares of the company’s stock worth $169,000 after acquiring an additional 363 shares during the period. Farther Finance Advisors LLC increased its holdings in CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares in the last quarter. US Bancorp DE increased its holdings in CarGurus by 14.6% in the first quarter. US Bancorp DE now owns 3,733 shares of the company’s stock worth $109,000 after purchasing an additional 475 shares in the last quarter. Finally, Parkside Financial Bank & Trust increased its holdings in CarGurus by 30.7% in the second quarter. Parkside Financial Bank & Trust now owns 2,023 shares of the company’s stock worth $68,000 after purchasing an additional 475 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.