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 company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $34.08, for a total transaction of $120,370.56. Following the transaction, the general counsel owned 95,997 shares of the company’s stock, valued at $3,271,577.76. This trade represents a 3.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 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 Trading Up 3.1%

Shares of CARG stock opened at $36.24 on Friday. The business’s 50-day moving average price is $31.41 and its 200-day moving average price is $33.07. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 1.28 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.02. The company had revenue of $243.56 million during 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 firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, sell-side analysts predict that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CarGurus

Several large investors have recently added to or reduced their stakes in the business. Royal Bank of Canada boosted its holdings in shares of CarGurus by 22.6% during the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after buying an additional 13,834 shares in the last quarter. AQR Capital Management LLC boosted its stake in CarGurus by 25.4% during the first quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock worth $756,000 after acquiring an additional 5,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in CarGurus by 3.0% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock worth $1,889,000 after acquiring an additional 1,890 shares in the last quarter. Jane Street Group LLC grew 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 purchasing an additional 65,420 shares during the period. Finally, Quantbot Technologies LP acquired a new stake in CarGurus in the second quarter worth $87,000. Institutional investors and hedge funds own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on CARG shares. JPMorgan Chase & Co. boosted their price objective on shares of CarGurus from $36.00 to $38.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. Citigroup assumed coverage on CarGurus in a report on Friday, June 12th. They set a “buy” rating on the stock. UBS Group set a $35.00 price target on CarGurus in a research report on Thursday, May 28th. Royal Bank Of Canada raised their price objective on CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Finally, Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, CarGurus currently has an average rating of “Moderate Buy” and an average target price of $37.77.

CarGurus Company Profile

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.