CarGurus (NASDAQ:CARG) CMO Dafna Sarnoff Sells 17,151 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) CMO Dafna Sarnoff sold 17,151 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $37.00, for a total value of $634,587.00. Following the sale, the chief marketing officer owned 109,668 shares of the company’s stock, valued at $4,057,716. This trade represents a 13.52% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Down 1.3%

CARG opened at $37.44 on Friday. The firm has a market cap of $3.38 billion, a PE ratio of 20.35, a P/E/G ratio of 1.38 and a beta of 1.17. The business has a fifty day simple moving average of $33.76 and a 200-day simple moving average of $32.77. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $41.22.

CarGurus (NASDAQ:CARG) last released its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.05. The business had revenue of $250.97 million for the quarter, compared to the consensus estimate of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The firm’s quarterly revenue was up 7.2% compared to the same quarter last year. During the same period last year, the firm posted $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, equities research analysts anticipate that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Hedge Funds Weigh In On CarGurus

Several institutional investors have recently bought and sold shares of CARG. Royal Bank of Canada raised its holdings in shares of CarGurus by 22.6% in the first quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock valued at $2,186,000 after buying an additional 13,834 shares during the last quarter. AQR Capital Management LLC increased its position in CarGurus by 25.4% in the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after acquiring an additional 5,259 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in CarGurus by 3.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 64,845 shares of the company’s stock valued at $1,889,000 after acquiring an additional 1,890 shares in the last quarter. Jane Street Group LLC raised its stake in shares of 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 acquiring an additional 65,420 shares during the last quarter. Finally, Quantbot Technologies LP acquired a new position in shares of CarGurus during the second quarter worth approximately $87,000. Institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on CARG shares. Needham & Company LLC upped their price target on CarGurus from $43.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 7th. UBS Group boosted their price objective on CarGurus from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Friday, August 7th. B. Riley Financial restated a “buy” rating on shares of CarGurus in a research note on Friday, August 7th. BTIG Research lifted their price target on shares of CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Freedom Capital upgraded shares of CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.75.

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.