CarGurus (NASDAQ:CARG) Director Greg Schwartz Sells 10,000 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) Director Greg Schwartz sold 10,000 shares of the business’s stock in a transaction on Wednesday, August 12th. The shares were sold at an average price of $36.07, for a total value of $360,700.00. Following the completion of the sale, the director owned 8,716 shares in the company, valued at $314,386.12. This represents a 53.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link.

CarGurus Trading Down 1.3%

CARG opened at $37.44 on Friday. The stock’s 50-day moving average price is $33.76 and its 200 day moving average price is $32.77. CarGurus, Inc. has a 12-month low of $26.39 and a 12-month high of $41.22. The firm has a market cap of $3.38 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.38 and a beta of 1.17.

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CARG. BTIG Research upped their target price 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. JPMorgan Chase & Co. raised their price target on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Piper Sandler restated a “sector weight” rating on shares of CarGurus in a research note on Friday, June 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of CarGurus in a research report on Friday, August 7th. Finally, Royal Bank Of Canada increased their price objective on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.75.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Brown Brothers Harriman & Co. acquired a new position in CarGurus during the 3rd quarter worth approximately $46,000. Torren Management LLC acquired a new stake in shares of CarGurus in the 4th quarter valued at $49,000. EverSource Wealth Advisors LLC lifted its position in shares of CarGurus by 491.7% during the 2nd 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 during the last quarter. Clearstead Advisors LLC lifted its position in shares of CarGurus by 321.2% during the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after purchasing an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in shares of CarGurus by 356.5% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after purchasing an additional 1,697 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

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.