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

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of $36.50, for a total transaction of $365,000.00. Following the completion of the sale, the chief operating officer directly owned 465,349 shares of the company’s stock, valued at approximately $16,985,238.50. This trade represents a 2.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Trading Down 2.5%

Shares of CARG traded down $0.90 during trading hours on Monday, reaching $35.66. 1,284,303 shares of the stock traded hands, compared to its average volume of 1,242,854. The company has a market cap of $3.18 billion, a P/E ratio of 19.38, a price-to-earnings-growth ratio of 1.30 and a beta of 1.17. The company’s 50-day moving average price is $35.35 and its two-hundred day moving average price is $33.15. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $41.22.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.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 firm earned $0.57 earnings per share. The business’s quarterly revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, research analysts forecast that CarGurus, Inc. will post 2.17 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CARG. Oppenheimer raised their price objective on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. Barclays increased their price target on CarGurus from $40.00 to $41.00 and gave the company an “overweight” rating in a research note on Monday, August 10th. Royal Bank Of Canada raised their price target on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 7th. B. Riley Financial reaffirmed a “buy” rating on shares of CarGurus in a report on Friday, August 7th. Finally, Weiss Ratings upgraded CarGurus from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, August 21st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.75.

Institutional Trading of CarGurus

Several hedge funds have recently made changes to their positions in the business. Royal Bank of Canada lifted its holdings in shares of CarGurus by 22.6% in the 1st quarter. Royal Bank of Canada now owns 75,072 shares of the company’s stock worth $2,186,000 after acquiring an additional 13,834 shares during the last quarter. AQR Capital Management LLC grew its holdings in CarGurus by 25.4% during the 1st quarter. AQR Capital Management LLC now owns 25,946 shares of the company’s stock valued at $756,000 after purchasing an additional 5,259 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in CarGurus by 3.0% during 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 purchasing an additional 1,890 shares during the last quarter. Jane Street Group LLC raised its position in CarGurus by 113.0% in the 1st 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 purchased a new stake in CarGurus in the 2nd quarter worth about $87,000. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

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.