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

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $32.33, for a total transaction of $323,300.00. Following the sale, the chief operating officer directly owned 419,735 shares of the company’s stock, valued at $13,570,032.55. The trade was a 2.33% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• On Thursday, October 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $30.31, for a total value of $303,100.00.
• On Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $34.62, for a total value of $346,200.00.
• On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $36.50, for a total value of $365,000.00.

CarGurus Trading Down 0.1%

CARG stock traded down $0.02 during trading hours on Tuesday, hitting $33.77. 1,211,852 shares of the stock were exchanged, compared to its average volume of 1,269,784. The firm has a market capitalization of $3.01 billion, a P/E ratio of 18.35, a P/E/G ratio of 1.11 and a beta of 1.22. The company has a 50-day simple moving average of $32.29 and a two-hundred day simple moving average of $32.83. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $41.22.

CarGurus (NASDAQ:CARG) last announced its earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The company had revenue of $250.97 million during the quarter, compared to analysts’ expectations of $249.85 million. During the same quarter in the previous year, the business posted $0.57 earnings per share. CarGurus’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, equities research analysts predict that CarGurus, Inc. will post 2.17 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on CARG shares. Oppenheimer lifted their price objective on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 12th. Wall Street Zen raised CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday. Weiss Ratings cut shares of CarGurus from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd. Royal Bank Of Canada increased their target price on shares of CarGurus from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, August 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of CarGurus in a report on Friday, August 7th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, CarGurus presently has an average rating of “Moderate Buy” and a consensus price target of $39.95.

Institutional Investors Weigh In On CarGurus

Hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio acquired a new position in CarGurus in the 2nd quarter valued at approximately $43,000. Farther Finance Advisors LLC lifted its holdings in shares of CarGurus by 107.5% during the third quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company’s stock worth $48,000 after purchasing an additional 793 shares during the period. Signaturefd LLC grew its stake in shares of CarGurus by 59.6% in the third quarter. Signaturefd LLC now owns 1,953 shares of the company’s stock worth $61,000 after purchasing an additional 729 shares during the last quarter. Versant Capital Management Inc grew its stake in shares of CarGurus by 20.2% in the third quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock worth $72,000 after purchasing an additional 391 shares during the last quarter. Finally, Sterling Capital Management LLC increased its holdings in CarGurus by 838.1% in the third quarter. Sterling Capital Management LLC now owns 2,486 shares of the company’s stock valued at $77,000 after purchasing an additional 2,221 shares during the period. 86.90% of the stock is currently owned by institutional investors and hedge funds.

CarGurus Company Profile

CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.

The company also offers tools intended to support automotive retailers’ online operations, including inventory merchandising, lead generation and digital retailing capabilities.