CarGurus (NASDAQ:CARG) Insider Jennifer Ladd Hanson Sells 2,499 Shares of Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 2,499 shares of the business’s stock in a transaction dated Wednesday, July 1st. The stock was sold at an average price of $34.56, for a total transaction of $86,365.44. Following the transaction, the insider owned 92,894 shares in the company, valued at approximately $3,210,416.64. The trade was a 2.62% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Price Performance

Shares of NASDAQ CARG traded up $1.10 during mid-day trading on Thursday, hitting $36.24. The company had a trading volume of 1,136,910 shares, compared to its average volume of 1,322,150. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $39.42. The firm has a market cap of $3.27 billion, a P/E ratio of 23.84, a PEG ratio of 1.25 and a beta of 1.18. The business’s 50-day simple moving average is $31.45 and its 200-day simple moving average is $33.09.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The firm had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same quarter in the prior year, the firm posted $0.46 EPS. The company’s revenue for the quarter was up 8.2% on a year-over-year basis. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, sell-side analysts predict that CarGurus, Inc. will post 2.11 EPS for the current year.

Institutional Investors Weigh In On CarGurus

Large investors have recently made changes to their positions in the company. Brown Brothers Harriman & Co. acquired a new position in CarGurus during the 3rd quarter valued at about $46,000. Torren Management LLC acquired a new position in CarGurus in the fourth quarter valued at approximately $49,000. EverSource Wealth Advisors LLC lifted its holdings in CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after buying an additional 1,362 shares during the period. Clearstead Advisors LLC boosted its stake in CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after acquiring an additional 1,622 shares during the last quarter. Finally, Rockefeller Capital Management L.P. grew its holdings in CarGurus by 356.5% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after acquiring an additional 1,697 shares during the period. Institutional investors own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Freedom Capital raised shares of CarGurus to a “strong-buy” rating in a report on Friday, June 12th. JPMorgan Chase & Co. upped their target price on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research note on Friday, May 8th. Royal Bank Of Canada increased their price target on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. Weiss Ratings cut shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Finally, Wall Street Zen raised CarGurus from a “hold” rating to a “buy” rating in a report on Saturday, June 27th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, CarGurus currently has an average rating of “Moderate Buy” and a consensus price target of $37.77.

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.