Insider Selling: CarGurus (NASDAQ:CARG) CEO Sells $45,166.00 in Stock

CarGurus, Inc. (NASDAQ:CARG) CEO Jason Trevisan sold 1,100 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $41.06, for a total value of $45,166.00. Following the transaction, the chief executive officer directly owned 674,762 shares of the company’s stock, valued at approximately $27,705,727.72. The trade was a 0.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Performance

Shares of CARG stock opened at $37.94 on Friday. CarGurus, Inc. has a 1 year low of $26.39 and a 1 year high of $41.22. The business’s fifty day moving average is $33.56 and its 200-day moving average is $32.73. The stock has a market cap of $3.42 billion, a PE ratio of 20.62, a price-to-earnings-growth ratio of 1.36 and a beta of 1.17.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data 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. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The business had revenue of $250.97 million during the quarter, compared to analyst estimates of $249.85 million. During the same quarter in the prior year, the firm posted $0.57 earnings per share. The company’s revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Equities research analysts predict that CarGurus, Inc. will post 2.09 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts recently commented on CARG shares. BTIG Research boosted their target price on shares of CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Barclays raised their target price on shares of CarGurus from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday. UBS Group lifted their price target on shares of CarGurus from $37.00 to $40.00 and gave the stock a “neutral” rating in a research report on Friday, August 7th. Wall Street Zen cut CarGurus from a “buy” rating to a “hold” rating in a report on Saturday, August 8th. Finally, Oppenheimer increased their price objective on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.95.

Institutional Trading of CarGurus

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brown Brothers Harriman & Co. purchased a new stake in CarGurus during the third quarter valued at about $46,000. Torren Management LLC purchased a new position in shares of CarGurus in the fourth quarter worth approximately $49,000. EverSource Wealth Advisors LLC raised its holdings in shares of CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after acquiring an additional 1,362 shares during the period. Clearstead Advisors LLC raised its holdings in shares of CarGurus by 321.2% during 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 period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of CarGurus by 356.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after acquiring an additional 1,697 shares in the last quarter. Institutional investors and hedge funds 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.