CarGurus (NASDAQ:CARG) Insider Ismail Elshareef Sells 1,964 Shares of Company Stock

CarGurus, Inc. (NASDAQ:CARG) insider Ismail Elshareef sold 1,964 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $32.33, for a total transaction of $63,496.12. Following the sale, the insider owned 123,670 shares in the company, valued at $3,998,251.10. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Ismail Elshareef also recently made the following trade(s):

• On Friday, October 2nd, Ismail Elshareef sold 2,673 shares of CarGurus stock. The shares were sold at an average price of $29.62, for a total value of $79,174.26.

CarGurus Stock Performance

Shares of NASDAQ:CARG opened at $33.77 on Wednesday. The company has a market capitalization of $3.01 billion, a PE ratio of 16.40, a price-to-earnings-growth ratio of 1.20 and a beta of 1.22. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $41.22. The company has a fifty day moving average of $32.22 and a 200-day moving average of $32.83.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business had revenue of $250.97 million for the quarter, compared to the consensus estimate of $249.85 million. During the same period last year, the company earned $0.57 EPS. The firm’s revenue was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. On average, equities analysts forecast that CarGurus, Inc. will post 2.17 EPS for the current fiscal year.

Institutional Investors Weigh In On CarGurus

Large investors have recently modified their holdings of the company. Versant Capital Management Inc raised its position in shares of CarGurus by 20.2% in the 3rd quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock worth $72,000 after acquiring an additional 391 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of CarGurus by 1.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock valued at $829,000 after purchasing an additional 459 shares during the period. Ethic Inc. boosted its position in shares of CarGurus by 4.5% during the 3rd quarter. Ethic Inc. now owns 10,762 shares of the company’s stock valued at $335,000 after purchasing an additional 467 shares in the last quarter. Choreo LLC boosted its position in shares of CarGurus by 3.4% during the 3rd quarter. Choreo LLC now owns 17,688 shares of the company’s stock valued at $551,000 after purchasing an additional 576 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of CarGurus by 12.9% during the 3rd quarter. GAMMA Investing LLC now owns 5,108 shares of the company’s stock valued at $159,000 after purchasing an additional 585 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BTIG Research increased their price objective on CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a report on Friday, August 7th. UBS Group cut their target price on CarGurus from $40.00 to $35.00 and set a “neutral” rating on the stock in a report on Wednesday, October 7th. Oppenheimer upped their price target on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 12th. B. Riley Financial reissued a “buy” rating on shares of CarGurus in a research note on Friday, August 7th. Finally, Citigroup lifted their price objective on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 14th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, CarGurus presently has an average rating of “Moderate Buy” and an average target price of $39.95.

About CarGurus

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.