Insider Selling: CarGurus (NASDAQ:CARG) General Counsel Sells $115,249.16 in Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the stock in a transaction on Friday, June 26th. The shares were sold at an average price of $32.63, for a total value of $115,249.16. Following the completion of the sale, the general counsel directly owned 99,529 shares of the company’s stock, valued at $3,247,631.27. The trade was a 3.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Zamora also recently made the following trade(s):

• On Monday, June 29th, Javier Zamora sold 3,532 shares of CarGurus stock. The stock was sold at an average price of $34.08, for a total transaction of $120,370.56.
• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The shares were sold at an average price of $29.53, for a total transaction of $238,366.16.

CarGurus Price Performance

CARG opened at $35.14 on Thursday. The company’s 50-day moving average is $31.45 and its 200 day moving average is $33.09. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.42. The firm has a market capitalization of $3.17 billion, a P/E ratio of 23.12, a PEG ratio of 1.25 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.56 by $0.02. The business had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.46 EPS. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, equities research analysts expect that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Hedge Funds Weigh In On CarGurus

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CARG. JPMorgan Chase & Co. boosted its holdings in CarGurus by 17.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 545,636 shares of the company’s stock worth $20,314,000 after buying an additional 82,511 shares during the period. Convergence Investment Partners LLC bought a new stake in CarGurus during the 4th quarter valued at $3,742,000. Congress Asset Management Co. raised its holdings in CarGurus by 2.9% during the 4th quarter. Congress Asset Management Co. now owns 1,958,144 shares of the company’s stock valued at $75,095,000 after acquiring an additional 54,937 shares during the period. AEGON ASSET MANAGEMENT UK Plc purchased a new stake in shares of CarGurus during the fourth quarter worth $2,113,000. Finally, Aberdeen Group plc purchased a new stake in shares of CarGurus during the fourth quarter worth $14,643,000. Institutional investors own 86.90% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CARG shares. UBS Group set a $35.00 price objective on CarGurus in a research report on Thursday, May 28th. Freedom Capital upgraded CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, June 27th. Needham & Company LLC raised their price objective on shares of CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Finally, Barclays began coverage on shares of CarGurus in a research report on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.77.

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.