CarGurus (NASDAQ:CARG) COO Sells $346,200.00 in Stock

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of CarGurus stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of $34.62, for a total value of $346,200.00. Following the transaction, the chief operating officer owned 455,349 shares in the company, valued at $15,764,182.38. This trade represents a 2.15% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

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

• 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 Stock Performance

NASDAQ CARG traded down $0.95 during trading hours on Thursday, reaching $33.75. 1,102,866 shares of the company’s stock were exchanged, compared to its average volume of 1,224,587. The company has a market capitalization of $3.01 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.24 and a beta of 1.16. The company’s 50-day moving average is $35.52 and its two-hundred day moving average is $33.67. CarGurus, Inc. has a one year low of $26.39 and a one year high of $41.22.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.05. The firm had revenue of $250.97 million for the quarter, compared to analyst estimates of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business’s revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Research analysts predict that CarGurus, Inc. will post 2.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Lazard Asset Management LLC raised its holdings in CarGurus by 180.8% during the first quarter. Lazard Asset Management LLC now owns 445,868 shares of the company’s stock worth $15,182,000 after acquiring an additional 287,067 shares in the last quarter. Bank of America Corp DE grew its stake in CarGurus by 26.6% in the first quarter. Bank of America Corp DE now owns 586,346 shares of the company’s stock valued at $19,965,000 after purchasing an additional 123,364 shares in the last quarter. Westover Capital Advisors LLC bought a new position in CarGurus in the fourth quarter valued at approximately $1,912,000. Louisiana State Employees Retirement System acquired a new position in shares of CarGurus during the 1st quarter worth approximately $1,226,000. Finally, Principal Financial Group Inc. increased its position in shares of CarGurus by 19.1% during the 1st quarter. Principal Financial Group Inc. now owns 573,406 shares of the company’s stock worth $19,524,000 after purchasing an additional 91,755 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on CARG. Wall Street Zen raised shares of CarGurus from a “hold” rating to a “buy” rating in a research report on Saturday, August 22nd. Barclays increased their target price on CarGurus from $40.00 to $41.00 and gave the stock an “overweight” rating in a report on Monday, August 10th. Oppenheimer lifted their price target on CarGurus from $38.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 12th. Freedom Capital upgraded CarGurus to a “strong-buy” rating in a report on Friday, June 12th. Finally, Royal Bank Of Canada upped their price objective on CarGurus from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, August 7th. One equities research 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.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.75.

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 pricing and vehicle details, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital advertising and marketing products designed to help them display inventory and reach prospective buyers.

The company also provides tools and services intended to support automotive retailers throughout the vehicle-shopping process, including inventory merchandising, lead generation, pricing insights and digital retail capabilities.