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

CarGurus, Inc. (NASDAQ:CARG) insider Ismail Elshareef sold 1,964 shares of the stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $32.33, for a total value of $63,496.12. Following the transaction, 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 transaction was disclosed in a filing with the SEC, which is available at 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 transaction of $79,174.26.

CarGurus Trading Down 0.1%

NASDAQ CARG traded down $0.02 on Tuesday, hitting $33.77. 1,211,852 shares of the company were exchanged, compared to its average volume of 1,269,784. The company has a market cap of $3.01 billion, a PE ratio of 18.35, a PEG ratio of 1.11 and a beta of 1.22. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $41.22. The stock has a fifty day moving average of $32.29 and a 200-day moving average of $32.83.

CarGurus (NASDAQ:CARG) last posted its quarterly earnings results 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 net margin of 18.06% and a return on equity of 62.88%. The firm had revenue of $250.97 million during the quarter, compared to the consensus estimate of $249.85 million. During the same period in the previous year, the firm posted $0.57 earnings per share. The business’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, analysts expect that CarGurus, Inc. will post 2.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CARG shares. Wall Street Zen upgraded CarGurus from a “hold” rating to a “buy” rating in a report on Saturday. Citigroup increased their target price on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. BTIG Research lifted their price target on shares of CarGurus from $40.00 to $41.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Royal Bank Of Canada boosted their price target on shares of CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, August 7th. Finally, Barclays lowered their price objective on shares of CarGurus from $41.00 to $38.00 and set an “overweight” rating on the stock in a report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, CarGurus has an average rating of “Moderate Buy” and a consensus price target of $39.95.

Institutional Trading of CarGurus

Institutional investors have recently modified their holdings of the business. Public Employees Retirement System of Ohio purchased a new stake in CarGurus in the second quarter valued at approximately $43,000. Farther Finance Advisors LLC increased its stake in CarGurus by 107.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,531 shares of the company’s stock worth $48,000 after purchasing an additional 793 shares during the period. Signaturefd LLC boosted its position in CarGurus by 59.6% during the 3rd quarter. Signaturefd LLC now owns 1,953 shares of the company’s stock valued at $61,000 after buying an additional 729 shares during the period. Versant Capital Management Inc grew its holdings in 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 during the last quarter. Finally, Sterling Capital Management LLC boosted its holdings in shares of CarGurus by 838.1% during the third quarter. Sterling Capital Management LLC now owns 2,486 shares of the company’s stock worth $77,000 after purchasing an additional 2,221 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.

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 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.