CarGurus (NASDAQ:CARG) CMO Sells $214,271.08 in Stock

CarGurus, Inc. (NASDAQ:CARG) CMO Dafna Sarnoff sold 7,234 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $29.62, for a total transaction of $214,271.08. Following the completion of the transaction, the chief marketing officer owned 94,884 shares in the company, valued at $2,810,464.08. This represents a 7.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Dafna Sarnoff also recently made the following trade(s):

• On Thursday, August 13th, Dafna Sarnoff sold 17,151 shares of CarGurus stock. The stock was sold at an average price of $37.00, for a total transaction of $634,587.00.

CarGurus Trading Up 0.1%

Shares of NASDAQ:CARG opened at $28.77 on Thursday. The firm has a 50 day simple moving average of $34.37 and a 200-day simple moving average of $33.51. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $41.22. The company has a market capitalization of $2.56 billion, a PE ratio of 15.64, a P/E/G ratio of 1.02 and a beta of 1.22.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $249.85 million. During the same period last year, the firm posted $0.57 EPS. 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. As a group, equities research analysts predict that CarGurus, Inc. will post 2.17 EPS for the current fiscal year.

Hedge Funds Weigh In On CarGurus

A number of large investors have recently bought and sold shares of CARG. Versant Capital Management Inc increased its position in shares of CarGurus by 20.2% in the third 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. Ritholtz Wealth Management lifted its holdings in shares of CarGurus by 4.2% during the 1st quarter. Ritholtz Wealth Management now owns 11,039 shares of the company’s stock valued at $376,000 after acquiring an additional 449 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in CarGurus by 1.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock worth $829,000 after purchasing an additional 459 shares during the period. Aristides Capital LLC boosted its position in CarGurus by 11.6% during the 1st quarter. Aristides Capital LLC now owns 7,920 shares of the company’s stock worth $270,000 after purchasing an additional 825 shares during the period. Finally, EverSource Wealth Advisors LLC increased its holdings in CarGurus by 28.3% in the 1st quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company’s stock valued at $129,000 after purchasing an additional 834 shares in the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CARG. Wall Street Zen downgraded CarGurus from a “buy” rating to a “hold” rating in a research note on Saturday, October 3rd. Citigroup boosted their price objective on CarGurus from $32.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, August 14th. Weiss Ratings raised CarGurus from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, August 21st. Needham & Company LLC raised their target price on shares of CarGurus from $43.00 to $44.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Finally, B. Riley Financial restated a “buy” rating on shares of CarGurus in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $39.95.

CarGurus Company Profile

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.