CarGurus (NASDAQ:CARG) Insider Sells 567 Shares

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of CarGurus stock in a transaction dated Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $19,862.01. Following the transaction, the insider owned 91,135 shares of the company’s stock, valued at approximately $3,192,459.05. The trade was a 0.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Ladd Hanson also recently made the following trade(s):

• On Wednesday, July 1st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The shares were sold at an average price of $34.56, for a total transaction of $86,365.44.

CarGurus Stock Down 1.6%

Shares of CARG traded down $0.58 during mid-day trading on Monday, reaching $35.66. 1,188,788 shares of the company’s stock were exchanged, compared to its average volume of 1,321,205. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42. The company has a market cap of $3.22 billion, a price-to-earnings ratio of 23.46, a PEG ratio of 1.32 and a beta of 1.18. The company has a 50-day simple moving average of $31.38 and a two-hundred day simple moving average of $33.06.

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

Analyst Upgrades and Downgrades

CARG has been the subject of several recent research reports. Royal Bank Of Canada increased their price objective on shares of CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a research report on Monday, May 11th. Citigroup started coverage on shares of CarGurus in a report on Friday, June 12th. They issued a “buy” rating on the stock. Needham & Company LLC lifted their target price on CarGurus from $37.00 to $43.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Freedom Capital upgraded CarGurus to a “strong-buy” rating in a research note on Friday, June 12th. Finally, JPMorgan Chase & Co. increased their price target on CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.77.

Institutional Trading of CarGurus

Several institutional investors and hedge funds have recently bought and sold shares of the company. Horizon Investments LLC grew its position in shares of CarGurus by 2.0% in the 4th quarter. Horizon Investments LLC now owns 16,375 shares of the company’s stock worth $628,000 after acquiring an additional 318 shares in the last quarter. ProShare Advisors LLC raised its position in shares of CarGurus by 2.8% during the 4th quarter. ProShare Advisors LLC now owns 15,992 shares of the company’s stock valued at $613,000 after acquiring an additional 436 shares in the last quarter. Ritholtz Wealth Management raised its position 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. HighTower Advisors LLC lifted its stake in CarGurus by 7.8% during the fourth quarter. HighTower Advisors LLC now owns 7,094 shares of the company’s stock worth $272,000 after purchasing an additional 514 shares during the last quarter. Finally, Illinois Municipal Retirement Fund lifted its stake in CarGurus by 1.6% during the fourth quarter. Illinois Municipal Retirement Fund now owns 43,583 shares of the company’s stock worth $1,671,000 after purchasing an additional 679 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.