Javier Zamora Sells 3,532 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the firm’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $34.08, for a total value of $120,370.56. Following the transaction, the general counsel owned 95,997 shares of the company’s stock, valued at $3,271,577.76. This trade represents a 3.55% 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.

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

• On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $32.63, for a total value of $115,249.16.
• 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 Trading Up 3.1%

NASDAQ:CARG traded up $1.05 on Wednesday, reaching $35.14. 1,597,533 shares of the stock traded hands, compared to its average volume of 1,323,645. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $39.42. The company’s 50 day moving average is $31.49 and its 200-day moving average is $33.11. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 23.12, a price-to-earnings-growth ratio of 1.24 and a beta of 1.20.

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

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. upped their target price on CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Weiss Ratings lowered CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, May 13th. Citigroup began coverage on CarGurus in a report on Friday, June 12th. They set a “buy” rating on the stock. Piper Sandler restated a “sector weight” rating on shares of CarGurus in a report on Friday, June 12th. Finally, 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 research report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.79.

Hedge Funds Weigh In On CarGurus

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Brown Brothers Harriman & Co. acquired a new stake in shares of CarGurus in the 3rd quarter valued at about $46,000. Torren Management LLC acquired a new position in CarGurus during the 4th quarter worth approximately $49,000. EverSource Wealth Advisors LLC boosted its holdings in CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock worth $55,000 after acquiring an additional 1,362 shares in the last quarter. Clearstead Advisors LLC boosted its holdings in CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after acquiring an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. grew its stake in CarGurus by 356.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after acquiring an additional 1,697 shares during the period. Institutional investors 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.