Jennifer Ladd Hanson Sells 9,998 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 9,998 shares of the firm’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $36.88, for a total transaction of $368,726.24. Following the completion of the transaction, the insider directly owned 54,807 shares of the company’s stock, valued at $2,021,282.16. This represents a 15.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

CarGurus Price Performance

Shares of CARG stock opened at $37.88 on Friday. The company has a fifty day moving average price of $34.54 and a two-hundred day moving average price of $32.08. CarGurus, Inc. has a one year low of $24.65 and a one year high of $41.33. The stock has a market cap of $3.76 billion, a P/E ratio of 30.80, a P/E/G ratio of 1.81 and a beta of 1.52.

CarGurus (NASDAQ:CARG) last issued its earnings results on Thursday, August 7th. The company reported $0.57 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.03. The business had revenue of $234.03 million during the quarter, compared to the consensus estimate of $232.29 million. CarGurus had a net margin of 14.12% and a return on equity of 36.23%. CarGurus’s revenue was up 7.0% on a year-over-year basis. During the same period last year, the business posted $0.41 EPS. CarGurus has set its Q3 2025 guidance at 0.500-0.580 EPS. As a group, equities research analysts anticipate that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.

Institutional Investors Weigh In On CarGurus

Several institutional investors and hedge funds have recently bought and sold shares of CARG. BNP PARIBAS ASSET MANAGEMENT Holding S.A. acquired a new position in shares of CarGurus in the 2nd quarter valued at approximately $27,000. Private Wealth Asset Management LLC acquired a new position in CarGurus during the second quarter valued at approximately $29,000. MAI Capital Management lifted its stake in CarGurus by 661.0% during the second quarter. MAI Capital Management now owns 1,172 shares of the company’s stock worth $39,000 after purchasing an additional 1,018 shares during the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of CarGurus in the 1st quarter valued at $46,000. Finally, Fifth Third Bancorp increased its stake in shares of CarGurus by 121.7% in the 2nd quarter. Fifth Third Bancorp now owns 1,419 shares of the company’s stock valued at $47,000 after purchasing an additional 779 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Gordon Haskett began coverage on shares of CarGurus in a research report on Monday, July 14th. They set a “hold” rating and a $35.00 price objective for the company. Citizens Jmp cut shares of CarGurus from an “outperform” rating to a “market perform” rating in a report on Wednesday, July 2nd. BTIG Research reiterated a “buy” rating and set a $39.00 target price on shares of CarGurus in a research note on Friday, September 5th. Weiss Ratings restated a “hold (c)” rating on shares of CarGurus in a research note on Saturday, September 27th. Finally, Wall Street Zen cut CarGurus from a “strong-buy” rating to a “buy” rating in a research report on Friday, September 5th. Six analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.46.

CarGurus Company Profile

CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.