CarGurus (NASDAQ:CARG) COO Samuel Zales Sells 10,000 Shares

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 16th. The shares were sold at an average price of $34.92, for a total value of $349,200.00. Following the completion of the transaction, the chief operating officer owned 420,259 shares in the company, valued at $14,675,444.28. This represents a 2.32% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Samuel Zales also recently made the following trade(s):

• On Tuesday, September 16th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.08, for a total transaction of $360,800.00.

CarGurus Stock Performance

Shares of CarGurus stock opened at $34.92 on Friday. The stock’s 50-day simple moving average is $35.11 and its 200 day simple moving average is $32.40. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $41.33. The stock has a market capitalization of $3.47 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.68 and a beta of 1.52.

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

Analyst Ratings Changes

CARG has been the topic of several analyst reports. BTIG Research reissued a “buy” rating and issued a $39.00 target price on shares of CarGurus in a report on Friday, September 5th. Needham & Company LLC increased their target price on CarGurus from $39.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 8th. Weiss Ratings reissued a “hold (c)” rating on shares of CarGurus in a research report on Wednesday, October 8th. UBS Group increased their target price on shares of CarGurus from $36.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, October 6th. Finally, JPMorgan Chase & Co. increased their price target on CarGurus from $38.00 to $43.00 and gave the stock a “neutral” rating in a research note on Tuesday. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and eight have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $39.54.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. BNP PARIBAS ASSET MANAGEMENT Holding S.A. bought a new stake in shares of CarGurus during the 2nd quarter worth approximately $27,000. Private Wealth Asset Management LLC purchased a new stake in CarGurus in the second quarter worth $29,000. MAI Capital Management increased its stake in CarGurus by 661.0% in 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 period. Farther Finance Advisors LLC lifted its position in shares of CarGurus by 71.1% during the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock worth $40,000 after purchasing an additional 443 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in shares of CarGurus during the first quarter valued at $46,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.

About CarGurus

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.