CarGurus (NASDAQ:CARG) Insider Sells $19,862.01 in Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $35.03, for a total transaction of $19,862.01. Following the completion of 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 stock was sold at an average price of $34.56, for a total transaction of $86,365.44.

CarGurus Stock Performance

CARG opened at $34.19 on Thursday. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $39.42. The stock has a market cap of $3.08 billion, a price-to-earnings ratio of 22.49, a price-to-earnings-growth ratio of 1.28 and a beta of 1.18. The firm’s fifty day moving average is $31.21 and its 200 day moving average is $32.99.

CarGurus (NASDAQ:CARG) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.58 EPS for the quarter, beating the consensus estimate of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business had revenue of $243.56 million for the quarter, compared to the consensus estimate of $243.10 million. During the same period in the previous year, the business earned $0.46 earnings per share. The business’s 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 predict that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Hedge Funds Weigh In On CarGurus

Several institutional investors have recently bought and sold shares of the business. Brown Brothers Harriman & Co. bought a new stake in shares of CarGurus in the 3rd quarter worth about $46,000. Torren Management LLC bought a new position in shares of CarGurus in the 4th quarter valued at about $49,000. EverSource Wealth Advisors LLC lifted its holdings in shares of CarGurus by 491.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after acquiring an additional 1,362 shares during the last quarter. Clearstead Advisors LLC grew its position 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 position in CarGurus by 356.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock worth $83,000 after acquiring an additional 1,697 shares in the last quarter. Institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

CARG has been the topic of several recent analyst reports. Needham & Company LLC lifted their price objective on shares of CarGurus from $37.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Citigroup began coverage on shares of CarGurus in a research report on Friday, June 12th. They set a “buy” rating for the company. Barclays assumed coverage on shares of CarGurus in a research note on Thursday, May 28th. They set an “overweight” rating and a $35.00 target price for the company. Royal Bank Of Canada boosted their price target on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of CarGurus from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, May 13th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, CarGurus has a consensus rating of “Moderate Buy” and an average price target of $37.77.

About CarGurus

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.