Insider Selling: CarGurus (NASDAQ:CARG) Insider Sells $79,174.26 in Stock

CarGurus, Inc. (NASDAQ:CARG) insider Ismail Elshareef sold 2,673 shares of the stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $29.62, for a total transaction of $79,174.26. Following the transaction, the insider owned 127,933 shares of the company’s stock, valued at $3,789,375.46. This represents a 2.05% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Stock Up 0.1%

NASDAQ CARG opened at $28.77 on Thursday. The company’s 50 day moving average is $34.37 and its 200-day moving average is $33.51. CarGurus, Inc. has a 12-month low of $26.39 and a 12-month high of $41.22. The firm has a market cap of $2.56 billion, a P/E ratio of 15.64, a price-to-earnings-growth ratio of 1.02 and a beta of 1.22.

CarGurus (NASDAQ:CARG) last released its quarterly earnings data on Thursday, August 6th. The company reported $0.66 EPS for the quarter, topping the consensus estimate of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The company had revenue of $250.97 million during the quarter, compared to the consensus estimate of $249.85 million. During the same period last year, the firm earned $0.57 EPS. CarGurus’s revenue for the quarter was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Equities analysts expect that CarGurus, Inc. will post 2.17 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in CarGurus by 20.2% during the third quarter. Versant Capital Management Inc now owns 2,325 shares of the company’s stock valued at $72,000 after buying an additional 391 shares during the period. Ritholtz Wealth Management raised its holdings in shares of CarGurus by 4.2% in 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. Hennion & Walsh Asset Management Inc. raised its holdings in shares of CarGurus by 1.9% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company’s stock valued at $829,000 after acquiring an additional 459 shares in the last quarter. Aristides Capital LLC boosted its position in shares of CarGurus by 11.6% during the 1st quarter. Aristides Capital LLC now owns 7,920 shares of the company’s stock valued at $270,000 after acquiring an additional 825 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of CarGurus by 28.3% during the 1st quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company’s stock valued at $129,000 after acquiring an additional 834 shares during the last quarter. 86.90% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Freedom Capital upgraded CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. Citigroup increased their price objective on CarGurus from $32.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 14th. Weiss Ratings upgraded CarGurus from a “hold (c)” rating to a “hold (c+)” rating in a research note on Friday, August 21st. BTIG Research raised their target price on CarGurus from $40.00 to $41.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, UBS Group reduced their target price on CarGurus from $40.00 to $35.00 and set a “neutral” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.95.

CarGurus Company Profile

CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.

The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.