Insider Selling: CarGurus (NASDAQ:CARG) CTO Sells $133,954.72 in Stock

CarGurus, Inc. (NASDAQ:CARG) CTO Matthew Todd Quinn sold 3,824 shares of the business’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 value of $133,954.72. Following the sale, the chief technology officer owned 233,146 shares of the company’s stock, valued at approximately $8,167,104.38. The trade was a 1.61% decrease in their position. The transaction 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.

CarGurus Price Performance

Shares of NASDAQ:CARG traded down $0.58 during trading on Monday, hitting $35.66. 1,188,788 shares of the company were exchanged, compared to its average volume of 1,321,205. The firm’s 50 day moving average price is $31.38 and its 200-day moving average price is $33.06. CarGurus, Inc. has a 12-month low of $26.39 and a 12-month high of $39.42. The stock has a market capitalization of $3.22 billion, a P/E ratio of 23.46, a PEG ratio of 1.32 and a beta of 1.18.

CarGurus (NASDAQ:CARG) last posted its earnings results 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 firm had revenue of $243.56 million for the quarter, compared to the consensus estimate of $243.10 million. During the same period last year, the firm posted $0.46 EPS. The company’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. As a group, equities research analysts anticipate that CarGurus, Inc. will post 2.11 EPS for the current year.

Analyst Ratings Changes

A number of analysts recently issued reports on CARG shares. Citigroup started coverage on CarGurus in a research report on Friday, June 12th. They issued a “buy” rating for the company. Freedom Capital upgraded shares of CarGurus to a “strong-buy” rating in a research report on Friday, June 12th. Wall Street Zen upgraded shares of CarGurus from a “hold” rating to a “buy” rating in a research note on Saturday, June 27th. Barclays started coverage on shares of CarGurus in a research note on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price objective on the stock. Finally, UBS Group set a $35.00 price target on CarGurus in a report on Thursday, May 28th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.77.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CARG. Pacer Advisors Inc. increased its holdings in CarGurus by 31.5% during the 1st quarter. Pacer Advisors Inc. now owns 342,949 shares of the company’s stock valued at $11,677,000 after acquiring an additional 82,222 shares in the last quarter. Bank of America Corp DE boosted its stake in CarGurus by 26.6% in the 1st quarter. Bank of America Corp DE now owns 586,346 shares of the company’s stock worth $19,965,000 after buying an additional 123,364 shares during the last quarter. Janus Henderson Group PLC grew its holdings in CarGurus by 8.1% in the first quarter. Janus Henderson Group PLC now owns 229,225 shares of the company’s stock valued at $7,805,000 after purchasing an additional 17,139 shares during the period. Smith Group Asset Management LLC grew its stake in shares of CarGurus by 68.6% during the 1st quarter. Smith Group Asset Management LLC now owns 16,980 shares of the company’s stock valued at $578,000 after buying an additional 6,906 shares during the period. Finally, EverSource Wealth Advisors LLC increased its stake in CarGurus by 28.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company’s stock worth $129,000 after acquiring an additional 834 shares during the last quarter. Institutional investors and hedge funds own 86.90% of the company’s stock.

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.