Insider Selling: CarGurus (NASDAQ:CARG) General Counsel Sells $127,399.98 in Stock

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,533 shares of the company’s stock in a transaction that occurred on Thursday, July 2nd. The stock was sold at an average price of $36.06, for a total transaction of $127,399.98. Following the completion of the transaction, the general counsel owned 88,345 shares of the company’s stock, valued at approximately $3,185,720.70. The trade was a 3.85% 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.

Javier Zamora also recently made the following trade(s):

• On Monday, June 29th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $34.08, for a total transaction of $120,370.56.
• On Friday, June 26th, Javier Zamora sold 3,532 shares of CarGurus stock. The shares were sold at an average price of $32.63, for a total transaction of $115,249.16.
• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The stock was sold at an average price of $29.53, for a total transaction of $238,366.16.

CarGurus Stock Performance

Shares of CARG stock opened at $34.19 on Thursday. The stock has a fifty day simple moving average of $31.21 and a two-hundred day simple moving average of $32.99. The firm has a market capitalization of $3.08 billion, a PE ratio of 22.49, a PEG ratio of 1.28 and a beta of 1.18. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $39.42.

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. The business had revenue of $243.56 million for the quarter, compared to the consensus estimate of $243.10 million. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The business’s revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, sell-side analysts forecast that CarGurus, Inc. will post 2.11 EPS for the current fiscal year.

Institutional Investors Weigh In On CarGurus

Hedge funds have recently bought and sold shares of the business. Brown Brothers Harriman & Co. purchased a new position in shares of CarGurus in the 3rd quarter worth $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. increased its stake in CarGurus by 356.5% during 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 during the last quarter. Hedge funds and other institutional investors own 86.90% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CARG. Citigroup began coverage on shares of CarGurus in a report on Friday, June 12th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. lifted their price target on shares of CarGurus from $36.00 to $38.00 and gave the company a “neutral” rating in a report on Friday, May 8th. UBS Group set a $35.00 price target on shares of CarGurus in a research note on Thursday, May 28th. Royal Bank Of Canada increased their price objective on shares of CarGurus from $34.00 to $35.00 and gave the company an “outperform” rating in a report on Monday, May 11th. Finally, Piper Sandler restated a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $37.77.

CarGurus Company Profile

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.