Insider Selling: CarGurus (NASDAQ:CARG) Director Sells $360,700.00 in Stock

CarGurus, Inc. (NASDAQ:CARG) Director Greg Schwartz sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $36.07, for a total transaction of $360,700.00. Following the transaction, the director directly owned 8,716 shares in the company, valued at approximately $314,386.12. This trade represents a 53.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link.

CarGurus Stock Performance

Shares of NASDAQ CARG opened at $37.44 on Monday. CarGurus, Inc. has a 52-week low of $26.39 and a 52-week high of $41.22. The firm has a market capitalization of $3.33 billion, a price-to-earnings ratio of 20.35, a PEG ratio of 1.36 and a beta of 1.17. The stock has a 50 day moving average price of $33.76 and a 200 day moving average price of $32.76.

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. The company had revenue of $250.97 million for the quarter, compared to the consensus estimate of $249.85 million. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.CarGurus’s quarterly revenue was up 7.2% on a year-over-year basis. During the same period last year, the business posted $0.57 EPS. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Analysts forecast that CarGurus, Inc. will post 2.11 earnings per share for the current year.

Institutional Investors Weigh In On CarGurus

Institutional investors have recently bought and sold shares of the company. Brown Brothers Harriman & Co. acquired a new position in shares of CarGurus during the third quarter worth $46,000. Torren Management LLC purchased a new position in CarGurus during the 4th quarter worth $49,000. EverSource Wealth Advisors LLC increased its position in CarGurus by 491.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after buying an additional 1,362 shares in the last quarter. Clearstead Advisors LLC increased its position in CarGurus by 321.2% during the 4th quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock valued at $82,000 after buying an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its stake in CarGurus by 356.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after buying an additional 1,697 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Royal Bank Of Canada lifted their price objective on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Friday, August 7th. Piper Sandler reissued a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. Needham & Company LLC boosted their price target on shares of CarGurus from $43.00 to $44.00 and gave the company a “buy” rating in a report on Friday, August 7th. Oppenheimer upped their price target on shares of CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, UBS Group increased their price objective on shares of CarGurus from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given 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 $40.75.

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.