CarGurus (NASDAQ:CARG) Stock: Insider Samuel Zales Sells 10,000 Shares

CarGurus, Inc. (NASDAQ:CARG) COO Samuel Zales sold 10,000 shares of the business’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $30.31, for a total transaction of $303,100.00. Following the completion of the sale, the chief operating officer owned 429,735 shares in the company, valued at approximately $13,025,267.85. This trade represents a 2.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Samuel Zales also recently made the following trade(s):

• On Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $34.62, for a total transaction of $346,200.00.
• On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.50, for a total transaction of $365,000.00.

CarGurus Price Performance

Shares of CARG opened at $30.28 on Friday. CarGurus, Inc. has a 1-year low of $26.39 and a 1-year high of $41.22. The stock has a market cap of $2.70 billion, a PE ratio of 16.46, a P/E/G ratio of 1.07 and a beta of 1.22. The firm has a 50-day simple moving average of $33.34 and a two-hundred day simple moving average of $33.26.

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CARG. Prevatt Capital Ltd increased its stake in CarGurus by 12.5% during the 1st quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company’s stock worth $84,274,000 after buying an additional 275,000 shares during the period. Congress Asset Management Co. lifted its holdings in CarGurus by 7.6% during the 3rd quarter. Congress Asset Management Co. now owns 2,125,686 shares of the company’s stock worth $66,236,000 after buying an additional 149,338 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its holdings in CarGurus by 8.5% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,110,231 shares of the company’s stock worth $37,803,000 after buying an additional 86,600 shares in the last quarter. Bessemer Group Inc. boosted its position in CarGurus by 18.2% in the 1st quarter. Bessemer Group Inc. now owns 1,085,061 shares of the company’s stock valued at $36,945,000 after buying an additional 166,954 shares during the period. Finally, Bank of America Corp DE boosted its position in CarGurus by 26.6% in the 1st quarter. Bank of America Corp DE now owns 586,346 shares of the company’s stock valued at $19,965,000 after buying an additional 123,364 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Royal Bank Of Canada boosted their target price on CarGurus from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Friday, August 7th. Oppenheimer upped their price target on CarGurus from $38.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 12th. Wall Street Zen lowered CarGurus from a “buy” rating to a “hold” rating in a research report on Saturday, October 3rd. Needham & Company LLC lifted their price objective on CarGurus from $43.00 to $44.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of CarGurus in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the stock 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.