Key Points
- CEO Jason Trevisan sold 20,000 shares on December 9 at an average price of $37.00 for a $740,000 transaction, reducing his stake by 2.96% to 655,483 shares (worth ≈ $24.25M).
- Recent results beat expectations: CarGurus reported Q3 EPS of $0.57 (vs. $0.55 est.) and revenue of $238.7M (vs. $234.6M), and issued FY2025 guidance of $2.19–$2.25 EPS with Q4 guidance of $0.61–$0.67.
- Market and analyst backdrop: the stock (market cap ≈ $3.54B) trades between a 1‑year low/high of $24.65/$41.33, institutional ownership is ~86.9%, and analysts hold a consensus "Hold" with an average target of $39.95.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) CEO Jason Trevisan sold 20,000 shares of the company's stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $37.00, for a total transaction of $740,000.00. Following the transaction, the chief executive officer directly owned 655,483 shares of the company's stock, valued at approximately $24,252,871. This trade represents a 2.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.
CarGurus Price Performance
NASDAQ CARG opened at $37.12 on Thursday. CarGurus, Inc. has a 1 year low of $24.65 and a 1 year high of $41.33. The stock has a market capitalization of $3.54 billion, a PE ratio of 25.25, a PEG ratio of 1.72 and a beta of 1.42. The business's 50-day moving average is $35.33 and its 200 day moving average is $34.21.
CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings results on Thursday, November 6th. The company reported $0.57 EPS for the quarter, beating analysts' consensus estimates of $0.55 by $0.02. The business had revenue of $238.70 million during the quarter, compared to analyst estimates of $234.57 million. CarGurus had a return on equity of 41.31% and a net margin of 16.41%.CarGurus's quarterly revenue was up 3.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.45 EPS. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. As a group, equities research analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research firms recently weighed in on CARG. Citigroup lifted their price target on shares of CarGurus from $37.00 to $41.00 and gave the company a "neutral" rating in a report on Tuesday, October 28th. JPMorgan Chase & Co. raised their target price on shares of CarGurus from $38.00 to $43.00 and gave the stock a "neutral" rating in a research report on Tuesday, October 14th. Wall Street Zen raised shares of CarGurus from a "hold" rating to a "buy" rating in a research note on Saturday, November 22nd. BTIG Research reiterated a "buy" rating and set a $39.00 price target on shares of CarGurus in a research report on Friday, September 5th. Finally, Zacks Research lowered shares of CarGurus from a "strong-buy" rating to a "hold" rating in a report on Thursday, October 16th. Four investment analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $39.95.
Check Out Our Latest Report on CarGurus
Institutional Trading of CarGurus
A number of hedge funds have recently modified their holdings of CARG. Vanguard Group Inc. increased its stake in shares of CarGurus by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 9,780,608 shares of the company's stock worth $284,909,000 after acquiring an additional 93,722 shares in the last quarter. Wellington Management Group LLP boosted its stake in CarGurus by 6.6% during the third quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company's stock worth $358,773,000 after acquiring an additional 594,670 shares in the last quarter. Prevatt Capital Ltd grew its holdings in CarGurus by 28.1% in the third quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company's stock worth $76,322,000 after purchasing an additional 450,000 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in shares of CarGurus by 0.3% during the second quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company's stock valued at $64,093,000 after purchasing an additional 6,676 shares during the last quarter. Finally, Congress Asset Management Co. bought a new stake in shares of CarGurus in the 3rd quarter worth approximately $70,856,000. Institutional investors own 86.90% of the company's stock.
About CarGurus
(
Get Free Report)
CarGurus, Inc operates an online automotive platform for buying and selling vehicles in the United States and internationally. It operates through two segments, U.S. Marketplace and Digital Wholesale. The company provides an online automotive marketplace where customers can search for new and used car listings from its dealers and sell their car to dealers and other consumers; and paid listings subscriptions for enhanced access to its marketplace that connects dealers to a large audience of informed and engaged consumers.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
