Key Points
- CEO Jason Trevisan sold a total of 45,000 CarGurus shares in December (8,452 on Dec. 22, 16,548 on Dec. 23 and 20,000 on Dec. 9) for roughly $1.72M, and now directly owns 647,031 shares valued at about $25.26M.
- CarGurus recently beat quarterly EPS and revenue estimates and issued FY2025 guidance of 2.190–2.250 EPS; the stock trades near $38.58 with a market cap of ~$3.68B, and analysts have an average rating of Hold with a consensus target of $40.41.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) CEO Jason Trevisan sold 8,452 shares of the business's stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $39.04, for a total value of $329,966.08. Following the completion of the sale, the chief executive officer directly owned 647,031 shares in the company, valued at approximately $25,260,090.24. The trade was a 1.29% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Jason Trevisan also recently made the following trade(s):
- On Tuesday, December 23rd, Jason Trevisan sold 16,548 shares of CarGurus stock. The stock was sold at an average price of $39.02, for a total value of $645,702.96.
- On Tuesday, December 9th, Jason Trevisan sold 20,000 shares of CarGurus stock. The shares were sold at an average price of $37.00, for a total value of $740,000.00.
CarGurus Trading Down 0.2%
CARG opened at $38.58 on Tuesday. The stock's 50-day moving average price is $36.14 and its 200 day moving average price is $34.84. CarGurus, Inc. has a 12-month low of $24.65 and a 12-month high of $41.33. The firm has a market cap of $3.68 billion, a price-to-earnings ratio of 26.24, a PEG ratio of 1.79 and a beta of 1.42.
CarGurus (NASDAQ:CARG - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported $0.57 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.55 by $0.02. The company had revenue of $238.70 million for the quarter, compared to analyst estimates of $234.57 million. CarGurus had a net margin of 16.41% and a return on equity of 41.31%. The business's revenue for the quarter was up 3.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.45 earnings per share. CarGurus has set its FY 2025 guidance at 2.190-2.250 EPS and its Q4 2025 guidance at 0.610-0.670 EPS. On average, research analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Zacks Research cut shares of CarGurus from a "strong-buy" rating to a "hold" rating in a research report on Thursday, October 16th. DA Davidson set a $37.50 price objective on CarGurus in a research note on Monday, November 17th. UBS Group boosted their target price on CarGurus from $36.00 to $40.00 and gave the stock a "neutral" rating in a research note on Monday, October 6th. JPMorgan Chase & Co. upped their price target on CarGurus from $38.00 to $43.00 and gave the stock a "neutral" rating in a report on Tuesday, October 14th. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of CarGurus in a research note on Monday, December 22nd. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $40.41.
Check Out Our Latest Analysis on CarGurus
Institutional Trading of CarGurus
A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. Intech Investment Management LLC lifted its stake in CarGurus by 50.0% in the first quarter. Intech Investment Management LLC now owns 67,246 shares of the company's stock valued at $1,959,000 after buying an additional 22,425 shares during the last quarter. Nordea Investment Management AB increased its holdings in shares of CarGurus by 6.7% in the 2nd quarter. Nordea Investment Management AB now owns 336,930 shares of the company's stock valued at $11,247,000 after acquiring an additional 21,167 shares during the period. Dynamic Technology Lab Private Ltd purchased a new stake in CarGurus in the 2nd quarter valued at $379,000. Capital Fund Management S.A. raised its position in CarGurus by 252.6% in the 2nd quarter. Capital Fund Management S.A. now owns 186,106 shares of the company's stock valued at $6,229,000 after purchasing an additional 133,331 shares during the last quarter. Finally, Congress Asset Management Co. acquired a new stake in CarGurus during the 3rd quarter worth $70,856,000. 86.90% of the stock is currently owned by institutional investors and hedge funds.
About CarGurus
(
Get Free Report)
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.
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