Key Points
- Insider sale: Jennifer Ladd Hanson sold 2,499 shares on March 31 at an average of $35.61 under a pre-arranged Rule 10b5-1 plan, reducing her stake by 2.48% to 98,191 shares (≈$3.50M).
- Recent results: CarGurus reported $0.63 EPS (beating estimates by $0.02) and $209.1M revenue (below estimates), set Q1 2026 guidance of $0.52–$0.58 EPS, and analysts expect about $1.41 EPS for the fiscal year.
- Ownership and sentiment: Institutional investors hold 86.9% of the stock with large position increases from UBS and Wellington, while analyst coverage is mixed (five Buys, eight Holds) with an average target of ~$38.14.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) insider Jennifer Ladd Hanson sold 2,499 shares of the company's stock in a transaction dated Tuesday, March 31st. The stock was sold at an average price of $35.61, for a total transaction of $88,989.39. Following the completion of the sale, the insider directly owned 98,191 shares of the company's stock, valued at approximately $3,496,581.51. This trade represents a 2.48% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CarGurus Stock Performance
NASDAQ CARG opened at $33.33 on Friday. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 21.50, a price-to-earnings-growth ratio of 1.25 and a beta of 1.32. The company's 50-day simple moving average is $31.62 and its two-hundred day simple moving average is $34.66. CarGurus, Inc. has a one year low of $24.65 and a one year high of $39.42.
CarGurus (NASDAQ:CARG - Get Free Report) last posted its quarterly earnings results on Thursday, February 19th. The company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.61 by $0.02. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The business had revenue of $209.09 million during the quarter, compared to analyst estimates of $239.07 million. During the same quarter in the previous year, the business posted $0.55 EPS. The company's quarterly revenue was up 14.7% compared to the same quarter last year. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Equities analysts expect that CarGurus, Inc. will post 1.41 earnings per share for the current fiscal year.
Hedge Funds Weigh In On CarGurus
A number of large investors have recently made changes to their positions in CARG. Congress Asset Management Co. purchased a new stake in shares of CarGurus during the 3rd quarter valued at $70,856,000. UBS Group AG grew its stake in CarGurus by 158.2% during the 3rd quarter. UBS Group AG now owns 1,537,856 shares of the company's stock worth $57,254,000 after buying an additional 942,199 shares during the last quarter. Wellington Management Group LLP grew its stake in CarGurus by 6.6% during the 3rd quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company's stock worth $358,773,000 after buying an additional 594,670 shares during the last quarter. William Blair Investment Management LLC acquired a new position in CarGurus during the 4th quarter valued at about $21,756,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in CarGurus by 159,137.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company's stock valued at $22,787,000 after buying an additional 536,292 shares in the last quarter. 86.90% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
CARG has been the subject of a number of analyst reports. DA Davidson lowered their target price on CarGurus from $37.50 to $33.50 and set a "neutral" rating for the company in a report on Friday, February 20th. UBS Group set a $38.00 price target on CarGurus in a report on Tuesday, February 24th. Royal Bank Of Canada decreased their price objective on CarGurus from $40.00 to $34.00 and set an "outperform" rating for the company in a research note on Friday, February 20th. Needham & Company LLC cut their target price on CarGurus from $44.00 to $37.00 and set a "buy" rating on the stock in a research note on Thursday, February 5th. Finally, Wall Street Zen downgraded shares of CarGurus from a "buy" rating to a "hold" rating in a report on Sunday, February 15th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $38.14.
Check Out Our Latest Report on CarGurus
CarGurus Company Profile
(
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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