CarGurus, Inc. (NASDAQ:CARG - Get Free Report) insider Jennifer Ladd Hanson sold 567 shares of the company's stock in a transaction on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total transaction of $18,733.68. Following the transaction, the insider owned 96,432 shares of the company's stock, valued at $3,186,113.28. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Jennifer Ladd Hanson also recently made the following trade(s):
- On Tuesday, March 31st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The stock was sold at an average price of $35.61, for a total transaction of $88,989.39.
CarGurus Stock Performance
Shares of NASDAQ:CARG opened at $34.75 on Tuesday. The company has a fifty day moving average of $31.62 and a 200-day moving average of $34.59. The company has a market capitalization of $3.31 billion, a PE ratio of 22.42, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. CarGurus, Inc. has a 52-week low of $24.65 and a 52-week high of $39.42.
CarGurus (NASDAQ:CARG - Get Free Report) last announced its quarterly earnings results on Thursday, February 19th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.02. The company had revenue of $209.09 million during the quarter, compared to the consensus estimate of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The company's revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.55 earnings per share. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. On average, equities analysts forecast that CarGurus, Inc. will post 1.41 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have recently issued reports on CARG. DA Davidson lowered their price target on shares of CarGurus from $37.50 to $33.50 and set a "neutral" rating for the company in a report on Friday, February 20th. Weiss Ratings reissued a "hold (c+)" rating on shares of CarGurus in a research note on Monday, December 29th. Jefferies Financial Group boosted their price objective on shares of CarGurus from $42.00 to $45.00 and gave the stock a "buy" rating in a research note on Thursday, December 11th. UBS Group set a $38.00 price objective on shares of CarGurus in a research note on Tuesday, February 24th. Finally, Wall Street Zen cut shares of CarGurus from a "buy" rating to a "hold" rating in a research note on Sunday, February 15th. Five investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company's stock. According to MarketBeat, CarGurus has a consensus rating of "Hold" and a consensus price target of $38.14.
Read Our Latest Stock Report on CARG
Institutional Trading of CarGurus
Several institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC boosted its position in CarGurus by 71.1% during the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company's stock valued at $40,000 after acquiring an additional 443 shares during the last quarter. Brown Brothers Harriman & Co. bought a new stake in CarGurus during the third quarter valued at $46,000. Torren Management LLC bought a new stake in CarGurus during the fourth quarter valued at $49,000. First Horizon Corp bought a new stake in CarGurus during the third quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC boosted its position in CarGurus by 491.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company's stock valued at $55,000 after acquiring an additional 1,362 shares during the last quarter. Institutional investors own 86.90% of the company's stock.
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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