Key Points
- CarGurus General Counsel Javier Zamora sold 8,072 shares on June 1 at an average price of $29.53, generating about $238,366 and reducing his stake by 7.26%.
- CarGurus shares were down 4.9% and traded at $27.25, near their 12-month low of $26.39 and below both the 50-day and 200-day moving averages.
- The company recently beat quarterly earnings expectations with Q1 EPS of $0.58 versus $0.56 expected, and revenue of $243.56 million, while analysts currently have a consensus rating of “Hold.”
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) General Counsel Javier Zamora sold 8,072 shares of CarGurus stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $29.53, for a total transaction of $238,366.16. Following the completion of the sale, the general counsel owned 103,061 shares of the company's stock, valued at $3,043,391.33. This trade represents a 7.26% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
CarGurus Stock Down 4.9%
Shares of NASDAQ:CARG opened at $27.25 on Thursday. CarGurus, Inc. has a 12-month low of $26.39 and a 12-month high of $39.42. The company's 50 day moving average price is $33.46 and its two-hundred day moving average price is $33.88. The firm has a market cap of $2.46 billion, a PE ratio of 17.93, a PEG ratio of 1.05 and a beta of 1.20.
CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings results on Thursday, May 7th. The company reported $0.58 earnings per share for the quarter, beating analysts' consensus estimates of $0.56 by $0.02. The company had revenue of $243.56 million during the quarter, compared to the consensus estimate of $243.10 million. CarGurus had a net margin of 15.57% and a return on equity of 54.42%. The firm's quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.46 earnings per share. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. On average, research analysts expect that CarGurus, Inc. will post 2.11 EPS for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on CARG. Royal Bank Of Canada upped their price target on shares of CarGurus from $34.00 to $35.00 and gave the stock an "outperform" rating in a report on Monday, May 11th. JPMorgan Chase & Co. boosted their price objective on shares of CarGurus from $36.00 to $38.00 and gave the company a "neutral" rating in a research report on Friday, May 8th. Oppenheimer cut their target price on CarGurus from $40.00 to $38.00 and set an "outperform" rating for the company in a research note on Tuesday, February 24th. DA Davidson reduced their target price on CarGurus from $37.50 to $33.50 and set a "neutral" rating on the stock in a report on Friday, February 20th. Finally, Wall Street Zen upgraded CarGurus from a "hold" rating to a "buy" rating in a research note on Saturday, May 9th. Six equities research analysts have rated the stock with a Buy rating and eight have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $37.79.
View Our Latest Stock Analysis on CARG
Institutional Investors Weigh In On CarGurus
Hedge funds have recently made changes to their positions in the stock. UBS Group AG grew its holdings in shares of CarGurus by 158.2% during the 3rd quarter. UBS Group AG now owns 1,537,856 shares of the company's stock valued at $57,254,000 after purchasing an additional 942,199 shares during the last quarter. Wellington Management Group LLP boosted its position in CarGurus by 6.6% in the third quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company's stock valued at $358,773,000 after buying an additional 594,670 shares in the last quarter. William Blair Investment Management LLC acquired a new stake in CarGurus in the fourth quarter valued at approximately $21,756,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of CarGurus by 159,137.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company's stock worth $22,787,000 after buying an additional 536,292 shares during the last quarter. Finally, Prevatt Capital Ltd increased its holdings in shares of CarGurus by 28.1% during the third quarter. Prevatt Capital Ltd now owns 2,050,000 shares of the company's stock worth $76,322,000 after buying an additional 450,000 shares in the last quarter. 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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