Key Points
- CarGurus CEO Jason Trevisan sold 1,100 shares at an average price of $41.06, generating $45,166. The transaction was conducted under a pre-arranged Rule 10b5-1 plan and reduced his direct ownership by 0.16% to 674,762 shares.
- CarGurus exceeded quarterly expectations, reporting $0.66 in EPS versus the $0.61 consensus and revenue of $250.97 million. Revenue increased 7.2% year over year, and third-quarter 2026 EPS guidance was set at $0.63-$0.69.
- Analysts maintain a “Moderate Buy” consensus with a $40.35 price target, while institutional investors own 86.9% of the stock. Shares recently opened at $36.18, within a 52-week range of $26.39 to $41.22.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) CEO Jason Trevisan sold 1,100 shares of the firm's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $41.06, for a total value of $45,166.00. Following the sale, the chief executive officer directly owned 674,762 shares of the company's stock, valued at approximately $27,705,727.72. This represents a 0.16% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CarGurus Stock Performance
Shares of NASDAQ:CARG opened at $36.18 on Wednesday. The company has a market capitalization of $3.26 billion, a P/E ratio of 19.66, a price-to-earnings-growth ratio of 1.37 and a beta of 1.17. The company's 50-day moving average is $33.15 and its 200 day moving average is $32.69. CarGurus, Inc. has a fifty-two week low of $26.39 and a fifty-two week high of $41.22.
CarGurus (NASDAQ:CARG - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.61 by $0.05. The business had revenue of $250.97 million during the quarter, compared to the consensus estimate of $249.85 million. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, research analysts predict that CarGurus, Inc. will post 2.11 earnings per share for the current year.
Analyst Ratings Changes
CARG has been the topic of a number of research reports. Freedom Capital raised shares of CarGurus to a "strong-buy" rating in a report on Friday, June 12th. Citigroup initiated coverage on CarGurus in a research report on Friday, June 12th. They issued a "buy" rating for the company. Piper Sandler restated a "sector weight" rating on shares of CarGurus in a research note on Friday, June 12th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CarGurus in a research report on Friday. Finally, Barclays increased their price target on CarGurus from $40.00 to $41.00 and gave the stock an "overweight" rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $40.35.
Read Our Latest Stock Report on CARG
Institutional Trading of CarGurus
A number of institutional investors have recently modified their holdings of the business. Horizon Investments LLC increased its position in shares of CarGurus by 2.0% in the fourth quarter. Horizon Investments LLC now owns 16,375 shares of the company's stock valued at $628,000 after acquiring an additional 318 shares during the period. ProShare Advisors LLC grew its stake in shares of CarGurus by 2.8% in the fourth quarter. ProShare Advisors LLC now owns 15,992 shares of the company's stock worth $613,000 after purchasing an additional 436 shares during the last quarter. Ritholtz Wealth Management grew its stake in shares of CarGurus by 4.2% in the first quarter. Ritholtz Wealth Management now owns 11,039 shares of the company's stock worth $376,000 after purchasing an additional 449 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its holdings in CarGurus by 1.9% during the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 24,318 shares of the company's stock valued at $829,000 after purchasing an additional 459 shares during the period. Finally, HighTower Advisors LLC increased its holdings in CarGurus by 7.8% during the 4th quarter. HighTower Advisors LLC now owns 7,094 shares of the company's stock valued at $272,000 after purchasing an additional 514 shares during the period. 86.90% of the stock is currently owned by hedge funds and other institutional investors.
CarGurus Company Profile
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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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