Key Points
- CarGurus CMO Dafna Sarnoff sold 17,151 shares at an average price of $37, generating $634,587. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan, leaving her with 109,668 shares.
- CarGurus reported quarterly EPS of $0.66, beating estimates by $0.05, while revenue reached $250.97 million, up 7.2% year over year. The company guided for third-quarter EPS of $0.63–$0.69.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $40.75, while institutional investors own 86.9% of the stock. CARG recently traded near $37.44, below its 12-month high of $41.22.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) CMO Dafna Sarnoff sold 17,151 shares of the stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $37.00, for a total value of $634,587.00. Following the completion of the transaction, the chief marketing officer owned 109,668 shares in the company, valued at $4,057,716. The trade was a 13.52% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CarGurus Stock Down 1.3%
CARG stock opened at $37.44 on Friday. The company has a market cap of $3.38 billion, a P/E ratio of 20.35, a PEG ratio of 1.38 and a beta of 1.17. CarGurus, Inc. has a twelve month low of $26.39 and a twelve month high of $41.22. The business has a fifty day moving average of $33.76 and a 200-day moving average of $32.77.
CarGurus (NASDAQ:CARG - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.05. The business had revenue of $250.97 million for the quarter, compared to analyst estimates of $249.85 million. CarGurus had a return on equity of 62.88% and a net margin of 18.06%.The firm's revenue for the quarter was up 7.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.57 earnings per share. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, equities research analysts anticipate that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in CARG. Bank of New York Mellon Corp acquired a new position in shares of CarGurus in the 2nd quarter valued at approximately $15,631,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of CarGurus by 1.9% in 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 in the last quarter. Pacer Advisors Inc. boosted its holdings in shares of CarGurus by 31.5% in the 1st quarter. Pacer Advisors Inc. now owns 342,949 shares of the company's stock valued at $11,677,000 after purchasing an additional 82,222 shares in the last quarter. Bank of America Corp DE increased its stake in shares of CarGurus by 26.6% in the 1st quarter. Bank of America Corp DE now owns 586,346 shares of the company's stock valued at $19,965,000 after purchasing an additional 123,364 shares during the last quarter. Finally, Janus Henderson Group PLC increased its stake in shares of CarGurus by 8.1% in the 1st quarter. Janus Henderson Group PLC now owns 229,225 shares of the company's stock valued at $7,805,000 after purchasing an additional 17,139 shares during the last quarter. 86.90% of the stock is owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently weighed in on CARG. Needham & Company LLC upped their price objective on CarGurus from $43.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of CarGurus in a research report on Friday, August 7th. B. Riley Financial reissued a "buy" rating on shares of CarGurus in a research report on Friday, August 7th. Freedom Capital upgraded shares of CarGurus to a "strong-buy" rating in a research note on Friday, June 12th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CarGurus from $36.00 to $38.00 and gave the stock a "neutral" rating in a report on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat, CarGurus currently has an average rating of "Moderate Buy" and a consensus price target of $40.75.
Check Out Our Latest Stock Analysis 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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