CarGurus, Inc. (NASDAQ:CARG - Get Free Report) COO Samuel Zales sold 10,000 shares of the firm's stock in a transaction dated Friday, August 28th. The stock was sold at an average price of $36.50, for a total transaction of $365,000.00. Following the completion of the sale, the chief operating officer owned 465,349 shares of the company's stock, valued at $16,985,238.50. This trade represents a 2.10% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
CarGurus Trading Down 2.5%
Shares of NASDAQ:CARG opened at $35.66 on Tuesday. CarGurus, Inc. has a 12 month low of $26.39 and a 12 month high of $41.22. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of 19.38, a PEG ratio of 1.30 and a beta of 1.17. The firm's 50-day moving average is $35.46 and its 200 day moving average is $33.21.
CarGurus (NASDAQ:CARG - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.61 by $0.05. CarGurus had a net margin of 18.06% and a return on equity of 62.88%. The business had revenue of $250.97 million during the quarter, compared to the consensus estimate of $249.85 million. During the same quarter last year, the firm earned $0.57 earnings per share. The firm's quarterly revenue was up 7.2% compared to the same quarter last year. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. As a group, equities analysts forecast that CarGurus, Inc. will post 2.17 EPS for the current fiscal year.
Institutional Investors Weigh In On CarGurus
Several institutional investors have recently bought and sold shares of the company. Wellington Management Group LLP grew its holdings in CarGurus by 6.6% in the third quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company's stock worth $358,773,000 after purchasing an additional 594,670 shares during the last quarter. California State Teachers Retirement System lifted its holdings in shares of CarGurus by 2,879.8% during the 2nd quarter. California State Teachers Retirement System now owns 3,003,431 shares of the company's stock valued at $102,387,000 after purchasing an additional 2,902,639 shares during the last quarter. Prevatt Capital Ltd boosted its position in shares of CarGurus by 12.5% in the 1st quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company's stock worth $84,274,000 after purchasing an additional 275,000 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of CarGurus by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 2,101,437 shares of the company's stock worth $80,602,000 after purchasing an additional 24,910 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its stake in CarGurus by 0.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,914,925 shares of the company's stock worth $64,093,000 after buying an additional 6,676 shares during the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of research firms have recently commented on CARG. Barclays upped their price target on shares of CarGurus from $40.00 to $41.00 and gave the stock an "overweight" rating in a report on Monday, August 10th. B. Riley Financial restated a "buy" rating on shares of CarGurus in a research note on Friday, August 7th. Needham & Company LLC raised their target price on shares of CarGurus from $43.00 to $44.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Piper Sandler reaffirmed a "sector weight" rating on shares of CarGurus in a research note on Friday, June 12th. Finally, Weiss Ratings upgraded CarGurus from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat.com, CarGurus has a consensus rating of "Moderate Buy" and an average price target of $40.75.
View Our Latest Stock 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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