Key Points
- CarGurus COO Samuel Zales sold 10,000 shares at an average price of $34.62, generating $346,200 under a pre-arranged Rule 10b5-1 trading plan. He still owns 455,349 shares valued at approximately $15.8 million.
- CarGurus recently reported quarterly EPS of $0.66, beating estimates of $0.61, while revenue rose 7.2% year over year to $250.97 million. The company guided for third-quarter EPS of $0.63–$0.69.
- The stock opened at $33.75, down 2.7%, while analysts maintain a “Moderate Buy” consensus with an average price target of $40.75; institutional investors own 86.9% of outstanding shares.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) COO Samuel Zales sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $34.62, for a total transaction of $346,200.00. Following the transaction, the chief operating officer owned 455,349 shares in the company, valued at approximately $15,764,182.38. This represents a 2.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Samuel Zales also recently made the following trade(s):
- On Friday, August 28th, Samuel Zales sold 10,000 shares of CarGurus stock. The stock was sold at an average price of $36.50, for a total value of $365,000.00.
CarGurus Trading Down 2.7%
Shares of NASDAQ:CARG opened at $33.75 on Friday. The company has a market capitalization of $3.01 billion, a PE ratio of 18.34, a P/E/G ratio of 1.23 and a beta of 1.16. The business's fifty day simple moving average is $35.50 and its 200-day simple moving average is $33.69. CarGurus, Inc. has a 12-month low of $26.39 and a 12-month high of $41.22.
CarGurus (NASDAQ:CARG - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, beating 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 analyst estimates of $249.85 million. During the same period in the prior year, the firm posted $0.57 earnings per share. The company's quarterly revenue was up 7.2% on a year-over-year basis. CarGurus has set its Q3 2026 guidance at 0.630-0.690 EPS. Research analysts predict that CarGurus, Inc. will post 2.17 EPS for the current year.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in CARG. Public Employees Retirement System of Ohio purchased a new position in CarGurus in the second quarter valued at approximately $43,000. Clearstead Advisors LLC raised its position in CarGurus by 321.2% in the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company's stock worth $82,000 after acquiring an additional 1,622 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of CarGurus by 356.5% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company's stock worth $83,000 after buying an additional 1,697 shares in the last quarter. Global Retirement Partners LLC grew its position in shares of CarGurus by 859.9% in the fourth quarter. Global Retirement Partners LLC now owns 2,323 shares of the company's stock valued at $89,000 after purchasing an additional 2,081 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in CarGurus by 28.3% during the first quarter. EverSource Wealth Advisors LLC now owns 3,778 shares of the company's stock worth $129,000 after buying an additional 834 shares in the last quarter. 86.90% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
CARG has been the topic of several recent analyst reports. B. Riley Financial reaffirmed a "buy" rating on shares of CarGurus in a report on Friday, August 7th. Weiss Ratings raised CarGurus from a "hold (c)" rating to a "hold (c+)" rating in a report on Friday, August 21st. Piper Sandler restated a "sector weight" rating on shares of CarGurus in a research report on Friday, June 12th. Freedom Capital upgraded CarGurus to a "strong-buy" rating in a research report on Friday, June 12th. Finally, UBS Group increased their price objective on CarGurus from $37.00 to $40.00 and gave the company a "neutral" rating in a research note on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.75.
View Our Latest Report on CARG
About CarGurus
(
Get Free Report)
CarGurus, Inc operates an online automotive marketplace that connects consumers with automobile dealers and private sellers. Its platform enables shoppers to search for new and used vehicles, compare listings, evaluate pricing and vehicle details, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital advertising and marketing products designed to help them display inventory and reach prospective buyers.
The company also provides tools and services intended to support automotive retailers throughout the vehicle-shopping process, including inventory merchandising, lead generation, pricing insights and digital retail capabilities.
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