Key Points
- CarGurus COO Samuel Zales sold 10,000 shares at an average price of $30.31, totaling $303,100, under a pre-arranged Rule 10b5-1 trading plan. He retained 429,735 shares after the transaction.
- CarGurus reported quarterly EPS of $0.66, exceeding the $0.61 consensus estimate, while revenue rose 7.2% year over year to $250.97 million.
- The stock was trading near $30.28, below its 50-day and 200-day moving averages, while analysts maintained a consensus “Moderate Buy” rating with a $39.95 target price.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) COO Samuel Zales sold 10,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $30.31, for a total transaction of $303,100.00. Following the completion of the transaction, the chief operating officer directly owned 429,735 shares of the company's stock, valued at approximately $13,025,267.85. The trade was a 2.27% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Samuel Zales also recently made the following trade(s):
- On Tuesday, September 15th, Samuel Zales sold 10,000 shares of CarGurus stock. The shares were sold at an average price of $34.62, for a total value of $346,200.00.
- 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 0.1%
CarGurus stock traded down $0.02 on Friday, hitting $30.28. 1,009,238 shares of the stock traded hands, compared to its average volume of 1,727,869. The business's fifty day simple moving average is $33.34 and its 200 day simple moving average is $33.26. The firm has a market cap of $2.70 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 1.08 and a beta of 1.22. CarGurus, Inc. has a 1 year low of $26.39 and a 1 year 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 EPS for the quarter, topping 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 net margin of 18.06% and a return on equity of 62.88%. CarGurus's quarterly revenue was up 7.2% on a year-over-year basis. During the same quarter in the previous 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, analysts predict that CarGurus, Inc. will post 2.17 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several research analysts have recently issued reports on the stock. Barclays dropped their target price on shares of CarGurus from $41.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 6th. Wall Street Zen cut CarGurus from a "buy" rating to a "hold" rating in a research report on Saturday, October 3rd. Oppenheimer increased their target price on CarGurus from $38.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday, August 12th. Weiss Ratings upgraded CarGurus from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, October 8th. Finally, Royal Bank Of Canada lifted their target price on CarGurus from $35.00 to $42.00 and gave the stock an "outperform" rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $39.95.
View Our Latest Analysis on CARG
Institutional Investors Weigh In On CarGurus
A number of large investors have recently made changes to their positions in CARG. Prevatt Capital Ltd grew its position in CarGurus by 12.5% during the first quarter. Prevatt Capital Ltd now owns 2,475,000 shares of the company's stock valued at $84,274,000 after buying an additional 275,000 shares during the period. Congress Asset Management Co. lifted its position in shares of CarGurus by 7.6% during the 3rd quarter. Congress Asset Management Co. now owns 2,125,686 shares of the company's stock valued at $66,236,000 after buying an additional 149,338 shares in the last quarter. Fort Washington Investment Advisors Inc. OH lifted its position in shares of CarGurus by 8.5% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 1,110,231 shares of the company's stock valued at $37,803,000 after buying an additional 86,600 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of CarGurus by 18.2% during the 1st quarter. Bessemer Group Inc. now owns 1,085,061 shares of the company's stock valued at $36,945,000 after acquiring an additional 166,954 shares during the period. Finally, Bank of America Corp DE grew its stake in shares of CarGurus by 26.6% during the 1st quarter. Bank of America Corp DE now owns 586,346 shares of the company's stock valued at $19,965,000 after acquiring an additional 123,364 shares during the period. 86.90% of the stock is currently owned by institutional investors.
About CarGurus
(
Get Free Report)
CarGurus, Inc is a digital automotive marketplace that connects consumers with dealerships and private sellers offering new and used vehicles. Its platform enables shoppers to search vehicle listings, compare prices and features, review dealership information, and evaluate vehicle deals using data-driven tools. CarGurus generates revenue primarily by providing automotive dealers with listing, advertising, and other digital marketing services.
The company also offers products designed to help dealers attract shoppers, manage vehicle listings, and support the online and in-person vehicle-buying process.
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