Key Points
- CarGurus COO Samuel Zales sold 10,000 shares for about $323,300 at an average price of $32.33 under a pre-arranged Rule 10b5-1 plan. He retained 419,735 shares after the sale, a 2.33% reduction in his holdings.
- CarGurus reported quarterly EPS of $0.66, beating the $0.61 analyst consensus, while revenue rose 7.2% year over year to $250.97 million.
- Analysts’ average rating was Moderate Buy, with an average price target of $39.95; shares opened at $33.77.
CarGurus, Inc. (NASDAQ:CARG - Get Free Report) insider Ismail Elshareef sold 1,964 shares of the firm's stock in a transaction that occurred on Monday, November 2nd. The stock was sold at an average price of $32.33, for a total transaction of $63,496.12. Following the sale, the insider directly owned 123,670 shares of the company's stock, valued at approximately $3,998,251.10. This trade represents a 1.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Ismail Elshareef also recently made the following trade(s):
- On Friday, October 2nd, Ismail Elshareef sold 2,673 shares of CarGurus stock. The shares were sold at an average price of $29.62, for a total transaction of $79,174.26.
CarGurus Stock Down 0.1%
Shares of NASDAQ CARG opened at $33.77 on Wednesday. The firm has a market cap of $3.01 billion, a PE ratio of 16.40, a P/E/G ratio of 1.20 and a beta of 1.22. CarGurus, Inc. has a 12-month low of $26.39 and a 12-month high of $41.22. The company's fifty day simple moving average is $32.22 and its 200 day simple moving average is $32.83.
CarGurus (NASDAQ:CARG - Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The company reported $0.66 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $249.85 million. During the same period last year, the company posted $0.57 earnings per share. The business'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. On average, equities analysts predict that CarGurus, Inc. will post 2.17 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several analysts have recently commented on CARG shares. UBS Group reduced their target price on CarGurus from $40.00 to $35.00 and set a "neutral" rating for the company in a research note on Wednesday, October 7th. Oppenheimer upped their price target on CarGurus from $38.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 12th. Barclays dropped their price target on CarGurus from $41.00 to $38.00 and set an "overweight" rating on the stock in a research note on Tuesday, October 6th. Needham & Company LLC increased their price target on CarGurus from $43.00 to $44.00 and gave the stock a "buy" rating in a report on Friday, August 7th. Finally, Weiss Ratings cut CarGurus from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, October 23rd. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, CarGurus has a consensus rating of "Moderate Buy" and an average price target of $39.95.
Read Our Latest Research Report on CarGurus
Institutional Trading of CarGurus
A number of hedge funds and other institutional investors have recently bought and sold shares of CARG. Lazard Asset Management LLC raised its holdings in CarGurus by 180.8% during the first quarter. Lazard Asset Management LLC now owns 445,868 shares of the company's stock worth $15,182,000 after buying an additional 287,067 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of CarGurus by 26.6% in the first quarter. Bank of America Corp DE now owns 586,346 shares of the company's stock valued at $19,965,000 after buying an additional 123,364 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of CarGurus in the second quarter valued at $1,065,000. RFG Advisory LLC acquired a new position in shares of CarGurus during the second quarter valued at about $1,421,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of CarGurus during the second quarter valued at about $15,631,000. Institutional investors own 86.90% of the company's stock.
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 vehicle and dealer information, and contact sellers. CarGurus generates revenue primarily by providing dealers with digital listing, advertising and marketing products designed to help them reach potential buyers.
The company also offers tools intended to support automotive retailers' online operations, including inventory merchandising, lead generation and digital retailing capabilities.
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