Dafna Sarnoff Sells 5,445 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) CMO Dafna Sarnoff sold 5,445 shares of the stock in a transaction on Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $179,902.80. Following the completion of the transaction, the chief marketing officer directly owned 134,369 shares in the company, valued at $4,439,551.76. This trade represents a 3.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

CarGurus Price Performance

NASDAQ CARG opened at $35.24 on Wednesday. The firm’s fifty day moving average price is $31.65 and its 200 day moving average price is $34.58. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 22.74, a price-to-earnings-growth ratio of 1.24 and a beta of 1.32. CarGurus, Inc. has a 12 month low of $24.83 and a 12 month high of $39.42.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, February 19th. The company reported $0.63 EPS for the quarter, beating analysts’ consensus estimates of $0.61 by $0.02. The firm had revenue of $209.09 million for the quarter, compared to the consensus estimate of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The company’s revenue was up 14.7% on a year-over-year basis. During the same period last year, the firm posted $0.55 EPS. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. As a group, sell-side analysts forecast that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on CARG shares. Jefferies Financial Group raised their price objective on shares of CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. DA Davidson lowered their price objective on shares of CarGurus from $37.50 to $33.50 and set a “neutral” rating on the stock in a research report on Friday, February 20th. Wall Street Zen downgraded shares of CarGurus from a “buy” rating to a “hold” rating in a research report on Sunday, February 15th. Finally, BTIG Research lowered their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research report on Friday, February 20th. Five research analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $38.14.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CARG. Farther Finance Advisors LLC boosted its holdings in shares of CarGurus by 71.1% in the third quarter. Farther Finance Advisors LLC now owns 1,066 shares of the company’s stock valued at $40,000 after acquiring an additional 443 shares in the last quarter. Brown Brothers Harriman & Co. purchased a new stake in shares of CarGurus in the third quarter valued at about $46,000. Torren Management LLC purchased a new stake in shares of CarGurus in the fourth quarter valued at about $49,000. First Horizon Corp purchased a new stake in shares of CarGurus in the third quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC boosted its holdings in shares of CarGurus by 491.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,639 shares of the company’s stock valued at $55,000 after acquiring an additional 1,362 shares in the last quarter. 86.90% of the stock is owned by hedge funds and other institutional investors.

About CarGurus

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.