Jennifer Ladd Hanson Sells 567 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) insider Jennifer Ladd Hanson sold 567 shares of the company’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $33.04, for a total transaction of $18,733.68. Following the completion of the sale, the insider directly owned 96,432 shares in the company, valued at approximately $3,186,113.28. The trade was a 0.58% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Jennifer Ladd Hanson also recently made the following trade(s):

• On Tuesday, March 31st, Jennifer Ladd Hanson sold 2,499 shares of CarGurus stock. The shares were sold at an average price of $35.61, for a total transaction of $88,989.39.

CarGurus Stock Up 1.4%

NASDAQ CARG opened at $35.24 on Wednesday. The stock has a market cap of $3.35 billion, a P/E ratio of 22.74, a PEG ratio of 1.24 and a beta of 1.32. The company’s 50-day simple moving average is $31.65 and its 200 day simple moving average is $34.58. CarGurus, Inc. has a twelve month low of $24.83 and a twelve month high of $39.42.

CarGurus (NASDAQ:CARG) last issued its quarterly earnings data on Thursday, February 19th. The company reported $0.63 earnings per share for the quarter, topping the consensus estimate of $0.61 by $0.02. The firm had revenue of $209.09 million for the quarter, compared to analysts’ expectations of $239.07 million. CarGurus had a net margin of 16.60% and a return on equity of 47.50%. The company’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.55 earnings per share. CarGurus has set its Q1 2026 guidance at 0.520-0.580 EPS. Research analysts anticipate that CarGurus, Inc. will post 1.41 earnings per share for the current year.

Institutional Trading of CarGurus

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

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CARG. Needham & Company LLC decreased their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Thursday, February 5th. BTIG Research decreased their price objective on shares of CarGurus from $44.00 to $37.00 and set a “buy” rating on the stock in a research note on Friday, February 20th. Jefferies Financial Group upped their price objective on shares of CarGurus from $42.00 to $45.00 and gave the stock a “buy” rating in a research note on Thursday, December 11th. Oppenheimer decreased their price objective on shares of CarGurus from $40.00 to $38.00 and set an “outperform” rating on the stock in a research note on Tuesday, February 24th. Finally, Royal Bank Of Canada decreased their price objective on shares of CarGurus from $40.00 to $34.00 and set an “outperform” rating on the stock in a research note on Friday, February 20th. Five equities research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $38.14.

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.