Matthew Todd Quinn Sells 4,341 Shares of CarGurus (NASDAQ:CARG) Stock

CarGurus, Inc. (NASDAQ:CARG) CTO Matthew Todd Quinn sold 4,341 shares of the business’s stock in a transaction that occurred on Thursday, April 2nd. The stock was sold at an average price of $33.04, for a total value of $143,426.64. Following the completion of the sale, the chief technology officer owned 246,098 shares of the company’s stock, valued at $8,131,077.92. The trade was a 1.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 business has a 50 day moving average of $31.65 and a 200 day moving average of $34.58. The company has a market capitalization of $3.35 billion, a price-to-earnings ratio of 22.74, a PEG ratio of 1.24 and a beta of 1.32. CarGurus, Inc. has a 1-year low of $24.83 and a 1-year high of $39.42.

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

Hedge Funds Weigh In On CarGurus

Several hedge funds have recently made changes to their positions in CARG. Congress Asset Management Co. purchased a new position in shares of CarGurus during the third quarter valued at approximately $70,856,000. UBS Group AG increased its stake in shares of CarGurus by 158.2% during the third quarter. UBS Group AG now owns 1,537,856 shares of the company’s stock valued at $57,254,000 after buying an additional 942,199 shares during the period. Wellington Management Group LLP increased its stake in shares of CarGurus by 6.6% during the third quarter. Wellington Management Group LLP now owns 9,636,671 shares of the company’s stock valued at $358,773,000 after buying an additional 594,670 shares during the period. William Blair Investment Management LLC purchased a new position in shares of CarGurus during the fourth quarter valued at approximately $21,756,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of CarGurus by 159,137.1% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 536,629 shares of the company’s stock valued at $22,787,000 after buying an additional 536,292 shares during the period. 86.90% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of CarGurus in a research report on Monday, December 29th. Needham & Company LLC lowered their price objective on CarGurus from $44.00 to $37.00 and set a “buy” rating for the company in a research report on Thursday, February 5th. Oppenheimer lowered their price objective on CarGurus from $40.00 to $38.00 and set an “outperform” rating for the company in a research report on Tuesday, February 24th. DA Davidson lowered their price objective on CarGurus from $37.50 to $33.50 and set a “neutral” rating for the company in a research report on Friday, February 20th. Finally, UBS Group set a $38.00 price objective on CarGurus in a research report on Tuesday, February 24th. Five analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, CarGurus presently has an average rating of “Hold” and an average target price of $38.14.

CarGurus Company Profile

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.