CarGurus (NASDAQ:CARG) General Counsel Javier Zamora Sells 3,532 Shares

CarGurus, Inc. (NASDAQ:CARG) General Counsel Javier Zamora sold 3,532 shares of the stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $32.63, for a total transaction of $115,249.16. Following the completion of the sale, the general counsel directly owned 99,529 shares of the company’s stock, valued at approximately $3,247,631.27. This trade represents a 3.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Javier Zamora also recently made the following trade(s):

• On Monday, June 1st, Javier Zamora sold 8,072 shares of CarGurus stock. The shares were sold at an average price of $29.53, for a total transaction of $238,366.16.

CarGurus Stock Performance

CARG opened at $34.00 on Tuesday. The stock has a market capitalization of $3.07 billion, a PE ratio of 22.37, a P/E/G ratio of 1.21 and a beta of 1.20. CarGurus, Inc. has a one year low of $26.39 and a one year high of $39.42. The business’s 50 day moving average price is $31.54 and its 200 day moving average price is $33.13.

CarGurus (NASDAQ:CARG) last posted its earnings results on Thursday, May 7th. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.02. CarGurus had a return on equity of 54.42% and a net margin of 15.57%.The company had revenue of $243.56 million during the quarter, compared to analysts’ expectations of $243.10 million. During the same quarter last year, the firm earned $0.46 earnings per share. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. CarGurus has set its Q2 2026 guidance at 0.570-0.640 EPS. As a group, equities research analysts forecast that CarGurus, Inc. will post 2.11 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CarGurus

Several hedge funds have recently bought and sold shares of CARG. Brown Brothers Harriman & Co. acquired a new position in CarGurus in the 3rd quarter valued at about $46,000. Torren Management LLC purchased a new stake in CarGurus during the fourth quarter worth about $49,000. EverSource Wealth Advisors LLC lifted its position 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 worth $55,000 after purchasing an additional 1,362 shares in the last quarter. Clearstead Advisors LLC lifted its position in shares of CarGurus by 321.2% during the fourth quarter. Clearstead Advisors LLC now owns 2,127 shares of the company’s stock worth $82,000 after purchasing an additional 1,622 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its stake in shares of CarGurus by 356.5% in the fourth quarter. Rockefeller Capital Management L.P. now owns 2,173 shares of the company’s stock valued at $83,000 after purchasing an additional 1,697 shares during the period. Institutional investors and hedge funds own 86.90% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CARG shares. Piper Sandler reaffirmed a “sector weight” rating on shares of CarGurus in a research report on Friday, June 12th. Citigroup assumed coverage on shares of CarGurus in a research report on Friday, June 12th. They set a “buy” rating for the company. Barclays initiated coverage on shares of CarGurus in a research note on Thursday, May 28th. They issued an “overweight” rating and a $35.00 price target on the stock. Freedom Capital upgraded shares of CarGurus to a “strong-buy” rating in a report on Friday, June 12th. Finally, Royal Bank Of Canada increased their price objective on shares of CarGurus from $34.00 to $35.00 and gave the stock an “outperform” rating in a research report on Monday, May 11th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $37.79.

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.